ARSENAL ANNOUNCED HALF YEAR PROFITS

[Jumpers For Goalposts]

This is the thing Digger. The rich bastard's cannot just top up the turn over. They have to be self sustaining regardless of the owners wealth. It is based on the turnover that thier accounts show.

I know they don't have to be self sufficient to survive, but they will have to be to compete in the champions league or the future European super league.

They will be

We will be

I admire your optimism Broox but unfortunatley you're wrong on both points.

The rich bastards can just top up the turnover as they have been for the past 6 years in Chelsea's case. It is known as a "loan from Directors" and it is completely legal and above board in the corporate world. If the mega-rich director never asks for the loan to be repaid, the company (or football club) can carry on regardless of their turnover.

All the while Abramovich / Mansour are prepared to bank-roll their clubs, they can live as if they are Man U and Real Madrid rolled into one.

Plus - FIFA / UEFA would like to ban clubs from the Champions or Europa League but they would never be able to do so as those clubs would retain the very best lawyers to run straight to the European Courts and calim that this is a breach of free trade. Basically the same type of argument that Marc Bosman and the de Boer brothers made - and won.

[selsdon]

Love to the wife but before you go one small point:

However we couldn't compete before the move

call me old-fashioned but i thought we done alright in our time at Higbury

[Rob]

This is the thing Digger. The rich bastard's cannot just top up the turn over. They have to be self sustaining regardless of the owners wealth. It is based on the turnover that thier accounts show.

I know they don't have to be self sufficient to survive, but they will have to be to compete in the champions league or the future European super league.

They will be

We will be

I admire your optimism Broox but unfortunatley you're wrong on both points.

The rich bastards can just top up the turnover as they have been for the past 6 years in Chelsea's case. It is known as a "loan from Directors" and it is completely legal and above board in the corporate world. If the mega-rich director never asks for the loan to be repaid, the company (or football club) can carry on regardless of their turnover.

All the while Abramovich / Mansour are prepared to bank-roll their clubs, they can live as if they are Man U and Real Madrid rolled into one.

Plus - FIFA / UEFA would like to ban clubs from the Champions or Europa League but they would never be able to do so as those clubs would retain the very best lawyers to run straight to the European Courts and calim that this is a breach of free trade. Basically the same type of argument that Marc Bosman and the de Boer brothers made - and won.

Just so.

However there is one scenario that would scupper ManU/Chelsea/City - et al and that is if the edifice of the PL came crashing down around their ears.

No more TV money - or at least vastly reduced. Little if any media adoration or 'image rights' for players - and the rest.

And we go back to the halcyon days or yore, where the players were well paid but mindful of the fact that the Club counted for more than they did, or ever will.

In other words back to the 1970s/1980s.

But if that scuppers our rivals then it also scuppers our current modus operandi as well.

Somehow I don't see it even in this recession. So we are stuck with what we have and if any breed of Arsenal fan seriously thinks salvation comes with Man U's bankruptcy, then they are on a long wait.

[Block91Broox]

OK OK OK,

but I'm gonna get in the shit for this.

1. We did alright at highbury.

Correct, however this is the future and we would not be able to compete with a meagre turnover of £100m. That would be 100% turnover to wages.

(edit, also when I said compete I was talking about competing for the best players, transfer fee's etc)

2. There is confusion which I need to clear up regarding the turnover. I am not talking about a club being able to function as self sufficient to contine to 'trade'. In that case a rich owner can loan and write off and continue to function as a club. The point I am making is that it will be a condition of entering the champions league that you have to run self sufficiently.

This doesn't stop them running or competing in their own league therefore is not a breach of free trade. If that were the case then Santos can go to court for not being allowed in the champions league.


I really have to go but will check back monday.


And Selsdon, don't remind me of Highbury any more.......I've gona all.....Glum

[Jumpers For Goalposts]

Spot on Rob.

Supporters that survived the 70s and 80s remember only too well how shite some aspects of football were back then - awful (and half-empty) stadiums, dreadful pitches, brain-dead hooligans, the best players only wanting to play in Italy and Spain, bubble perms!

Those problems have all been solved by the influx of money since 1992 but we've replaced them with a new set of problems - all of which have money at their core.

Football needs a reality check on the money front but if it gets one, we'll all suffer.

It's as my old Dad used to say - out of the frying pan and into the fire.

[Rob]

OK OK OK,

If that were the case then Santos can go to court for not being allowed in the champions league.

:

Santos is in Brazil. That's South America. CL is Europe. That is not South America.

[Block91Broox]

OK OK OK,

If that were the case then Santos can go to court for not being allowed in the champions league.

:

Santos is in Brazil. That's South America. CL is Europe. That is not South America.

Being a European club to compete in the champions league is a restriction or rule.

Being self sufficient i.e 50% turnover to wages will also be a restriction or rule.

comprende?

[I Hate Hleb]

Oi - your wife wants you home!!!!

[Rob]

Oh yes....I see............well done...................


The World Cup will be can cancelled this year as Green men from Mars feel that 'World' is a restriction on trade and limits their chances of competition.

Fucking good job too if you ask me.......

[Cesc is God]

That debts being written off quick.

Music to my ears!

[djhdjh]

OK OK OK,

If that were the case then Santos can go to court for not being allowed in the champions league.

:

Santos is in Brazil. That's South America. CL is Europe. That is not South America.

Being a European club to compete in the champions league is a restriction or rule.

Being self sufficient i.e 50% turnover to wages will also be a restriction or rule.

comprende?

You think UEFA will deny the biggest clubs that help make the Champions League the biggest club competition in the world the chance to enter it. Get real. Rhetoric and bullshit is one thing, actions are another.

[Aaron Inglis]

[quote="brazilianGOONER"][quote="flash gunner"]
So we stand a good chance of staying in the top 3 because our rivals are getting worse not that we are getting better.... Thats a poor show if true[/quote]

i didn't say that, i said i think we ARE getting better. i don't think cesc will leave in the summer (i know you disagree) and i think wenger will do another vermaelenesque signing, like he usually does in the summer, by the way. i think at least one of eduardo, bendtner or vela will find their form or at least chamakh will come good or maybe even RVP can make a whole season without injuries!!!

erm, ok, now i sounded stupid

anyway, i think we'll find our attacking ways again, i like our midfield, i'm sure clichy will improve his current form (he can't do any worse and we agree he has the quality) and if it is true that wenger tried to sign sorensen, i believe he'll go for a new keeper, and fuck me, that would make us 40% better.

i don't see why we won't improve. aaron ramsey will get better every fucking day just like song is improving now, and i'm sure a midfield of song, ramsey and cesc with arshavin, rosicky/nasri and one of the beforementioned strikers will be as good as any attack in this world.

i'm only worried about our keeper, about gallas and about a cover for song. i'm hoping wenger will address 2/3 of that in the summer.

he hasn't lost it completely. yet.[/quote]


I fucking love you Gumbo !!

[brazilianGOONER]

So we stand a good chance of staying in the top 3 because our rivals are getting worse not that we are getting better.... Thats a poor show if true

i didn't say that, i said i think we ARE getting better. i don't think cesc will leave in the summer (i know you disagree) and i think wenger will do another vermaelenesque signing, like he usually does in the summer, by the way. i think at least one of eduardo, bendtner or vela will find their form or at least chamakh will come good or maybe even RVP can make a whole season without injuries!!!

erm, ok, now i sounded stupid

anyway, i think we'll find our attacking ways again, i like our midfield, i'm sure clichy will improve his current form (he can't do any worse and we agree he has the quality) and if it is true that wenger tried to sign sorensen, i believe he'll go for a new keeper, and fuck me, that would make us 40% better.

i don't see why we won't improve. aaron ramsey will get better every fucking day just like song is improving now, and i'm sure a midfield of song, ramsey and cesc with arshavin, rosicky/nasri and one of the beforementioned strikers will be as good as any attack in this world.

i'm only worried about our keeper, about gallas and about a cover for song. i'm hoping wenger will address 2/3 of that in the summer.

he hasn't lost it completely. yet.

I fucking love you Gumbo !!

[Exiled-Gooner]

It is great news that a HUGE chunk of the debt has been cleared and it seems likely that the monies owed will be repaid ahead of time but Le Grove statement does get you thinking about a hidden agenda but that's for later when i've sobered up....(that could be next tuesday).

What i don't get is that some on here have this false vision that no-one is going catch us...well it has nearly happened twice in the last 5yrs and both times due to luck it didn't happen,1)the spuds getting the shits saga 2) Villa bottling it and Everton getting so many injuries at once last season and last season one when our C/L spot was in real danger of going we had Arshavin fiasco when the board released funds so enabling wenger to buy so to continue in getting C/L football.

Do some honestly believe that shitty etc aren't going to strengthen this summer when we have seen manure and chavs drop in standards and have now seen there is a chance for C/L football with investment when before it was just for the ''top 4'' clubs.That is why i say The Arsenal HAVE to invest this summer or next season we might not be so ''lucky''.

The Arsenal have always had money but the boards have always been frugal with it until wenger arrived and we saw what the investment then brought.Putting us in the same scenario as pompey is plain stupid as this board wouldn't allow it for a start there lose too much.

More later need a dump and something to eat....yeah both

[SteveO 35]

Hmmm....more exciting sustainability news to cream our pants over.

Did the club forget to mention the £40m + of additional profit they overlooked by failing to negotiate a proper deal with a property developer earlier in the process before the market collapse. Of course not

More brainwashing shite on the train to sustainability Central......