Page 6 http://www.arsenal.com/assets/_file...1318409853_Arsenal_Holdings_plc_-_Annual_.pdf £160m summer as a last year, prior to the Fabregas, Nasri, and Clichy sales, and prior to this years profit.
Thanks, but your figures are wrong http://www.bbc.co.uk/news/business-17180296 Like I said, even if you have cash reserves, you don't just burn a hole in your pocket and spend it all. It seems that this is the position of the club too and rightly so. The last thing we want at Arsenal is a boom and bust culture. I would like to see some investment in the squad though, and I think we have the funds to do it. Maybe not on the same scale as Chelsea and City, but still enough to improve what we've got.
Manchester Utd are holding a quarter of what we are in cash. Spurs less than 10%. Do you think they are going to go bust? Or perhaps the utter baloney spouted by Gazidis that we needed it to pay wages was indeed an outright lie. You may not know this, but our cash reserves (almost all of it) have been converted to short term deposits - i hope and pray that this is simply a higher interest account as opposed to Kroenke movng money around.
With £250M of debt and £124M of wages, some would say it would be a bit silly of the club not to protect themselves by ensuring that they have the means to pay the debt and wages.... I'd much rather have long-term stability for my club than risk a Portsmouth, Leeds, Rangers etc. Oh and Jayram, it is indisputable that Wenger is the most sucessful manager in our history. The number of trophies which sucess is judged on proves this.
He's also made us consistent top 4 material, something which we weren't prior to his arrival. We'd have a great season, then a poor season. Now we just have consistently average seasons.
Does anyone else have a vision of Jayram sitting in a large armchair stroking a white cat and saying "failure will not be tolerated", while Mr Wenger stands on a trapdoor to a tank full of Piranha's or Sharks with Friggin laser beams on the heads!
Are you for real ?? You are favouring a BBC article over official published Arsenal accounts ??? The Magic Man, thats not how it works. your don't put spending on hold because you have debt. The debt is manageable, it is long term, it doesn't have to be paid off immediately. We could, if we wanted to, pay off our debt using the cash reserves but we are not. If I have £10K in the bank and an outstanding mortgage of £5K I don't say "better not spend the £10k in case I need to pay off the mortgage. The mortgage is a long term debt so as long as you are getting regular money IN that £10k is yours to spend. Unless of course you think it is imminent that fans will stop going to the Emirates ????
Yes I am optimistic as well. Not excited because I do not expect them to finish as high as 3rd again, but nevertheless optimistic.
It is so easy to talk about the money and the need to urgently spend it, when it is not your money and you are not responsible in any way.
I'm not sure if we should be optimistic. For starters, we could lose RvP and Theo due to contract mismanagement. For seconds, we probably won't buy adequate replacements.
The official Arsenal accounts do not publish a 'cash reserve' figure, they show an operating profit and expenditure list as well as net debt. Nowhere in those accounts does it say that we have a £200m cash stockpile. The BBC article is reliable enough set against Jayram's figures.
Or even to have a full understanding of how it works. and no Jayram, that's not me saying, 'I know more than Arsenal's accountants' . . . although come to think of it, it seems that you are ?
No, he's not cool enough for that. Jayram was spotted on here yesterday . . . . please log in to view this image
Magic Man - I will go lightly on you as I am in a good mood. 1) £250 debt does not need to be paid off in one go... our yearly debt is serviceable from income. 2) Wages are also serviceable from income 3) this is why we;vee been adding cash Thanks. As for the number of trophies - as i said George Garaham won trophies 6 trophies in 9 years, Wenger 7 in 16 years. Graham has a better rate and also won in Europe.
Sorry, I forgot you were a big banker. ;-) If the club has £160M cash and a £124M wage bill with a £250M long term loan, then it would not be sensible to go and spend all their cash. If I earn £50K and have £50K in the bank, yet know that my outgoings are £40K, I would be wise not to spend all of my £50K savings. That said, there is enough there for the club to spend (I'd say using those figures from last year) up to £36M.
You have finally reached the absolute depths of delusion. For the record: The Arsenal accounts DO show a cash figure broken down by Cash in the bank and cash in short term deposits. They publish this every year. Incredible that you would lie so openaly Piskie when its easy to catch you out. Here's the link AGAIN. http://www.arsenal.com/assets/_file...1318409853_Arsenal_Holdings_plc_-_Annual_.pdf Its on PAGE 6. and the detail is on page 53, section 13.
See my post above re finances. Wenger has won more trophies than any other manager that we have had, ergo he is our most sucessful manager. Plus GG also won a couple of carling cups (both of which I was at) and the European trophy, although a great night (also at) was the 3rd rated cup. Question, is Di Matteo more sucessful than Mourinho, or Fergie? He's won more trophies per month than either of those.
