I think we've left it too late. But I'm going to suspend disbelief for another 28 hours and pretend that we might sign Lemar, Draxler, Van Dijk, Seri, or Goretska.
David Ornstein has tweeted that there's no money available for major signings , despite the fact that we've made a profit in this window
wait, this is genuinely worrying. I wish he would elaborate on this...what is meant by 'no money'? We surely should have a giant cash reserve, and literally just got 40m for chamberlain...
The No money thing is reasonable. Ornstein is normally pretty accurate. Our squad is still huge = Massive wage Bill and we have no Champions League revenue this year.
Somebody have a ****ing whip round for kronke eh ? It's not like he's just spent $725m on a ranch for himself. ****ing ****.
So we bid £45m for Lemar back at the start of the window. Now we have just got £40m for Ox plus around £35m for other players we've sold. So even a conservative estimate makes that around £120m And we haven't got any money for transfers ? What the actual **** is going on at Arsenal ?
Supposedly, its related to wages, not cash (transfer fee) reserves. Apparently we would be breaking rules by taking on more wages, or something of the sort. Which to be honest, still doesnt make sense because why were we so open to making signings earlier in the summer??
not really tbh Sakho doesn't get near our squad due to pissing Klopp off nothing to do with ability - and on ability the majority of our fans rate Sakho higher than Lovren never mind Klavan read into that what ever you want.
Yeah that doesn't add up . We were about to offer Ox £180k per week and Sanchez £300k per week. Ox was on what ? £80k and Sanchez is on £120k. So there's £280k per week that we're now not spending. David Ornstein said that the wages with Lacazette transfer and his wages mean that there's no money for any major signing. But we'd already signed Lacazette when we were offering Ox and Sanchez improved contracts. And as you say, we were open to making signings earlier in the window and reportedly bid £45m for Lemar. So he would have reasonably expected something like £180k+ As I say, it doesn't add up.
Mass protest needed, boycotting matches is the only solution left. Wenger is complicit in all this, any other manager would have walked away from this shambles.
I seem to remember some new rule came into force, meaning that you could only increase your wage bill by a certain percentage, unless you found more revenue? anyone else heard it, think it was a PL rule, not uefa. Not sure how city can do it tho.
Correct. The PL introduced a new policy before the 2015-16 season that is designed to protect teams from letting the ever-increasing TV money going to their heads. The basic worry is in essence that a newly promoted or smaller club will massively hike up their annual wage bill in a (usually futile) attempt to fast track themselves up the PL table. To do this, being of limited external commercial revenue they will have to funnel the entirety of their TV gold into their wage bill. Part 2 of the concern is that the silly, naiive upstarts are swiftly relegated to the Championship, a barren wasteland where TV money is barely enough to cover the tea and biscuits at half time let alone a huge wage bill. Part 3 of the worry is that the club will be unable to unload enough overpaid mercs quickly enough, and with TV, commercial and gate money all rapidly dwindling, will enter a period of financial uncertainty that could spiral out of control into outright bankruptcy. Current examples of this are Sunderland and Villa, both of whom have massive fan bases yet are still desperately offloading their top earners. Other recent examples are QPR, Blackburn and Cardiff, along with Portsmouth who effectively went bust due to an unsustainable wage commitment. Until the 2019-20 season at the earliest, all PL teams whose wage bills exceed £67m per annum (i.e. almost everyone) are not allowed to use more than £7m of their TV package to fund a wage hike for the following season. Any increases beyond this sum must be shown to be derived from commercial/sponsorship revenue. The law makes a lot of sense as it basically says to the Portsmouths and Cardiffs of this world: until you've actually grown your brand to the levels of a real 'big club', don't come round asking us for more TV money as you'll only end up digging yourselves an early grave. The law also goes some way to explain why Leicester found it so hard to kick on from their title winning campaign. They aren't nearly a big enough name to raise their wage ceiling to the levels behooving PL champions, and the PL won't let them use their TV money to do so. The part that doesn't make sense is that Arsenal are comfortably within the world top 20 if not top 10 in terms of commercial revenue. You are a massive club with a vast global fanbase. I say as a Spurs fan that building a new stadium still won't get us anywhere near your global reach. That takes years of success and a lot of patience. I would've thought that the money is there that would mean you don't need to rely on the TV pot of gold. And if people are saying that it isn't, you face one of two options (or both): 1) Arsenal aren't such a big club anymore due to years of stagnation and commercial revenue is plummeting (e.g. no CL money this year) 2) Kroenke and Gazidis are just pocketing said revenue The short-term solution is to have a major clear out of the overpaid dross that clogs up your squad. But your idiot manager has spent half the summer talking about how player x remains an integral part of his plans. Either way, it looks bleak. (Sorry about the lengthy response btw)
Excellent summary of what's happening in the PL regarding revenues and Arsenal. We may get a clearer picture on what's happening when Wenger actually leaves, due to the total secrecy of the current setup.
Ornstein saying we still have 35 first team players. The Premierleague has the 25 man squad rule. 3-4 of those on loan - but still the FIRST thing we should have done this Summer is offload the players we dont need. Gibbs - Gone Sczezney - Gone Chamberlain - Gone Perez - Wouldnt be sad if we kept him but he needs games. Jenkinson - Really?..Arsenal lad but not good enough Debuchy - Another fullback still on the books. Probably decent wages too. Waisting his career on the bench Akpom - Not good enough Asano - Sell. Coquelin - Sell and replace! We need quality DM. West Brom look to be signing Grzegorz Krychowiak - he would be perfect for us. Elneny - Sell and replace! Good enough as a squad player but there are players like William Carvalho about being linked to the likes of West Ham. Who would you prefer?
