No matter how many times it is explained to some people, they prefer the vague notion they have rather than the truth. The stadium debt is no more than £14m a year. It is stated in the yearly accounts and can be accessed easily from the records. £14m non negotiable for I think 30 years. So that is essentially less than 2 Wenger salaries or Diaby, Arteta and Flamini for 1 year, 3 players that had contributed zilch to the club, this year. The stadium has NOT held us back. It seems logical but is not true in fiscal terms.
To help Ive posted the ;ink below from AST
http://arsenaltrust.org/news/latest-...-year-finances.
Our problem is bad negotiation, Contrast our stadium with that of Bayern, who built theirs after us and paid it off within 9 years. They could, because they had favourable terms, could dictate to the bankers rather than the other way round. Simply because they are Bayerrn and we are some pokey little club from north London. While Bayern were paying off their loans early they were winning leagues and CL why because winning gives you greater spending power and clout, expands your fanbase. Contrast that with us, living off the glory of the 98-2004 years. We at Arsenal, we think small and remain small. We believe we couldn't move stadium and win anything and so it transpired.
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