Quote Originally Posted by Herbert_Chapman's_Zombie View Post
We posted a loss at the end of last year, and the sponsorship deals will net us 30-50 million more a season, that barely covers the cost of one player with a transfer value of 10 million when you take wages into consideration. Like I said Chelsea and Liverpool probably have twice the amount of back room staff as we do, do you honestly think a cretin like Brendan Rodgers could bring about the changes in Liverpools fortunes single handedly?.
We posted a loss last year on our P&L accounts - so did virtually every other big team in Europe if you want to take player spend into the equation. Arsenal's cash reserves are bigger than those of most of the other premier league teams put together. When you buy a £30 mill player you will immediately see revenue in the form of shirt sales, increase in season tickets etc but the player becomes a £30 mill asset which can either appreciate or depreciate. It increases the value of the company & can be used as a means to borrow ( should we need to ), just like any other business.
Our biggest overheads are our wages - approx £150 mill per year + stadium repayments = £19 mill per year. Our turnover last year I think was approx £250 mill. That turnover doesn't include our new kit & other sponsors. I'll let you do the maths, but bearing in mind this has been happening for years ( since 2002 ) & Wenger has managed to spend just as much as he has sold in that time, you should see why we aren't & haven't been short of money - its all a fabrication which enables Wenger to repeatedly try & show us how he can win the league with his basement buys - Arsenal fans paying the highest ticket prices in Europe to allow Wenger to fuck us over year after year with the blessing of the board.