Yeah, but it doesn't get used much anymore!!!goonersid wrote:We have a trophy cabinetI Hate Hleb wrote:And think of all the money we've saved on cleaning the trophy cabinet!!
ARSENAL ANNOUNCED HALF YEAR PROFITS
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I Hate Hleb
- Posts: 18632
- Joined: Wed May 16, 2007 3:36 pm
- Location: London
I Hate Hleb wrote:Yeah, but it doesn't get used much anymore!!!goonersid wrote:We have a trophy cabinetI Hate Hleb wrote:And think of all the money we've saved on cleaning the trophy cabinet!!
Never mind cos some of our more knowledgeable buddies on here believe that manure and the chavs will go into administration and then we will be ok again
a good read here.
http://le-grove.co.uk/2010/02/26/gazidi ... ting-plan/
Gazidis exposed as a con artist as financials reveal disgusting plan…
Arsenal just released their latest financials so Geoff and I have put a few comments together about our initial thoughts on what we’ve been presented.
Key points and questions:
We’re £200million in debt. £130million less than last year.
What happened to the sponsorship money we received up front? £100million from the Emirates + whatever Nike provided.
How come the property sales haven’t covered off more of the debt? £95mill to develop, we’ve recouped £200+ million so far with a further 130 odd flats to go.
What happened to our television money? We earn £50million+ from the EPL and the Champions league.
What has happened to the transfer budget we never spend? We’re in the black for the last 5 years.
Pleading poverty when you can comfortably increase the wage bill by £17million seems a little outrageous. This is before Cesc has signed a new deal, so expect it to increase further despite no additional achievement (You know, trophies). This increase is despite losing Adebayor (80k p/w) and Kolo Toure (50k p/w).
The player sales of Adebayor and Kolo appear to be key to keeping us in profit, despite the fact we lumped £130million off the debt. Will are use this as a stick to beat the fans who want us to spend money?
Arsenal make £3million a game of of you, the fan but don’t want to give anything back for your investment.
Conclusion:
The club are being frugal to pay off the debt quicker, but why? We have a 17 year mortgage don’t we?
Is it to be able to invest in the world class player that are currently out of our reach or is it to make the club more attractive to sell to an investor who will immediately plunge the club into debt and put us in a Manchester United/Liverpool situation.
If it’s the latter, like Geoff and I have predicted for a while… are you still happy?
More to the point, what is the MO of Gazidis? Is it to make us a world class club or is it to clear the debt for the owner in waiting, Stan Kroenke. I wonder what the bonus scheme looks like for our master of marketing and man of the people?
Is he the trojan horse, has he been employed to use our money to fatten the wallet of a billionaire? Is this the reason Stan hasn’t taken his holding to 30% becuase he doesn’t want to buy the club till it is debt free? No wonder he doesn’t answer questions at the AGM…
Will the fan base wake up and smell the coffee now? Are the debt buster brigade still pleased to see fan money go towards making a hideously wealthy cowboy even richer?
We’re being conned and it makes me sick to the pit of my stomach.
Geoff + Pedro
http://le-grove.co.uk/2010/02/26/gazidi ... ting-plan/
Gazidis exposed as a con artist as financials reveal disgusting plan…
Arsenal just released their latest financials so Geoff and I have put a few comments together about our initial thoughts on what we’ve been presented.
Key points and questions:
We’re £200million in debt. £130million less than last year.
What happened to the sponsorship money we received up front? £100million from the Emirates + whatever Nike provided.
How come the property sales haven’t covered off more of the debt? £95mill to develop, we’ve recouped £200+ million so far with a further 130 odd flats to go.
What happened to our television money? We earn £50million+ from the EPL and the Champions league.
What has happened to the transfer budget we never spend? We’re in the black for the last 5 years.
Pleading poverty when you can comfortably increase the wage bill by £17million seems a little outrageous. This is before Cesc has signed a new deal, so expect it to increase further despite no additional achievement (You know, trophies). This increase is despite losing Adebayor (80k p/w) and Kolo Toure (50k p/w).
The player sales of Adebayor and Kolo appear to be key to keeping us in profit, despite the fact we lumped £130million off the debt. Will are use this as a stick to beat the fans who want us to spend money?
Arsenal make £3million a game of of you, the fan but don’t want to give anything back for your investment.
Conclusion:
The club are being frugal to pay off the debt quicker, but why? We have a 17 year mortgage don’t we?
Is it to be able to invest in the world class player that are currently out of our reach or is it to make the club more attractive to sell to an investor who will immediately plunge the club into debt and put us in a Manchester United/Liverpool situation.
If it’s the latter, like Geoff and I have predicted for a while… are you still happy?
More to the point, what is the MO of Gazidis? Is it to make us a world class club or is it to clear the debt for the owner in waiting, Stan Kroenke. I wonder what the bonus scheme looks like for our master of marketing and man of the people?
Is he the trojan horse, has he been employed to use our money to fatten the wallet of a billionaire? Is this the reason Stan hasn’t taken his holding to 30% becuase he doesn’t want to buy the club till it is debt free? No wonder he doesn’t answer questions at the AGM…
Will the fan base wake up and smell the coffee now? Are the debt buster brigade still pleased to see fan money go towards making a hideously wealthy cowboy even richer?
We’re being conned and it makes me sick to the pit of my stomach.
Geoff + Pedro
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northbankbren
- Posts: 4709
- Joined: Mon Dec 11, 2006 2:47 pm
- Location: Im just behind the bloke sitting in front of me.
These set of results are great news for the club!!!!!
Over £130million payed off in 6 months this is brilliant news.
At the rate we’re going the debt could be payed off in less than two years which would be phenomenal.
I don’t understand why so many have been annoyed by this news, would you rather we’d made losses of £130m?
Yes we all want success on the pitch but we have to be realistic and work within our means. Which means patience, the money for signings will come, just not necessarily in the next two seasons.
I’d much rather wait and see us spend big when were spending profit, not going into the red to spend above the asking price, which is what you’ll always pay for big name player.
As regard to our rival catching up or sailing past us, this isn’t going to happen.
Look at the money Spurs, Villa and Citeh have spent in recent years and yet they don’t trouble us as regard to league standings. We are 9 points ahead of our nearest rivals and yet have spent almost nothing this season compared to the three below us.
The future is looking good for us Gooners.
Over £130million payed off in 6 months this is brilliant news.
At the rate we’re going the debt could be payed off in less than two years which would be phenomenal.
I don’t understand why so many have been annoyed by this news, would you rather we’d made losses of £130m?
Yes we all want success on the pitch but we have to be realistic and work within our means. Which means patience, the money for signings will come, just not necessarily in the next two seasons.
I’d much rather wait and see us spend big when were spending profit, not going into the red to spend above the asking price, which is what you’ll always pay for big name player.
As regard to our rival catching up or sailing past us, this isn’t going to happen.
Look at the money Spurs, Villa and Citeh have spent in recent years and yet they don’t trouble us as regard to league standings. We are 9 points ahead of our nearest rivals and yet have spent almost nothing this season compared to the three below us.
The future is looking good for us Gooners.
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GunnerDude
- Posts: 3176
- Joined: Fri Feb 06, 2009 12:57 pm
- Location: Here with Christina Hendricks
Sales of 261 new apartments at Highbury Square - the north London club's former ground - raised £96.6m.
We only have 130 left, so say around another £50m, that still leaves £150m worth of debt.
"There has been remarkable progress at Highbury Square over the last 12 months and it is clear that the next couple of years will see our property activities delivering surplus cash.
£150m worth of surplus? Don't think so.
As the man said £40m of this debt wipe was from the sale of Adebayor/Toure, where's the next chunk coming from for a further reduction, Cesc?
Fail to see why gooners around the world today should be knocking one out.
We only have 130 left, so say around another £50m, that still leaves £150m worth of debt.
"There has been remarkable progress at Highbury Square over the last 12 months and it is clear that the next couple of years will see our property activities delivering surplus cash.
£150m worth of surplus? Don't think so.
As the man said £40m of this debt wipe was from the sale of Adebayor/Toure, where's the next chunk coming from for a further reduction, Cesc?
Fail to see why gooners around the world today should be knocking one out.
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Block91Broox
- Posts: 224
- Joined: Mon Oct 13, 2008 10:33 am
Geoff and Pedro, what a pile of *****.
Running a big club cost money..........and lots of it.
We are in a position now to spend big in the transfer market. We have a young team who are improving massively year on year.
With these financial results and the patience which the club has been run, mean Arsenal can be the next Liverpool-United and dominate club football for 15yrs and not just dip in and out like we have done for decades.
I'm talking real dominance, 3 titles in a row. European cups. The last 5 years would be worth that wouldn't it boys?
Running a big club cost money..........and lots of it.
We are in a position now to spend big in the transfer market. We have a young team who are improving massively year on year.
With these financial results and the patience which the club has been run, mean Arsenal can be the next Liverpool-United and dominate club football for 15yrs and not just dip in and out like we have done for decades.
I'm talking real dominance, 3 titles in a row. European cups. The last 5 years would be worth that wouldn't it boys?
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marcengels
- Posts: 7208
- Joined: Sat May 02, 2009 11:12 pm
- Location: North Bank
I told you all Arsene was hereBlock91Broox wrote:Geoff and Pedro, what a pile of *****.
Running a big club cost money..........and lots of it.
We are in a position now to spend big in the transfer market. We have a young team who are improving massively year on year.
With these financial results and the patience which the club has been run, mean Arsenal can be the next Liverpool-United and dominate club football for 15yrs and not just dip in and out like we have done for decades.
I'm talking real dominance, 3 titles in a row. European cups. The last 5 years would be worth that wouldn't it boys?
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I Hate Hleb
- Posts: 18632
- Joined: Wed May 16, 2007 3:36 pm
- Location: London
Yet at the same time he's saying clubs should look after the finances properly!!!GunnerDude wrote:Adrian Durham put it straight
End of season open top bus parade could go like this
Arsenal: Financial profit
Utd/Chavs: Trophies
Don't pay any attention to what that arsehole says as he'll use any opportunity to criticise Arsenal and Wenger. And before anyone asks what's the difference with what Durham says and some on here write: it's okay for us gooners to do it as it's our club and our criticism of Arsenal is out of concern because we genuinely love it. That ginger wanker doesn't give a toss about us and is just using it to wind-up Arsenal fans. :awnker: :awnker: :awnker:
Sorry mate, but you're nuts!Block91Broox wrote:With these financial results and the patience which the club has been run, mean Arsenal can be the next Liverpool-United and dominate club football for 15yrs and not just dip in and out like we have done for decades.
I'm talking real dominance, 3 titles in a row. European cups. The last 5 years would be worth that wouldn't it boys?
If we somehow pay off ALL of our debts in the next three years, becoming FULLY debt free, and assuming none of the board members vote for a dividend, no-one uses the club's sturdy financial base to reinvest in other ventures, and we make £100m a year to spend on transfers....
Barcelona and Real Madrid will spend £150m on transfers
Abramovich will spent £200m a year on transfers
City will spent £500m a year on transfers
Being a self-sustainable football club is amazing, but a benefactor with a bottomless pit of money from oil, steel, human trafficking etc will always be one step ahead.
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marcengels
- Posts: 7208
- Joined: Sat May 02, 2009 11:12 pm
- Location: North Bank
Exactly IHH.I Hate Hleb wrote:Yet at the same time he's saying clubs should look after the finances properly!!!GunnerDude wrote:Adrian Durham put it straight
End of season open top bus parade could go like this
Arsenal: Financial profit
Utd/Chavs: Trophies
And before anyone asks what's the difference with what Durham says and some on here write: it's okay for us gooners to do it as it's our club and our criticism of Arsenal is out of concern because we genuinely love it. That ginger wanker doesn't give a toss about us and is just using it to wind-up Arsenal fans. :awnker: :awnker: :awnker:
A poor product of a poor media these days.
