Summary from AST meeting

[Kano]

Nigel Philips, the AST's finance guru

- We sell to buy in the next three years unless we pay more for our tickets and/or perform better in the league or Champions League (finish higher/go further) because of our commercial deals aren't of the level of MUFC.
- Failing to qualify for the group stages of the Champions League could cost the club £25m.
- The Transfer Proceeds Account has roughly £30m in it and this has to be spent on signing new players and uplifting the contracts of current members of the squad.
- If we sold some of the younger players who aren't going to make it at the club, we'd be able to spend our cash better.
- Arsenal's wages are spread throughout the squad and there aren't the incentives for younger players to try to get a higher wage through performance as there are at other clubs.
- Arsenal pay Aaron Ramsey three times as much MUFC offered him. They offered him a junior contract but AFC offered him a first team player's contract on day one.
- Season tickets for next season are sold out.
- Just year one in four people took up the option of a season ticket offered to them from the waiting list.
- Club Level sold out early June.
- Queensland Road property deal has been completed and will raise the club £25m.
- Red & White are 400 shares short of 30%. There are only 2,800 shares not owned by Kroenke or R&W.
- If R&W reach 30% they can have access to the books and can reveal details about player's contracts, wages, club cost etc.
- Arsenal no longer have a board. Members of the current board - apart from Kroenke - have no more share holdings than members of the AST and Fanshare.
- Current board are understood to have a committment from KSE to keep their positions for a year following the takeover.
- Gazidis was interviewed by Wenger for his job. Doesn't have the same dynamic as other PL CEOs with their manager.
- The threat from the American owners is to lose relegation.
- Emirates Cup is unsustainable and it will probably be the last one this season.
- Asia Tour will be making the club a small profit.

The board of Arsenal Fanshare stopped purchasing shares during the takeover period but now have found some supporters who are willing to see to Fanshare rather than take the cash of Usmanov or Kroenke.

Apparently we only have £30 in something called a Transfer Proceeds Account. Tim Payton adds:

Speaking at last night's Arsenal Supporters Trust meeting, Payton said:

"You've got a manager where the short term matters like it never used to. So he might be just focused on the strongest squad he's got for next year.

"If Arsenal let Nasri sit there for one more year on that contract without signing a new one as the manager indicated he was fine with today, that's actually like paying Nasri £20m to play his last year.

"When he leaves for the bigger contract at the end of the year, that's inevitible, you need that kind of money to get that level of replacement in.

"So you could actually say that Nasri staying, that the TPA used up this year. You won't see any other signings coming in.

"That's the kind of constant thing Ivan (Gazidis) is having to weigh up. And at times at most football clubs board would be against manager.

"Do you think Harry Redknapp thinks about the long term future of Tottenham? All he thinks about is now, now, now.

"For a long time Arsene Wenger - some people might say - has become too much like a director, thinking always about the long term spending. But he's under a different pressure now.

"Is his desire to keep Nasri for one more year driven by the fact he knows how important that year is for him?"

[KSE Comedy Club]

So we were all lied to then.

What a surprise.

[LDG]

Well that's fucking depressing

[KSE Comedy Club]

Well if they have raised £25m from the queensland road development, then that should be added to the transfer fund.

But it wont be.

Also, how the fuck have we only got £30m for transfers???? Its a fucking joke.

[Özim]

Well if they have raised £25m from the queensland road development, then that should be added to the transfer fund.

But it wont be.

Also, how the fuck have we only got £30m for transfers???? Its a fucking joke.

I dunno what they've been up to to be honest, but this stadium project is hardly what is was portrayed to be is it?

I honestly don't get it, not only are we not that great on the pitch, but it seems off the pitch it's not that great either.....and that's what we sacrificed the on the pitch side for.

We seemed to have more money in the days of Highbury.

We should trim the squad right down, there's plenty of players who aren't good enough and we could easily create some funds that way, we've got a big squad but it's there's too much dead wood.

[Fist of Lehmann]

£30m.

For signing new players and uplifting contracts.

FFS.

If Diaby gets another random pay rise I'm killing someone.

[selassie]

Well if they have raised £25m from the queensland road development, then that should be added to the transfer fund.

But it wont be.

Also, how the fuck have we only got £30m for transfers???? Its a fucking joke.

You know what, I think the whole financial situation at Arsenal is made out to be a lot more complicated than it really is. We make millions on Matchday, where on earth is that money going? We make millions out of players sales/merchandise etc?

Sure we have outgoings & debts but I don't believe for one minute the financial situation is half as bad as made out.

We have 30million available for transfers & contract renegotiations because that's all the board are willing to release, it's as simple as that. I don't believe for one minute we couldn't release more funds, it's ridiculous to think otherwise.

[budesonide]

so much for doing things the right way!

the figures don't even make any sense for a 'company' apparently running an austerity model.

what the fuc*k has wenger and the board been doing the past 6 years? Dein was right after all then? The model they adopted was unsustainable and impractically stupid!

So much for careful planning when ramsey is on 1st team salary at a so-called top club!

[Letters]

I dunno what they've been up to to be honest, but this stadium project is hardly what is was portrayed to be is it?

Long term it will be. You didn't really expect us to be paying off a mortgage that size in 6 years did you?
I'm not sure it's true to say we had more money in the days of Highbury, it's just that wages and transfer fees had got less silly and you didn't have the billionaire owners sticking their beak in and inflating things even more.

We should trim the squad right down, there's plenty of players who aren't good enough and we could easily create some funds that way, we've got a big squad but it's there's too much dead wood.

Agree with that, although these days to stay near the top of the game (and whatever you think we are still near the top) you do need a big squad. But we could certainly do with losing some of the dead wood.

[selassie]

so much for doing things the right way!

the figures don't even make any sense for a 'company' apparently running an austerity model.

what the fuc*k has wenger and the board been doing the past 6 years? Dein was right after all then? The model they adopted was unsustainable and impractically stupid!

So much for careful planning when ramsey is on 1st team salary at a so-called top club!

The footballing model i.e. transfer policy, contract renegotation policy etc is based on flawed ideology, nothing more, nothing less.