So Arsenal fans have been talking a lot over the last few days regarding the amount of transfer cash we ‘could’ have over the summer.
Can I just say firstly, I am no expert in finance, but if Keith Edelman says we have £70 million to spend… I am going to trust his words on the matter. An amateur assessment over the size of our transfer kitty based on the same facts any fan could view is not going to get me worried.
It is interesting that the story was not published on the AST’s website which would again reinforce my opinion that the article was speculative.
When you run a business like Arsenal, you are responsible to shareholders and customers, in other words the supporters, you can’t go public with a statement which says you have £70 mil for players if you haven’t. Simple. You can’t tell porkies in an annual report that’s audited, it’s illegal.
This is the cave man assessment of our debt, in other words a very rough guide.
Out – £450 million for the stadium.
In – £150 mil from Emirates up front, £50 mil for the shirt sponsor (Emirates) up front, £250 mil from Highbury.
That’s kind of washing it’s face. Now then you add to that match day revenue, concerts, International matches, prize money from the EPL and Uefa, TV money, Nike, Internet, shirt sales and money that hasn’t been spent over the years, I think you’ll find he easily has £70 mil to spend purely on players.
Salaries come out of cost of sales, same as with any other business.
So the debate rages…
Argument 1: If we are skint why don’t we get a big old sugar daddy to takeover?
Argument 2: We need stability and a board that have the interests of the club at heart.
Actually we don’t need either?
We have been prudent as a board and have a well run club, Wenger has a £70 mil transfer fund, why? because Edelman publicly said so. If ‘intellectual’ blogs try and tell you he doesn’t and you believe them, that’s your prerogative. We don’t believe them.
The budget is Wenger’s and if it’s not spent, that’s down to him, not the board, a sugar daddy won’t cure that.
Arsenal TV are very cleverly showing you the new generation of kids, and we’re all salivating at the prospect of the new Gazza, the new Bergkamp and the new Liam Brady, that way if no significant signings come in, we won’t care because we’ve been pre conditioned.
Very clever Arsenal, but that’s papering over the cracks, bring in some players and some silverware so we can brag to the rest of the premier league, we already brag that we’re still English and not owned by people that don’t care.
David Dein said this,
“As a devoted Arsenal fan I don’t want to see them left behind.”
He was a fool for selling up, but you can’t deny he is Arsenal through and through. Maybe he is right with what he is saying? Could another summer of underinvestment see us lagging behind the rest for a 4th season running?
Lets hope that Wenger is bluffing when he says he doesn’t have much money available… otherwise Usmadein and the Kroenkenites may find themselves with a little more support than they had last summer.
The measure of any well run business is the dividend it pays to its shareholders. The measurement of success of a football club is silverware, that is the dividend a football club should look for.
Don’t forget people, we are supposed to be a Football club, not a case study for a well run business…
Anyway, enough of my thoughts… how about a few of yours!
See you in the Comments section!