Love ramble, but seems to be some issues with this. I know for fact (it’s in the club earnings release) that we were still selling property to tune of 100m+ in 2009/10. Not that it matters. The one that really stands out is this one. #MCFC have spent by far the most (net) on players with £906m, followed by #MUFC £528m, #CFC £393m, #LFC £351m and #AFC £236m. #THFC have only spent £98m on their squad, while Stoke will be disappointed with the return on their £190m investment (6th highest). pic.twitter.com/BjbwJ8R8XK— Swiss Ramble (@SwissRamble) January 3, 2019 Also, I was just thinking king about spuds new stadium and remembering that AW said the banks made him sign a long term contract to secure the loans. Wonder if spuds have some similar situation with poch.
All of a sudden, apparently sparked by Emery's comment yesterday about not being able to buy permanent players in January, can only consider loanees. And possibly linked with the fact that KSE sole-ownership means that we no longer have to publish the accounting info as often or as detailed as we used to. The fanbase has gone a little apoplectic about the state of the club's finances. From another thread I saw these: Sure, I guess our wage bill must be our biggest line-item cost, or at least the biggest cost which we have some control over (compared to say, loan refinancing) but I heard Arseblog mention how the club sent out an email to staff, over the holiday period, asking them to cut costs in general, any way they can. So something else to add to our current list of worries: winning games, shoring up a leaky defense, cracking top-4, solving the Ozil problem, players physical and mental health... and the club's overall financial health?!
I’ve defended Kroenke to a degree because he seems fairly hands off and didn’t seem to extract anything out of the club other than a few quid. While it’s possible he is doing that now, I’m not going to get up in arms until I see a) real evidence and b) it harms the club’s performances. If we win the league or CL and he wants to pocket a little dividend I don’t have any more problem with that than giving the players/staff a deserved bonus. But if we are playing shite while he is taking value from the club then I will drop Arsenal like a hot turd until he stops or sells. I love arsenal and have invested a lot over the years, but I want to support a club that I can feel part of as a fan and not just a customer hanging on to some glorious history. Based on what we know, I can see three scenarios of decreasing probability: 1) It’s status quo and Raúl is just gathering as much dry powder as possible to build Emery a competitive squad in the next three windows. 2) Their is a lot of financial reshuffling after going private and there are some temporary constraints on cash flow. 3) Kroenke is mixing Arsenal with his other assets and extracting value by piling on debt with the club. I’m hopeful it’s just 1, but feel it may be a combination of 1 and 2. Activity this summer will shed light on the situation.
Even if loans are an option, just offer a small fee and potential fee at the end of the year if it works out to get something over because we are shit atm
Here's the latest PR propaganda video from Vinai & Raul about the Kroenke's: https://www.arsenal.com/news/owners-are-hugely-ambitious-club Nice how they wore the same uniform, even down to the shoes! (although they miscommunicated on the socks) Edit: And here's the longer (full part 1?) interview where they talk about other things about revenue generation, academy, contract renewals, etc, etc: https://www.arsenal.com/news/were-so-pleased-unais-impact Vinai especially said a lot of good things. But we were burned a bit by Gazidis who seemed longer on talk than action. Now we just have to see how many pieces of their clear vision can be achieved. Proof is in the pudding mates.
My impression is that Kroenke is using the cash assets of Arsenal as collateral to get loans for his LA project, which is a $5 BILLION project that Kroenke is personally contributing $1.6 billion to. I have little doubt that we are looking to sell players to make up for the CL money that's not being made. If PEA and Laca are being pursued as described in the press then they will probably go. Right now AFC is being asset stripped to pay for the LA Rams.
I am not sure it is that simple. Arsenal have just been played by Ozil, Alexis and Ramsey via the contract wind down approach Utd, having been gamed by Alexis, are currently being played by De Gea with the same bitch move, as he is demanding they reup him on the open market price, or he "pulls a ramsey" So this means you end up having to pay a signing on bonus, equivalent to a transfer fee - to your own player. I argued for a few months now that the only way to stop this is to immediately sell any player who doesn't reup at the 2 year mark, and ideally have contracts with a unilateral 1 year extension like Utd do. Arsenal made the mistake 3 times with Ozil, Alexis and Ramsey So now with Auba - Arse likely have to sell him if he won't reup.
Man you sure have a bleak outlook on Arsenal! I'm no fan of KSE and I don't know if their plan is to strip assets as you say. But one thing is for sure... we still have a chance to make CL and claim the financial/recruiting prizes that come with that. And I for one am bigtime rooting for us to do this, by winning our first Euro cup final in 25 years.
Pretty much, which is why I think Arsenal really need to sit down and look at what assets are actually players you can build with. Unilateral extensions in the second to last year are going to be key for the club.
If you look at the trajectory of the club since Kroenke bought in it's been a downward slope. If you look at the trajectory of the club since Kroenke got control it's a steeper downward slope.
Guardian on PL club finances: https://www.theguardian.com/footbal...guide-2017-18-accounts-manchester-united-city Arsenal are 5th in turnover, 5th in payroll and 3rd in profit, only behind the two clubs that are in the CL final.
In no way am I trying to defend Stan, but something tells me the math is not quite that simple. I'd guess we spent that 100 on some other things. The smallish one that comes to mind is Suarez who cost us something close to 5MM?
Buzz has been that we’re going to post a huge loss in the next round of reporting. I’m guessing the Guardian is piecing this together from publicly available data that isn’t representative of the whole picture.
This makes really bad reading - especially the operating losses. As Arsenal fans nervously await the outcome of this summer’s transfer window, I thought it might be interesting to look at why the club is facing more financial challenges these days. Some thoughts in the following thread #afcb— Swiss Ramble (@SwissRamble) July 1, 2019
I've often wondered why Gazidis was paid to much for presiding over such poor commercial rev. Former chief executive Ivan Gazidis somehow received a cool £2.7m remuneration, even though #AFC failed to qualify for the Champions League, all revenue streams fell and wages spiraled out of control. For some context, he “earned” twice as much as his counterpart at #LFC (£1.3m). pic.twitter.com/8fKPpKCVk8— Swiss Ramble (@SwissRamble) July 1, 2019
Because Kroenke isn't that smart. He made his billions building strip malls with Wal Marts in them. What made that easy was being married to a Wal Mart heiress.
Just finished this People blame Kroenke for this disaster but it happened before he even took majority control of the club.
It's really incredible how badly the club managed the new stadium and its consequences. They made the wrong decisions at every turn. The focus on long-term commercial deals for the stake of stability essentially sidelined the club for the 10-15 years of explosive growth in the market. In addition the failure to recognize that players are the fastest appreciating assets in the game has cost the club maybe 300-500 million dollars.
What will always get me is sitting on all that cash and not buying players. That was the moment to step it up and we did nothing. And of course Ivan Gazidis is charlatan.
The thing is though - even when we got free of the long term deals, we didn't manage to jack the commercials at all We've simply see the commercial deals inflate in line with the market - but anyone could have got those deals. But that is actually fairly typical. The clubs themselves haven't tended to innovate - they've just cashed in on the explosive growth in media rights. Look at what Bayern has done in the US as an exception to the rule - because they couldn't rely on someone else to sell them into that market
Of all the decisions, the decision to "keep the powder dry" and not spend on transfers before 2013 may be the most ruinous for the club and prove our downfall. It's been a huge reason why we have no players that have sale value, which in turn has allowed Liverpool and Tottenham to catch up and succeed us financially. We are going to be the only team in the Premier League to show a fall in revenue (a significant one) YOY. We are truly a Europa league team now, thanks to abject mismanagement. We're fcuked.