Goooood afternoon people!
Bad morning. Bad afternoon. I’m writing this because I’ve been kicked up the arse by a Gooner at work…
That’s all I’ll say.
So, what can we kick off. How about this comment from the comments yesterday.
via Surfer X
Something that no-one else has highlighted (that I’ve read) is the inflationary effect of transfers devaluing Arsenal’s cash reserves.
In 2008, we had £93m of cash and short-term deposits. Allowing for the £24m and a prudent £20m for operating cashflow we need to hold back, that was a potential ‘warchest’ of £50m give or take. In 2008, the average spend per player (after removing loans and frees) £6.0m. Fast forward to the end of 2013 £154m- a warchest of £110m. What does that buy us now? The average spend per player has risen to £7.9m. So we are looking at an inflation rate in transfers of 30% across those 5 years.
What does this mean? That £50m we had 5 years ago is, is- in terms of a players worth- has devalued to £35m. Or, put another way- the £50m that is still would of bought us a couple of players in the world-class bracket at £25m. Today? Those players combined would be going for something closer to £66m.
Letting cash sit in a bank in any inflationary economy is never a good idea. With all the money about to wash into the EPL (again), that trend shows no sign of abating. Leave it in the bank for another 5 years at the same rate, and our original £50m will be devalued to a mere £15m; those same two-players would cost us an effective £85m.
So much for keeping the powder dry- the powder becomes less powerful with each passing year.
That’s a really interesting point. Not only does cash in the bank have no monetary purpose, it also has a degrading impact on the calibre of players we can sign. Invest cash in things that’ll appreciate.
I’m going to start harvesting the best comments and putting them on the Le Grove tumblr. I’ve been a bit more involved in the LG community this week and there are seriously interesting people with great views.
What else can I ply you with today?
Ok, so, I’ve been on super hardcore moan mode of late. Arsenal upsets me because I know it can be better. I have no control over that process bar moaning about it and highlighting the problems… in the hope, that maybe, just maybe, the club will address them.
So what have I enjoyed about this season? (I’m going Positively Arsenal on this)
Well, the stadium has been great this year. I’ve really enjoyed the atmosphere. For the first time at The Emirates, I feel like I’m part of something. I’m not sure how everyone else is getting on, but the community feel around me has been so much better this year. I look forward to hanging with the people I sit around. Nothing like being top of the league to cement that!
I’ve also enjoyed the pressure of being at the top of the league. Even when you know something is going to be short lived, it’s always worth savouring the good times.
Watching Spurs crash and burn has brought me immense pleasure. £100m and you ballsed it up! Heroic stuff. People say things like… ‘Ohmagerd why u so bothered about Spurs’… well, that’s part of my remit and yours. You know, to always make sure you apportion some time in your life to laugh at the misfortune of others.
So yeah, lots of laughing at Spurs. Even more laughing when I heard Tim Sherwood might carry on!
I’ve also enjoyed watching Ozil. A £43m player at the club. Incredible work. I love him. He might be a bit unfit, but my god, when he’s on form, what a sight! I love him.
I also love Aaron Ramsey. He so good. He’s proved his doubters wrong in spectatcular fashion. A hero of the club. Our best player. What a beast. Could he ever win the Balon D’or? Who knows. Let’s keep him fit for a year, support him with more great players and see what he can do.
So yeah, we can gripe and moan, but hey, sometimes you have to sit back and enjoy the little moments that make football worthwhile.
So, it’s Friday, it’s late afternoon, so why not take a bottle of whisky, pour it on the suit jacket of someone you don’t like (if they’re out for an hour)… then, when they come back in and go into an important meeting. They’ll stink of alcohol.
What a LOL. They’ll get sacked and all it cost you was a quart of hard liquor.
HAPPY FRIDAY xxx