Also the 70 million isn't being invested very wisely, it's the same every season but what about the interest?
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Also the 70 million isn't being invested very wisely, it's the same every season but what about the interest?
Well technically Arsene does spend it all, he tends to renegotiate the players contracts after searching high and low all summer for "star quality" at bargain basement prices.
I still don't get why our wages/contract renegotiations are factored into the transfer kitty...seem a bit strange to me but what do I know.
P.S. Yeah...I get your point re: interest, especially as we are told it's been sitting in the bank since last summer!!!
That £70m has probably earned £200k interest in a year....
0.25% rounded up a bit.
Unless you're prepared to lock away the money or put it in a foreign bank then I'd imagine that's what you'd get.
I could of course be completely wrong!
Apparently we have over £70mill invested in government bonds. Crooks funding crooks for a return generated from scalping the taxpayer - that's after being scalped in the first place for the tickets or subscriptions.
Aye - the club's ethos has definitely changed - and in the same way that I don't trust Wenger to win things even if he buys players, I don't trust the club to develop a proper winning mentality even if Wenger goes.
IMO if we had strived as much as the Spuds in recent years, with our pedigree/resources, we would have won stuff.