The "Royal We" USMartin?USMartin wrote:We don't know that that happened for sure - although if it did Arsenal and Emirates Air certainly wouldn't have been the first companies to resolve a conflict that way. The sole reason it may not have happened is if Emirates Air people calculated that their endorsement contract had been so porrly negotiated by the club and was so advantageous to them it was not worth pursuing extra moneyQuartzGooner wrote:I have no information that we had to give cash back to the Emirates Airline because of the Israel deal.
I would like to know where that came from because you are the first person to mention it.
The new stadium was delayed by one year because of trouble finding the eventual six banks to lend construction money, so it is well known the club needed money up front, irellevant of anything to do with Highbury.
You in the USA may not have bee aware of it but demolition of the buildings on the site, and the levelling of the ground of the podium happened very quickly, but then work stopped for a while until funds were secured. I made it my business to regularly pass the area when it was a construction site (I did not live far away at the time), it was boarded off but you could peak in through the gates, and there was a period of time when little happened there.
I agree that the front loaded deal for Henry was ridiculous, unless he had to give money back to the club when we sold him, but I do not know i that was meant to happen or if it happened.
But even if that were the case it does not disguise the reality that some poor decisions were driven by anxiety about our cash flow, such as this.
We read forums then too y'know- yes we are aware of those story behind the story so to speak. If anything the delay securing that financing minimized the need to produce more money ourselves - after all the sooner we have to pay the loans back the greater any potential cash flow problem - certainly if we had decided not to sell Highbury at that time already.
If anything that delay only calls the re-development decision into even further question.
I seriously doubt the froont-loaded money was given back, or it would have been no incentive whatsoever. I suspect that as much as he loves Arsenal, Henry was leaving in frustration as he saw the reaalty was, well, what, we all have seen since then. And we simply could not afford for his departure to cast a massive pall over the opening season at the Emirates and potentially even undermine tcket sales and profits.
That is strictly for the Queen.
You are just speculating about the Emirates Airline wanting money from Arsenal because of the decision about Israel, you are the first to mention such a possibility and without a link to a source I cannot consider your thoughts on this as an account of something that actually happened.
Cannot agree the delay on the new stadium was a good thing, because the quicker it was built the quicker revenues would rise.