Hate our owners? it gets worse!! board forced Adebayor out

[g88ner]

I'll try again...

1. Ade & Toure were sold for £40m over the summer.

2. Wenger has said recently that he had £30m to spend this summer.

So, there's a discrepancy of £10m between what was made from player sales, and what was allocated for the transfer kitty.

This would suggest (as has been the case for several years now) that we need - or would like to - balance the books each year i.e. make a profit on transfers, or make a small loss, at the very least.

This kind of backs up what Ade said, without contradicting Wenger.

So, Ade was probably right... selling him for £25m was probably the clubs decision, as the money could be used to pay for Vermaelen, balance the books, and even leave money left over for another possible signing and/or to help towards the clubs debts.

[Chippy]

You've mixed 2 financial years together, and the board have pocketed nothing as they don't take dividends but apart from that a perfect post.

[g88ner]

You've mixed 2 financial years together, and the board have pocketed nothing as they don't take dividends but apart from that a perfect post.

I haven't mixed up 2 financial years, nor was a meaning dividends when I said the board were pocketing the money (again, I wasn't clear enough )

I'll try again...

1. Ade & Toure were sold for £40m over the summer.

2. Wenger has said recently that he had £30m to spend this summer.

So, there's a discrepancy of £10m between what was made from player sales, and what was allocated for the transfer kitty.

This would suggest (as has been the case for several years now) that we need - or would like to - balance the books each year, and even make a profit where possible.

This kind of backs up what Ade said, without contradicting Wenger.

So, Ade was probably right (although, his reasoning was slightly off)... selling him for £25m was probably the clubs decision (and, in some ways, out of necessity) as he was the only useless lump we had that was worth enough to pay for Vermaelen, balance the books, and even leave money left over for another possible signing and/or to help towards the clubs debts.

Question is, does Wenger choose to balance the books? or do we often make a profit on transfers each year because we have to?

[hadareud]

Do you honestly believe that Wenger or anyone else worth mentioning at the club would tell Adebayor that we needed the money from his sale, even if it were true?

Also, we bought Arshavin for 15 million this year btw.

Our reported profit also did not include the sales of Adebayor and Toure.

[MM99]

Question is, does Wenger choose to balance the books? or do we often make a profit on transfers each year because we have to?

correct me if im wrong, but wasnt it revealed, i think it was two seasons ago, that we had to sell one top player each season for approx. 10 years in order to balance the books? i cant quite remember who it was that said it, either it was wenger or one of the board members. all in all, it came from someone high up in arsenal, so this is no surprise to me at all. its not to say, however, that its not a brilliant move, the amount of money we got to offload a troublesome player was a great bit of business, and takes us one step closer to paying off the debts.

[digger]

correct me if im wrong, but wasnt it revealed, i think it was two seasons ago, that we had to sell one top player each season for approx. 10 years in order to balance the books? i cant quite remember who it was that said it, either it was wenger or one of the board members. all in all, it came from someone high up in arsenal, so this is no surprise to me at all. its not to say, however, that its not a brilliant move, the amount of money we got to offload a troublesome player was a great bit of business, and takes us one step closer to paying off the debts.

I'm pretty sure that was media speculation. There were no massive transfers out last summer (Flamini was a free, Hleb was replaced with a player around the same price), plus I think including Arshavin we had a net expenditure on transfers.

I think Wenger is just ruthless when it comes to transfers. And if anyone didn't know Adebayor was off a year ago needs their head examined

[bunch]

Funny thing about our finances is that of the top 4 we are held out in the media as being the most financially sound.

[Chippy]

All the info is in the financial report.

Although transfer activity in the summer window was limited I can assure supporters that this followed lengthy discussions with Arsène Wenger and reflected Arsène’s assessment of the player resources, both within the existing squad and available on the transfer market, rather than any necessity or financial constraint. Our two key acquisitions this year, Andrey Arshavin and Thomas Vermaelen, have proved very successful and Arsène has the resources to bring more players in, if he believes doing so will add to the quality which we already have in the squad.

Operating profits (before depreciation and player trading) in the football business were
£62.7 million (2008 ‐ £59.6 million).

The football side of the business made £39m after paying for the stadium costs. £23m of that from transfers.

The Board’s policy continues to be that all proceeds from player sale transactions are made available to Arsène Wenger for re‐investment back into the development of the team.

There was a whisker under £100m cash in the bank at the year end.

This is all up to 31st May 2009. Obviously Ade and Kolo went after this (a different financial year) and TV arrived.

Therefore AW had at least £23m to spend at 31st May, on top of that he had the profit from Kolo and Greedy, minus the cost of TV.

It is impossible to read our accounts and say the club is short of money. And the club did not have to sell him to balance the books. It is making a large profit before player transactions.

If any of you can find any evidence in the accounts that we need to sell to balance the books, I will run naked around the stadium at the Chavs game.

I know there is a belief amongst some that the sainted Wenger is doing a fantastic job despite the evil machinations of the devils in the board room, unfortunately the numbers do not bear this out.

[g88ner]

It is impossible to read our accounts and say the club is short of money. And the club did not have to sell him to balance the books. It is making a large profit before player transactions.

I agree, read the accounts and all seems reasonably ok, but that's not really my point.

My point is, that regardless of how financially healthy we are, we don't seem to use it on transfers, as we tend to only spend money that has been obtained from player sales, and not from other revenue streams that have put this club in a, so called, healthy position.

And again this summer... Ade & Toure were sold for £40m, yet only Vermaelen arrived for £10m. Even if you include Arshavin in that, we still made a healthy profit... and previous seasons ins/outs follow a similar trend.

So, you can push accounts and numbers in front of me Chippy, and even tell me that we don't need to sell before we buy, but in the real world, I think you'll find that whether we need to or not, balancing the transfer ins & outs is what Arsenal do.

Therefore, selling Ade might have been necessary in some ways, as he was the only expendable player who was worth enough to not only pay for Vermaelen, but perhaps even Arshavin, too.

Then we sold Toure, and that meant we made a profit and if not spent on transfers (which it wasn't) then it would disappear back into the club to make our healthy finances look even healthier.

All I'm really saying is that, in my mind, it's possible that Ade isn't lying through his teeth when he says the club sold him for financial reasons. He may be a little off with his reasoning, but that doesn't mean there isn't some truth behind it.

[LeftfootlegendGooner]

I think your missing the point here guys, all this money from transfers is being set aside to buy THE ONE world class player that finally finishes this extravagant (and sometimes impossible to fathom )puzzle....................................................................






Viera

[Chippy]

We bought Arshavin in 2008/9. In that year we made a profit of £23m on player transactions. So we did not need to sell any one to fund that. The accounts say that profits from player transactions are Wenger's to plough back in. He chooses not to. That £23m was available for the Vermaelen move, so again no need to sell anyone.

The club is making good profits and has £100m in the bank. No need to sell anyone.

The profit from Kolo and Greedy is sitting there waiting to be used. Why not use it? Last year we paid £10m in tax because we made such large profits. I for one will be gutted if we pay 20-25% of that money to the tax man next year cos we didn't spend it.

[g88ner]

The club is making good profits and has £100m in the bank. No need to sell anyone.

But we will. We did last summer, this summer, and we will again next summer.

Regardless of how financially healthy we are, we like to balance the transfer ins & outs. Selling Ade allowed us to do that.

So, it's possible, that even if Ade's reasoning was off.... he might not have lied about the club needing (or at least wanting) the money from his sale.

I should add that I'm not really sure why you've brought in the accounts to muddy the water. I'm not disputng the accounts, nor do I care which financial year players were bought/sold.... my point is one of a philosophy to balance the transfer ins/outs. Whether that's out of necessity or not, isn't the point.

[Chippy]

The club is making good profits and has £100m in the bank. No need to sell anyone.

But we will. We did last summer, this summer, and we will again next summer.

Regardless of how financially healthy we are, we like to balance the transfer ins & outs. Selling Ade allowed us to do that.

So, it's possible, that even if Ade's reasoning was off.... he might not have lied about the club needing (or at least wanting) the money from his sale.

G88ner, I must have drunk too much last night cos I cannot understand your argument. You say

we like to balance the transfer ins & outs. Selling Ade allowed us to do that.

Balance what with what. We had a £23m surplus from last year and only TVs transfer to "balance" against that. What is Ade's sale "balanced" against?

[g88ner]

Balance what with what. We had a £23m surplus from last year and only TVs transfer to "balance" against that. What is Ade's sale "balanced" against?

My point is being lost in a mountain of figures and accounts, when it's really very simple.

Lets try this another way...

You are telling me that we had a surplus of £23m from last year, and only TV to balance that. So, then surely when the sales of Ade & Toure (£40m) are added to that "surplus" you end up with a HUGE transfer kitty?

Yet, only weeks ago, Wenger admitted he had £30m to spend this summer, and only spent £10m of that on TV.

So where has the surplus gone?

Back into the club to make our healthy accounts look even healthier, most likely!

And next summer will be the same. No doubt the "surplus" next year will be bigger, and yet you can bet your life we'll STILL make more in player sales next year, than what we spend... and so the cylce continues.

So, my point (all along) is that whether it's out of necessity or simply a philosophy, we don't like bringing a player in, without selling one for a similar amount, or more.

Hence, Ade might not have been lying through his teeth.

[DB10GOONER]

Balance what with what. We had a £23m surplus from last year and only TVs transfer to "balance" against that. What is Ade's sale "balanced" against?

My point is being lost in a mountain of figures and accounts, when it's really very simple.

Lets try this another way...

You are telling me that we had a surplus of £23m from last year, and only TV to balance that. So, then surely when the sales of Ade & Toure (£40m) are added to that "surplus" you end up with a HUGE transfer kitty?

Yet, only weeks ago, Wenger admitted he had £30m to spend this summer, and only spent £10m of that on TV.

So where has the surplus gone?

Back into the club to make our healthy accounts look even healthier, most likely!

And next summer will be the same. No doubt the "surplus" next year will be bigger, and yet you can bet your life we'll STILL make more in player sales next year, than what we spend... and so the cylce continues.

So, my point (all along) is that whether it's out of necessity or simply a philosophy, we don't like bringing a player in, without selling one for a similar amount, or more.

Hence, Ade might not have been lying through his teeth.

Let's try not repeating all that shite again, g88ner...


Only kidding, mate!