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KPMG report confirms Arsenal face challenges

The latest KPMG report confirms what we already knew: Arsenal are slipping behind the other big six clubs and their European rivals under the 'guidance' of silent Stan Kroenke: https://www.football.london/arsenal-fc/news/stan-kroenke-arsenal-300million-finances-18329288

As someone from south of the river I don't want to get mixed up in North London rivalries, but I do rate Arsenal as a historic club and I always regarded my visits to Highbury and then the Emirates as a highlight of the football year, memories that I cherish even more now.

I don't sign up to a simplistic 'foreign owners bad' model which is clearly nonsense, but there is more than one version of the American franchise model in practice and there is now a clear contrast between how it has worked out in Islington and at Liverpool.
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