Arsenal finances dropped and I have no time to analyse, needless to say, it was not a great year. Our wages topped out at nearly £240m, our players sales were pitiful, and covid left us with one of the most painful losses in Europe this season (£127m)
Arsenal’s 2020/21 financial results covered a season when they finished 8th in the Premier League and reached the Europa League semi-finals under head coach Mikel Arteta, but their finances were adversely impacted by COVID-19. Some thoughts follow #AFC
— Swiss Ramble (@SwissRamble) March 1, 2022
Some interesting snippets?
KSE took over the loan from Barclays and didn’t call it in. That means it’s their money that they are putting in, though it is essentially only relevant if there is a next owner.
This is particularly pertinent as Chelsea’s owner is under some stress because all his, you know, direct ties to a nutcase dictator. The football angle is Chelsea might be tough to own moving forward, the Arsenal loan segue is that if Abramovich sells, he’ll expect the £1.5b in loans he gave the club to come back to him. Quite a steep ask, wouldn’t you say? I don’t think KSE giving Arsenal loans matters in the grand scheme of things, they have the fanciest stadium in the world, and the 2nd biggest collection of clubs… it only matters if they sell.
The next thing that was interesting to me was the Arsenal have accrued the 3rd highest player sales over 6 years. Ain’t that mad? VERY MAD. All I can remember is Iwobi? £213m seems high. What is going on here?
The number the AST will be looking at is the 55% increase in broadcast revenue to £184m. I think they have every right to ask ‘why are you putting season ticket prices up?’
The worrying trend is that we’re now 6th for revenue in the league. £40m below Spurs. £150m behind the big three in the league. That is striking. It also tells you why Vinai will bend over for dodgy crypto products like Socios. This is part of an issue a decade in the making, that I wrote about extensively. If the product you are selling is football, and the football doesn’t deliver big trophies, sponsors won’t buy into it.
What ‘story’ were Arsenal selling over the last decade?
‘Top 4 supremacy, no chance of competing, Mustafi with the BIG slide tackle’
Arsenal now HAS a story worth selling. I really hope the commercial folk at Arsenal lean in hard with sponsors. Arsenal is the most exciting project in Europe right now. Young players SELL sponsors. Young innovative coaches that has high standards is a selling point. Progress up the table SELLS. Add that all into the mixer with LONDON as the backdrop and your start to get into a sexy position.
At a base level, what is our next Amazon deal going to look like if we make CL? That is some blockbuster TV right there. The Arsenal story this season, so far, is going to look very good.
Arsenal need to strike while the focus is there, we’re not selling top 4 mediocrity now, we’re selling a young team that is going back to the top. Arsenal need to make the sales guys work for their bonuses, which can’t be high, because clearly they aren’t doing that well.
This little graphic is doing the rounds on Reddit.
England is incredibly tribal when it comes to football. You are raised on football as a point of pride. You inherently dislike certain fans, you have disgust for certain clubs, you don’t like certain players. You are CONSTANTLY having your views of the game influenced by those around you. The idea that the birthplace make-up of these refs doesn’t feed into the ‘unconscious’ bias is laughable.
There are deeper bias issues that go on. The worst is hierarchical. An example of this in action is PGMOL apologizing to Frank Lampard, second generation football establishment royalty, complaining about a handball. Did Arteta get that treatment for worse decisions? No.
The whole institution needs to be ripped down. There are no redeeming features.
Arteta also needs to learn how to bully the refs. Politeness doesn’t work. Dopes only respond to aggression. Frank Lampard went aggressive and he landed a phone call and he’ll probably get nice decisions going forward. Arteta could learn something there.
Arsenal creating chances through… the middle?
Amazing what a few choice signings can do for how balances the side it. We actively seemed to avoid the middle of the park last season, donut football… we were one of the worst teams in the league through the middle.
The progress is real…
Right, that’s me done. Put down everything you are doing and listen to the podcast.