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My understanding of the whole story is when Wenger, Dein and rest of board signed up for the stadium they all agreed on not being able to spend for a few seasons, relying heavily on developing youngsters and limited top salaries. We achieved our primary goal of increasing the income from gate fees, how ever to fund the project they got into not so great commercial deals which were while not being high value was structured favorably. Unfortunately what happened next was the advent of Chelsea and a a steep increase in revenues of clubs like Real, Barca and Mancs. A lot of clubs started developing strong international scouting networks as well (not a strong point of English clubs before). The original plan could have been a few years of transition and then returning back to winning some trophies if not world domination. The unexpected events mentioned earlier coupled our inability to increase revenues meant that we not being able to compete with other top teams in terms of wages, gradually dawning on every one that we will develop great players but struggle to hold on to them. This i think is the point of disagreement that Dein had with the board, Dein wanting to get in investors who could help us through. Wenger is from what i gather on the Dein boat. Looks like he wanted t re-jig the whole team retaining only the top players, while the re-jig and and introduction/promotion of some young players worked what didn't work is retaining some Cesc and Nasri. Extending Cesc was always futile he did try for a gentle mans agreement for one season. The real disappointment for Wenger could have been losing out on Nasri and then losing out on Mata(again realiable people claiming we were in for him) due to wages. While we may have budgets to spend 20 to 25 mil on player fee we don't have budgets for huge salary. Despite of this we are still 4th or 5th on the highest salary league, largely as every one knows due to the relatively high average salaries that we play, again a problem when you see that a lot of performers were below average. The AGM has not provided any info in changing any of that. In hind sight we could all point at mistakes that could have been corrected, but i think i will take what has happened in the past 7 years including the lack of trophies.Its not an easy job building a new stadium(as others are finding out) and i think we have done an admirable job. What i'am worried about is in 2014 when we will improve our commercial revenues there is no saying what could happen to the other clubs for all that we know they could improve it further. The expectation on FFP bailing us out is misplaced. We know how Shitty has chosen to interpret it. Wenger has already made a public statement saying UEFA will struggle to enforce this (more of message to our board than anyone else). Footballisticly i would love to see honest, committed performances from the team which i think this squad will give as opposed to some other teams in the past which were supposedly high on quality.
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