The Bitter Truth?

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Originally Posted by Özim

Looks like we're going to have no choice, it was the only place where we could compete.

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LOL - you must have missed a few decades then.

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Originally Posted by Niall_Quinn

LOL - you must have missed a few decades then.

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Did people bitch about not being able to compete because of money in the 60's too then?

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Originally Posted by Herbert_Chapman's_Zombie

Why are you bringing the Emirates move into it? 20million a season isn't the reason why we are poor its players wages, we weren't sustainable at Highbury all the time Danny Fiszman dipped into his pockets so we could afford players like Overmars, Petit etc.
Wages have been an issue for twenty years or more, even back then the sport was not sustainable as a business, but since the oligarchs came in wages have skyrocketed three times over in ten years. Henry was on 60-70k in 2004 now a comparable player is on 250k a week

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http://www.sporteology.com/top-10-ri...-in-the-world/

We moved to Emirates to make us suistainable so we could compete with the richest clubs in the world. That is what we were told and given the figures re: gate receipts etc why should we not believe that?

We as a club make a lot of money, of course we have big outgoings but to suggest we are poor is nothing short of ridiculous...

I don't even know where you are getting your figures from....

Well how routinely do clubs that are not bankrolled/super rich win the premier league or champions league?. I would say that when it doesn't happen it's more of an anomaly. If you think we can compete in terms of squad depth with a club like Chelsea that can as a matter of course being 20million valued players off the bench than your deluded and a better manager than Wenger won't change that.

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Originally Posted by selassie

http://www.sporteology.com/top-10-ri...-in-the-world/

We moved to Emirates to make us suistainable so we could compete with the richest clubs in the world. That is what we were told and given the figures re: gate receipts etc why should we not believe that?

We as a club make a lot of money, of course we have big outgoings but to suggest we are poor is nothing short of ridiculous...

I don't even know where you are getting your figures from....

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Again posting profits isn't about being rich, it's saying that we can sustain ourselves financially but we cannot compete with clubs at the top that don't run like a business like Chelsea, city and Liverpool.

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Originally Posted by Herbert_Chapman's_Zombie

Again posting profits isn't about being rich, it's saying that we can sustain ourselves financially but we cannot compete with clubs at the top that don't run like a business like Chelsea, city and Liverpool.

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So what are you suggesting we just sit on millions of pounds just to prove we are self-sustainable? We are a football club Herbert, we are in the entertainment business, a business where winning is rewarded.

I am not suggesting we spend like Chelsea or City, I am suggesting that our current manager makes more of his resources, if he can't then he should move on and we should hire someone that will.

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Originally Posted by selassie

So what are you suggesting we just sit on millions of pounds just to prove we are self-sustainable? We are a football club Herbert, we are in the entertainment business, a business where winning is rewarded.

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As I have explained that money has probably been spent, and even if I'm wrong about it being used to sign Ozil (and that would make sense) than the money will be needed to help pay our players next season if we don't finish in the champions league.
And as I've pointed out that figure is not a vast angling of money it can buy you one decent player and that's my point

Gents Business 101. You never pay salaries from your savings. Its non sustainable. Salaries are considered recurrent expenditure and will be paid from annual income such as matchday revenue and other commercial income

HCZ s proposal that we saved up 120m over 5 years just to pay Ozils wages is not the way businesses are run. Yes you could buy a player from your savings as that could be considered an investment but again you would prefer to include it in your expenses, for accounting reasons, especially if the payments are instalments.

We have 120m and yet to hear some people on this forum it makes as a poor outfit. That is more than almost all the other EPL clubs combined, If we are in dire straits then everybody else must be functionally bankrupt. A football club does not need to make a profit, unless either it wishes to satisfy shareholders or it is investing in something...eg a stadium. We have not declared a dividend in years so no shareholder has taken a dime out of the club except maybe sitting fees for directors. In a publicly listed company you cant just do what you want even if you own 67% of the shares like Kroenke does

The facts are available. Just visit AST instead of posting hooey

Clubs like Chelsea can spend billions on their squad and wages and with that stratospheric obscene amount of money, there is no amount of money as a club you can bring in to generate that money to offset that spending. If we can just about afford someone like Ozil after stock piling for years and Chelsea can buy five similar type players without raising an eyebrow it tells you we are pissing into the wind even trying to compete and run as a business

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Originally Posted by Herbert_Chapman's_Zombie

As I have explained that money has probably been spent, and even if I'm wrong about it being used to sign Ozil (and that would make sense) than the money will be needed to help pay our players next season if we don't finish in the champions league.
And as I've pointed out that figure is not a vast angling of money it can buy you one decent player and that's my point

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Your point doesn't make sense though, You are factoring in our wealth on a 120million surplus fund, you do realise our club generates income every single day?