Arsenal chairman Sir Chips Keswick has defended the £3 million paid to owner Stan Kroenke.
The Gunners held their Annual General Meeting at the Emirates Stadium on Thursday, which offered shareholders the chance to submit written questions to the board.
Keswick stressed the board had no issues over the decision, and was one it could look to implement again in the future.
"This fee was proposed by myself and Lord Harris (of Peckham) for the wide range of services provided to Arsenal Football Club by Kroenke Sports and Entertainment," he said.
"KSE is one of the most respected and successful sports organisations in the United States, operating in the most sophisticated sports business market in the world.
"They have an extensive and long experience in modern sports management.
"It is of the utmost importance that as a club we use it to our best advantage to ensure we keep progressing.
"There was no competitive tender for these services as they are directly available to us, and a tender process was inappropriate, and therefore unnecessary.
"We are entirely satisfied the fee was appropriate. In terms of any future fees, that would depend on the nature of the services provided.''
