Equally, there is less in the way to prevent him from taking money out of the club (aka cash cow) to pay for some of his other business ventures.
While you and I may dislike/despise those old Etonians, the fact remains that those families (Hill Woods, Bracewell Smiths and Carrs) were involved with running Arsenal F.C. from the 1930s. They have shown a level of commitment to the club that should be acknowledged and, yes, celebrated.