At the time, we decided to build a stadium, which cost a lot of money. We decided to go for a policy where we could survive without buying too much. We knew the resources were short and we suffered a little bit’ This is a direct quote from Arsene.
Okay the stadiums built and we’ve been raking it in now for 2 years, not to mention International matches, conferences and concerts.
The stadium is named the Emirates because we got £100 million up front, we have 8 years of shirt sponsorship which we got £50 million up front for and when we sell the old stadium we get a further £250 million from the sale of the flats, 90% of which are sold, so the property market reversal will have no great effect on that.
I have it from an insider (Director) that at the end of the 2009 season, we will not only have paid for the stadium, we will be debt free with cash in the bank.
No other club in football can boast this.
That is all based on published knowledge, this doesn’t include matchday revenues, prize money, Premier league money and other sponsorships such as Nike etc.
We were the only club that had made money from the transfer market last year, the only club, we sold Lassana Diarra in January as well, so how on earth can we still be pleading poverty? ManU don’t and they owe £850 million with annual interest charges of £63 million.
So please boss, stop using the Stadium as the annual excuse, if you add up the money you haven’t spent compared to your peers in your tenure, you could have bought the stadium outright, we are not paupers, enough with that one, it’s getting tired.
We’ll lose Flamini through our own stupidity, I understand the wage structure, but if we can’t compete with other clubs, how can we keep players like Fabregas happy? is he content to earn less?
Barca have now tired with new toy Henry, after relentlessly chasing him for 4 years, all that time unsettling him and then last year they finally get him, now want to discard him, what a bunch of wankers, do you want him Arsenal? OK, we’ll give you Eboue and Senderos for him, good deal, now move on.
Aston Villa won’t get European football next season, so time to move for Barry, maybe Eboue again plus cash? O’Neil hates Liverpool so we’ll not get a better opportunity to get one over on them.
Everton and last day of our home season, get behind the team and hope for a 4 nil to the Arsenal, I hope Flamini stays and we can cheer him, but if he plays and goes on Monday, I will feel humiliated and cheated, so if he’s going Arsene, don’t play him.
I’m at the game today with Pedro, so please any AKB’s out there, I know you won’t be at the game, don’t show yourselves up by coming on in our absence, you’re not welcome, go to Arsenal.com
Have a great last day Grovers, tomorrow the transfer season begins.