Arsenal file official documents confirming important exit
Arsenal have confirmed Tim Lewis has left his role as a director at the Emirates Stadium.
A Companies House submission on Wednesday (24 September) revealed Lewis’s position on Arsenal’s board has now been officially terminated.
Lewis, whose latest role at the Emirates was as executive vice-chair, has advised owner Stan Kroenke on his investments in the Gunners since 2007.
In a statement last week, Arsenal confirmed Richard Garlick has been promoted from managing director to chief executive with immediate effect.
It comes after Andrea Berta was appointed as Arsenal’s new sporting director earlier this year following the departure of Edu Gaspar last November.
Arsenal fans rage at Ben Winston appointment
As part of the boardroom reshuffle, co-chair Josh Kroenke is expected to play a more prominent role at the Emirates.
Kroenke Sports & Entertainment’s (KSE) Kelly Blaha and Otto Maly have joined Arsenal’s board as non-executive directors alongside Dave Steiner, a long-term advisor to KSE.
However, Arsenal’s decision to appoint Ben Winston as a non-executive director hasn’t gone down too well with some of the club’s fans, with many questioning the producer and director’s credentials.
The latest moves at the Emirates appear to represent a shift in approach as the club’s hierarchy aims to lay the foundations for success on the pitch.
Mikel Arteta’s side have finished second in the Premier League in each of the past two seasons, while they have failed to win a major trophy since the 2019-20 campaign.
Arsenal ‘close’ to breaching Uefa’s financial rules
KSE backed Arteta in the recent summer transfer window as the Gunners look to challenge for the Premier League title again this season.
Arsenal spent more than £250million during the window, with eight new signings arriving through the door in north London.
Eberechi Eze, Viktor Gyokeres, Kepa Arrizabalaga, Martin Zubimendi, Christian Norgaard, Cristhian Mosquera and Noni Madueke signed on permanent deals, while Piero Hincapie joined on loan.
Finance expert Stefan Borson told Football Insider Arsenal are “close” to breaching Uefa’s financial rules following their heavy spending.
Clubs in European competitions were required to keep spending on player wages and fees to 80 per cent of revenue in 2023-24 – the most recent year assessed – while they were permitted to lose up to £77m over a three-year period.
However, the squad cost control ratio dropped to 70 per cent in 2024-25 and will remain at that level moving forward.
Arsenal’s revenue reached £616.6m in their latest published accounts for 2023-24, while their wage bill stood at £327.8m.
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