So no money then? Great, another year of failure on the horizon. **** off Kroenke, unless you inject some money.
71 players being paid crazy money - yet we can't pay to keep the best? What sort of misguided strategy is this? Unload 20 and reward the best.
****ing disgrace. Wenger and the board have really ****ed this club up. We apparently have 71 players on the books and only 1 that can score goals regularly, what a shocking indictment of Wenger's judgement. Also, can someone explain to me why that ******ed prick Djourou has been handed a new 50,000 quid a week deal? **** off Wenger you stubborn old ****.
We ll I guess if we sell off all the deadwood we will have enough money to buy some new players. Could be good news after all.
That's if anyone will take the useless ****s. It's obvious we're desperate to offload them and that puts us in a weak bargaining position.
bargaining? just get rid - its costing us already..... and what damage being done to morale and our prospects of attracting the best?
Well, I guess this puts the final nail in the coffin of the idea that Wenger was sitting on a £120m war chest and refusing to spend it.
seems we spent it on...... umm.........all these household names filling the u-18 ranks. Wenger's banking on a couple of stars appearing from the ranks of 'potentials'.
If this is true then this goes down as a failure of epic proportions. If this is true then all those years of getting champions league money, all that money that we saved from selling our best players off, all that money that we saved from not buying many players when we desperately needed them, all that EXTRA money that we get from the new 60k stadium means nothing? LMFAO!!!!!
Pretty much. And no big money signing or cl next year and gate receipts will fall even in the premier league imo.
How so? The above story is utter bull****. We have £160m in the bank and are about to announce further profits of £55m. The calculation of £55m profit THIS YEAR minus £45m for losing the CL to derive a £10m transfer budget is ridiculuous. Lets say after our profits we have £200m in cash. £35m is held for loan covenants. Lets assume that £45m needs to be held in reserve for failure to reach the CL (if that happens). Leaves £120m There are cash flow issues to deal with (inflows and outflows) but lets be clear this £120m is cash sitting there from profits on previous seasons after paying all expenses. Even without CL we can pay all our wages and expenses for next year from our income and £45m reserve and still make a very healthy profit... (we probably dont even need the £45m to turn a profit next year considering we'll make more than £45m profit this year) The club have not said that they have £55m or £10m to spend on transfers. Whether Wenger is actually being given the cash is a different question. I rather suspect that Kroenke wants to keep a fat cash balance in order to maintain the value of his shares. Cash on hand affects company valuation.
To be honest, the story has to be bull. We haven't bought a marquee signing since the days of Bergy and Henry and Wenger's been supertight for ages.
Jayram - I'm glad someone can see through the mumbo-jumbo of smoke and mirrors accounting on here. The Club has enormously healthy financial prospects. We have steady profits from property, football gate income, advertising and ahem selling players. The outflow appears to be linked to adding to our playing staff and support admin team. What exactly is going on here? Are the Club gambling on these youngsters producing sale income in future years? We don't seem to do very well at that looking at recent years. The training cost is taken by us - and the improved players loaned out !!! I suppose Wenger can argue that investing in youth 'purchases' meets the FFP ambition to use 25% of profits ploughed back on the staff.
Can I just ask a question - how many people actually go to the Emirates these days? There always seem to be empty seats on TV but the attendance is always said to be 60,000. A lot of teams seem to count season-ticket holders even if they don't turn up
