by StLGooner » Thu May 30, 2019 1:35 pm
by Arsenal Tone » Thu May 30, 2019 1:55 pm
by alexafc12 » Thu May 30, 2019 7:13 pm
by PairyGrows » Thu May 30, 2019 7:54 pm
alexafc12 wrote:2017 £ 45m net profit
2018 - £ 70m net profit
2019 - New kit deal, multiple high earners (Wenger, Mertesacker, Cech, Ramsey Welbeck) left / leaving.
We have more than £40M to spend.
by EliteKiller » Fri May 31, 2019 1:21 am
by PairyGrows » Fri May 31, 2019 5:29 am
by BrunelGooner » Wed Jun 12, 2019 11:15 am
by EliteKiller » Wed Jun 12, 2019 12:17 pm
BrunelGooner wrote:https://www.arsenaltrust.org/feed/afc-finances/2019/-SimonHillfinancialanalysis
I'm just going to paste the conclusion for those who can't be bothered/don't have time to go through the intricacies of the details.
Summary:
Arsenal are cash strapped, boxed in by FFP and saddled with existing debt obligations of £200m that would cost £250m to refinance early. Their rival clubs have much more free cash flow to invest in transfers and salaries and arguably start with stronger squads so it is going to be an uphill struggle to narrow the gap.
Meanwhile it is hard to see much capacity for KSE to justify extracting cash short term (dividends or management fees) at least until the existing debts are refinanced and the losses stemmed. I hope the AST will be keeping a close eye on what happens here.
When Usmanov owned 30% of Arsenal he proposed a rights issue (July 2009) to raise £150m to off some of the existing debts and improve cash flow for player investment but KSE said no and so unlike other clubs like Chelsea, City and Liverpool who invested in their grounds with owner finance or equity to support the cost, Arsenal will remain burdened by these debt related cash outflows (£20m per annum) for the next 12 years whilst trying to stem these losses and bridge the gap on their immediate competitors.
The importance of Champions League qualification is evident.
by theHotHead » Wed Jun 12, 2019 1:06 pm
by EliteKiller » Wed Jun 12, 2019 1:28 pm
theHotHead wrote:Don't try it EK. History has showed that our limited runs in the CL yield approx £20m more than our runs in the EL.
by PairyGrows » Wed Jun 12, 2019 5:42 pm
by CynicalGooner » Wed Jun 12, 2019 6:17 pm
theHotHead wrote:Don't try it EK. History has showed that our limited runs in the CL yield approx £20m more than our runs in the EL.
by theHotHead » Wed Jun 12, 2019 8:43 pm
by gooney » Wed Jun 12, 2019 8:48 pm