Arsenal's Financial Situation

[Phil71]

Get rid of Raul and that will provide enough money to save the 55 jobs.

[Angelito]

The anti-thesis of Wenger's Arsenal maybe. All this doing things 'the right way' was getting us nowhere (on or off the pitch).

To me I see someone who can get transfers over the line. Lets not forget the bungs scandal with Graham and I'm sure Dein was far from innocent too. I see Kia as being our new Dein and we haven't competed properly in the transfermarket or on the pitch since Dein left the club.

You can't compete in the transfer market when you have no money, which we didn't during '03-'13.

- Graham was sacked for the scandal.
- We have a net spend of £6m from '03 until '13 because we didn't have the money to spend, not because we didn't want to spend.
- We got Nasri, Arshavin, Ozil, Cazorla, Koscielny, Mertesacker, Podolski, Giroud, Monreal, Alexis, etc. after Dein left.
- Dein wasn't signing French and Spanish stars before Wenger either.
- Kia getting deals done is as legit as Donald Trump writing The Art of the Deal. Our transfers since Gazidis left:

Suarez (loan)
Luiz (Kia)
Pepe
Tierney
Ceballos (loan)
Martinelli
Soares (Kia)
Mari
Willian (Kia)

What's so earth-shattering about getting a mid-table full back, a 30+ CB who's past his best, and another 30+ winger who has never been world class in his career?

It's not like Kia is helping us sign world beaters. We're basically looking at players who are past their best.

The right way allows Kia and Raul to blow our cash reserves (emergency funds) that Wenger helped accumulate. The right way ensures that Arsenal keep running sustainably even in times or crisis, which clearly, this team is undermining for its own vested interests. The right way means that Arsenal are the only club where the owner has put zero money from his own pocket, yet still finished in the top-4 and still wins trophies.

The right way would be for the sole owner of Arsenal to invest his money into the club and contribute in the employment of Arsenal employees who earn pittance in contrast to the revenue this club generates on the back of those hard-working professionals.

The right way would be to expand our scouting networks instead of limiting it and handing all the keys of recruitment and transfers to a shady, money-laundering "agent."

[greengoonerie]

So, with apparent anger, fury and disgust appearing to be the main emotions among the Arsenal community on foot of the 55 redundancies announced, what are YOU (the person) going to do to express your dissatisfaction with Arsenal on this?

1. Post here and do nothing else
2. use other social media to express outrage but do nothing else
3. post messages to official club outlets to express your outrage
4. email the club/owners/manager to show your dissatisfaction
5. write to the club/owners/manager to express your dissatisfaction
6. do nothing because "they won't listen to me anyway"
7. any other ideas

Seriously, if you say nothing, nothing will be done. If you express your dissatisfaction, it will at least demonstrate to Arsenal that they've made a huge mistake.

[Arsenal Tone]

It appears that these people are hell-bent on excluding Wenger players and professionals who were here during his time.

Good!

[jayramfootball]

If this latest announcement about redundancies is all about purging everything to do with Wenger from the club, then it is something that I support.
We have to eradicate the culture he created completely.

[alexafc12]

Ornstein saying lots of player furious 55 staff are being sacked. Took salary hits on the understanding this would not happen.

Ozil vindicated ?

https://theathletic.com/1977120/2020/08 ... -betrayed/

[Sims]

Senior scouts who operated in France, Belgium, Spain, Italy & Germany also been made redundant

[Phil71]

My guess is most of them will be in the retail part.

There's no doubt there will have been a natural downturn in footfall due to online shopping, and with Covid19 the shops will have done no business at all - and are unlikely to do much for the foreseeable future.

[Salibatelli]

As much as I sympathise with the players, 12.5% (reduced to 7.5% after qualifying for the EL) was peanuts and they would have barely noticed it.

For me the pay cut was for the fact they were sitting at home earning huge fortunes but doing nothing for it.

Barca players agreed to take a 70% pay cut which is obviously a significant amount more.

[jayramfootball]

Ornstein saying lots of player furious 55 staff are being sacked. Took salary hits on the understanding this would not happen.

Ozil vindicated ?

https://theathletic.com/1977120/2020/08 ... -betrayed/

It's quite simple - any player voicing concerns for how the club does it's business should be told to shut up or find another club.

[theHotHead]

The anti-thesis of Wenger's Arsenal maybe. All this doing things 'the right way' was getting us nowhere (on or off the pitch).

To me I see someone who can get transfers over the line. Lets not forget the bungs scandal with Graham and I'm sure Dein was far from innocent too. I see Kia as being our new Dein and we haven't competed properly in the transfermarket or on the pitch since Dein left the club.

You can't compete in the transfer market when you have no money, which we didn't during '03-'13.

- Graham was sacked for the scandal.
- We have a net spend of £6m from '03 until '13 because we didn't have the money to spend, not because we didn't want to spend.

Angelito, I'm not having this, the argument that we had no money to spend cuts no ice, especially when our wage bill kept rising. the problem with Arsenal was we didn't do good business, not that we had no money to spend. Lets look at how much we spent and what we gave away (not even going to include money we did make from player sales)!!

Money to spend
03/04 - £27m, 04/05 - £11.23m, 05/06 - £41.4m, 06/07 - £13.5m, 07/08 - £27.86m, 08/09 - £36.14m, 09/10 - £10.8m, 10/11 - £20.7m, 11/12 - £58.93m, 12/13 - £50.4m, 13/14 - £44.33m. During that time we picked up players like Ozil, Cazorla, Podolski, Mertesacker, Koscielny, Arshavin, Nasri, Sagna, Rosicky, Hleb, Adebayor, RVP, Reyes, Lehmann, Fabregas and Clichy. The most expensive player in the list is Ozil, at a whopping £42.5m. Anyone like to guess what our next highest purchase was ? £18m for Reyes. This tells us that we picked up plenty of good players at very good prices, we didn't need to break the bank. The problem is 3 fold, when you examine the money we spent on some players:

£12.5m on Oxo, £10.8m on Gervinho, £10.8m on Arteta, £6.3m on Santos, £5.85m on Chu Young Park, £5.85m on Squillaci, £10.8m on Vermaelen, £4.5m on Denilson, £10m on Walcott, £4.5m on Almunia (when RVP cost £4m in the same season!!), for example. The second issue is, during that time, we released lots of good players but got f**k all for them:

Van Bronkhurst (to Barca), Wiltord, Kanu, Pires, Sol Campbell, Arshavin to name a few, not to mention players we sold far too cheaply (Vieira to Juve for £18m!!). The 3rd issue is specifically not taking advantage of the free transfer system. Look at the players we got on free transfers FFS:

Sanogo, Flamini, Chamakh, Poom - yet we gave away the players I just listed above and a whole lot more for free.

We were not paupers during that time, we spent money, our wage bill rose like everyone else's, we just made too many bad decisions. For the players we were buying our wage bill should have fallen and, the cash reserves increasing year on year tells you we had money to spend, we just chose not to spend it.

[hs6bx]

I suppose this is another reminder of the fact that football clubs are businesses, as much as we dislike it. Like many other clubs, we have a shrewd business owner and he’s in it for the returns. I wonder whether this will be the first of a number of clubs to make redundancies? It’s happening across all industries so it shouldn’t necessarily be a surprise.

[Arsenal Tone]

Great post Hot Head. Was going to post something similar but couldn't be bothered to do the research.

[Dejan]

The anti-thesis of Wenger's Arsenal maybe. All this doing things 'the right way' was getting us nowhere (on or off the pitch).

To me I see someone who can get transfers over the line. Lets not forget the bungs scandal with Graham and I'm sure Dein was far from innocent too. I see Kia as being our new Dein and we haven't competed properly in the transfermarket or on the pitch since Dein left the club.

You can't compete in the transfer market when you have no money, which we didn't during '03-'13.

- Graham was sacked for the scandal.
- We have a net spend of £6m from '03 until '13 because we didn't have the money to spend, not because we didn't want to spend.

Angelito, I'm not having this, the argument that we had no money to spend cuts no ice, especially when our wage bill kept rising. the problem with Arsenal was we didn't do good business, not that we had no money to spend. Lets look at how much we spent and what we gave away (not even going to include money we did make from player sales)!!

Money to spend
03/04 - £27m, 04/05 - £11.23m, 05/06 - £41.4m, 06/07 - £13.5m, 07/08 - £27.86m, 08/09 - £36.14m, 09/10 - £10.8m, 10/11 - £20.7m, 11/12 - £58.93m, 12/13 - £50.4m, 13/14 - £44.33m. During that time we picked up players like Ozil, Cazorla, Podolski, Mertesacker, Koscielny, Arshavin, Nasri, Sagna, Rosicky, Hleb, Adebayor, RVP, Reyes, Lehmann, Fabregas and Clichy. The most expensive player in the list is Ozil, at a whopping £42.5m. Anyone like to guess what our next highest purchase was ? £18m for Reyes. This tells us that we picked up plenty of good players at very good prices, we didn't need to break the bank. The problem is 3 fold, when you examine the money we spent on some players:

£12.5m on Oxo, £10.8m on Gervinho, £10.8m on Arteta, £6.3m on Santos, £5.85m on Chu Young Park, £5.85m on Squillaci, £10.8m on Vermaelen, £4.5m on Denilson, £10m on Walcott, £4.5m on Almunia (when RVP cost £4m in the same season!!), for example. The second issue is, during that time, we released lots of good players but got f**k all for them:

Van Bronkhurst (to Barca), Wiltord, Kanu, Pires, Sol Campbell, Arshavin to name a few, not to mention players we sold far too cheaply (Vieira to Juve for £18m!!). The 3rd issue is specifically not taking advantage of the free transfer system. Look at the players we got on free transfers FFS:

Sanogo, Flamini, Chamakh, Poom - yet we gave away the players I just listed above and a whole lot more for free.

We were not paupers during that time, we spent money, our wage bill rose like everyone else's, we just made too many bad decisions. For the players we were buying our wage bill should have fallen and, the cash reserves increasing year on year tells you we had money to spend, we just chose not to spend it.

Jep good post.

It still annoys me till this day that we let cesc go for so cheap.

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[Ach]

Blame our beloved Wenger for that

To actually go to the board and tell them to lower asking price for Cesc was disgraceful

Should've been sacked