Before I took a job of being a Twitter Operator in May, I dabbled in Business Development. I won’t go into the detail, but basically, I wasn’t the best at it. Earlier in the summer I listed out who I thought could leave and roughly the price we’d get for them.
Well, today, I think we can see why my 18month career in selling tanked. My pricing was clearly out by a long way. What I priced versus what we sold was about 38million out. Now is this because the values were shot in the first place? No. Don’t tell me you can get Enrique for £6million but Champions League Finalist Eboue is worth £2million less. Don’t tell me Andy Carroll is worth £15million more than Nik b! The problem here is with salary. When you sign a player you have to include what they’re being paid.
Clubs outside the top 4 can’t afford Arsenal deadwood salaries. So that’s why we’ve had to ship out Denilson and Nik on loan and that’s why we’re probably still covering part of their salary.
For today’s exercise, I’ve got their whole salary on their new clubs.
So, looking at what we’ve brought in, it’s not half bad. What we lost on Cesc, in my opinion we made up for with ‘last year’ broken hand Sammy. Over all we brought in close to £60million and shaved £20million off salaries.
Coming in, we’ve spent £59million. Thy gives us a surplus surplus of £50million give or take. That’s also given us about a £5.75 million discount from our £120million wage bill. So, armed with the knowledge that we make a small loss on a £120million wage bill and that we have pretty much the same income for the next 3 years unless something drastic happens, the simple fact is, unless we sell, our transfer pot going forward is going to be looking pretty bleak. Next summer, we have enough for 2 reasonably good players on two pretty good salaries.
The Queensland Property deals should bring in another £35million at some point, but after that, bar an increase in television revenue deals or a few minor sponsorship deals, we’re looking pretty flat on the mega profit front.
Scary situation eh? Can our squad afford to go the next 3 years without investment? Can we be assured of Champions league without serious help or a calculated business risk?
Don’t get me wrong, if we sold Almunia, Squillaci and Diaby next summer, we’d free up another £12mill in salary. That could allow us to move for super class players, question is, who will have them? Then the question is, where do we get the cash from the year after? Another raid on the fans? My meat pie is already the most expensive in the league!
Anyway, them be the sense checked facts for you (A trusted number cruncher okayed what I’ve done there).
I’ll leave you to chew the figures today, tomorrow I’ll tell you what they mean going forward. I’ll also try and get some answers for some of the hotter debates in the comments today.
Who says the international break has to be boring?
P.S. If you loved Arteta’s comments, you’ll love this excellent analysis on the man by an Evertonian here. If you want to find out what we thought about the Transfer dealings of the summer, catch our thoughts on Goal.com and Metro. Oh, any spares, let me know!
[twitter-follow screen_name=’LeGrove’ show_count=’yes’]