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By Andrew P. Napolitano
Independent voices from the The Washington Times Communities
Topic - Ivan Gazidis
American sports tycoon Stan Kroenke promises to make Arsenal a champion again.
Premier League club Arsenal on Monday posted a loss in the six months to end-November, largely on the back of reduced player revenues and lower property sales on the site of its former ground.
Arsenal endorsed a plan that allows fans to buy small stakes in the Premier League club and help resist any takeover bid by rival American and Russian shareholders.
"It's the end of an era but it's also the beginning of an era," Arsenal chief executive Ivan Gazidis said.
Gazidis said the club is focusing on making sure it keeps its key talents and signing them up to long-term contracts.