Originally Posted by
LDG
Yes, there is a cash surplus of circa 50mil. And the "potential" 35mil profit on Queesland Terrace.
But;
i)
50k a week eh. Lollers.
ii)
Stop reading the headlines for starters.
They are trying to assertain whether there are/were funds, or is the club being cautious, in the event that we don't qualify for the ECL.
Of more concern, and where Wenger is being criticised, is the wage bill. And rightly so. Why have we been paying shit players so much money is the argument.
Should Wenger be held to account for his "advice" regarding the rights issue? Sorry, but he can't tell them to rebuy their sodding shares. He may have advised it was not necessary, owing to the fact that we had Cesc, Nasri and plenty of other decent players who SHOULD have won us the league. Notwithstanding the fact that he has a duty to the club, and the board (his employers), and if he advised "yes, buy your shares back to give me money" and it fucked them over, he would be crucified. Not buy the fans, but by his own employers.Wenger has failed to motivate his squad. He has, in some cases, been guilty of believing too much in some players. And he has perhaps taken a gamble on occassion, when he could have spent a little money bringing in a couple of sensible additions (assuming there was any money in the first place).
The financial position of this club is far more complicated that "he has 50 million to spend" and I wish people would read things properly.