WOLVES GAME THREAD

frankbutcher · Post by **frankbutcher** » Tue Dec 27, 2011 10:57 pm

Phil,

The facts of the bond issue are as follows:

Joint Lead Arrangers - Barclays Capital (Barcap) and RBS
Agent - Citibank, London
Hedge providers - Barcap and RBS
Issuing currency - Sterling

Covenants

- 1.5x DSC (debt service covenant)
- 70% of net player sales proceeds must be re-invested on players, or used as loan pre-payment.

Interest rates

- Â£210 million worth of 13.5 year bonds with a spread of 52 basis points over UK government bonds - EIR 5.14%.
- Â£50 million of 7.1 year bonds (Floating Rate Notes - FRN) with a spread of 22 basis points over LIBOR - EIR 5.97%.
- FRNs (Â£50m) have a 25 year legal maturity and expected maturity of 7 years. If not repaid by 2013, the margin steps up 2.5x, hence Arsenal are due to repay these in full prior to 2013.

Number 5 · Post by **Number 5** » Wed Dec 28, 2011 12:34 am

Yep, seems pretty standard for a new stadium financing arrangement.

frankbutcher · Post by **frankbutcher** » Wed Dec 28, 2011 12:37 am

Number 5 wrote:Yep, seems pretty standard for a new stadium financing arrangement.

TomÃ¡Å¡ · Post by **TomÃ¡Å¡** » Wed Dec 28, 2011 12:50 am

it wont make any difference....'some distain shown by the arsenal fans' will be the only momintary mention it will get on MOTD. the only thing the press will latch onto is if we go on a long loosing run, not a shoddy draw at home to wolves. we are currently where we are expected to be based on squad-spend. only thing that will make them appoint a n new manager is if wenger gets run over by a drink driver on NYE.

[/quote]

100%!

From the outside it looks everything is under control.

Cheers,
Thomas

worthing_gooner · Post by **worthing_gooner** » Wed Dec 28, 2011 12:57 am

TomÃ¡Å¡ wrote:

it wont make any difference....'some distain shown by the arsenal fans' will be the only momintary mention it will get on MOTD. the only thing the press will latch onto is if we go on a long loosing run, not a shoddy draw at home to wolves. we are currently where we are expected to be based on squad-spend. only thing that will make them appoint a n new manager is if wenger gets run over by a drink driver on NYE.

100%!

From the outside it looks everything is under control.

Cheers,
Thomas[/quote]

I'd be interested to know how you guys think we're doing as a club? Are we underachieving? Should we be investing? Would other players want to join us? Are we as feared as we once were?

I suspect I could correctly guess the answer to most of those questions.

Wed Dec 28, 2011 1:00 am

frankbutcher wrote:Phil,

The facts of the bond issue are as follows:

Joint Lead Arrangers - Barclays Capital (Barcap) and RBS
Agent - Citibank, London
Hedge providers - Barcap and RBS
Issuing currency - Sterling

Covenants

- 1.5x DSC (debt service covenant)
- 70% of net player sales proceeds must be re-invested on players, or used as loan pre-payment.

Interest rates

- Â£210 million worth of 13.5 year bonds with a spread of 52 basis points over UK government bonds - EIR 5.14%.
- Â£50 million of 7.1 year bonds (Floating Rate Notes - FRN) with a spread of 22 basis points over LIBOR - EIR 5.97%.
- FRNs (Â£50m) have a 25 year legal maturity and expected maturity of 7 years. If not repaid by 2013, the margin steps up 2.5x, hence Arsenal are due to repay these in full prior to 2013.

Bâ€™Jesus said Paddy I sang it so well, I think Iâ€™ll get up and Iâ€™ll sing it again, so Paddy got up and he sang it again, Over and Over and Over again.

Bâ€™Jesus said Paddy I sang it so well, I think Iâ€™ll get up and Iâ€™ll sing it again, so Paddy got up and he sang it again, Over and Over and Over again.

Bâ€™Jesus said Paddy I sang it so well, I think Iâ€™ll get up and Iâ€™ll sing it again, so Paddy got up and he sang it again, Over and Over and Over again.

Bâ€™Jesus said Paddy I sang it so well, I think Iâ€™ll get up and Iâ€™ll sing it again, so Paddy got up etc etc

Post by **Barriecuda** » Wed Dec 28, 2011 1:55 am

It is just so frustrating.

I didn't watch the game but reading the events sounds SO typically Arsenal.

This is how I assume it played out, in typical Arsenal fashion:

Early goal. Languish complacently for a while, with a couple sloppy near-misses that should have been goals. Slowly let Wolves back into the game with a couple set plays. Wolves eventually equalize. Cue Arsenal throwing everything forward in vain for the last however many more minutes are remaining. Substitutes of Arshavin, Chamakh and... I dunno who else it was, Rosicky or Benayoun I suspect? None of them doing much.

Like, fuck me. We're so obvious these days. If RVP doesn't save us, we are pretty much fucked, every game. It took an RVP wonder goal vs Everton, a brilliant two-goal performance against Sunderland, a lucky Benayoun header against Villa, a John Terry slip against Chelsea... I mean in all honesty, we are this far up the table largely due to a lot of luck and/or the influence and invention of a world class striker... who still hasn't hitched his star to our wagon.

Of course, if we had our 19 year old midfielder, it would all be different right?

I'm so choked we didn't make up ground on a weekend where a bunch of our nearest rivals gifted us an opportunity. The team should have been focused and hungry and gone out and done the job against Wolves. Instead, we have to accept excuses from Wenger like "we were too focused"... what the hell? I appreciate he's trying to keep the team's morale up, but there's inspiring confidence and then there's just getting silly.

Gunnerz4life · Post by **Gunnerz4life** » Wed Dec 28, 2011 5:17 am

I'm a bit surprised how lightly players like Rosicky and Benayoun get away with, compared to the usual villians Song, Arshavin and Chamakh. These 2 are sub standard players who should nowhere near be at a 'top' club. I'm sure they have a good attitude and all that but they seriously lack the quality to impose themselves in a game. We might have more of a team spirit than now compared to last season but the quality have gone down drastically.

defleppardisking · Post by **defleppardisking** » Wed Dec 28, 2011 5:20 am

Here we have a manager who has been employing the same tactics, never learn from his mistakes and in the end expecting miracles to happen. How on earth a person can keep doing this is really beyond my comprehension

bergkamp10 · Post by **bergkamp10** » Wed Dec 28, 2011 9:08 am

Babatunde wrote:ONE ARSENE WEEEEENGER!

LOL.

Look it has all been said before but I shan't tire of saying it. We need to get rid of this manager. This club needs fans who will put pressure on the management big-style and heckle him. This is unacceptable.

I laugh when I keep hearing apologetic fools talk about 'we cannot compete with Citeh/Chelski' etc.

We can barely compete with Fulham at home.
We cannot beat 10-man WOLVES at home.
We get humiliated by Steve Kean Blackburn.

Arsene Wenger is totally incompetent and out of his depth. The worst thing that can happen i an Arsenal game being managed by that c*** Wenger, is for the opposition to go a man down whilst having something to cling onto.

That made Wolves game plan easy: two banks of four, defend defend defend.

For a manager as retarded and tactically idiotic as Wenger, that's an impossibility to deal with. Wenger has no idea how to deal with a tactical question. You are presented with two banks of four and what does this fuckwit do? He persists with ONE up front at home to bloody Wolves. Wolves. It's like this moron never learns. Do you remember last season when Arsenal struggled at home to 10-man Blackburn who had 1 point in 27 away, and could only draw? Because Wenger had no clue how to change things up? Or remember last season when we drew at home to Sunderland, who had a shocking away record? Because again, Le Twat played one up front?

Do you want to know WHY Arsenal keep persisting with one increasingly knackered Van Persie up front? Because Arsene Wenger has mismanaged this squad and club so ridiculously, that he has two strikers who are so inept he does not dare start either of them.

The worst thing of all, is that I don't want to hear another single person mention the myth of our 'youth policy'. Fuck off with that please. Wenger runs this place on a strict hierarchy. His substitutions are now a ridiculous running joke. You have Oxfam Chambermaid who has pace and unpredictability waiting for a chance and what does this retard do?

The same subs as Citeh: Chamakh (1 league goal in over 14 months is it?) and Arshavin. The minute those two come on, you can be guaranteed that the game is up. Oh and for the 'moaning about funds' brigade, Arshavin and Chamakh earn over Â£130k a week combined.
'We cannot compete on wages'.

Course not. Better to pay Â£130k a week to two people who might turn up for 5 minutes every couple of weeks and guarantee a good result for the opposition.

Worst part? Not only did everyone else drop point, but Wenger has already begun the excuses to avoid signing a quality striker in January.

'We need patience with Park'.

SEVEN trophyless years and this w***er is preaching 'patience'!!! You could not make this up!!!!

And my favourite is what he said this morning:
'Oxlade Chamberlain will be given chance in 2012'.

That's his excuse: I have the Ox, so I don't need to sign a striker.

Just as when he sold Adebayor to Citeh he claimed:

'I don't need to sign a new striker as Vela is his natural replacement'.

The excuses to not spend the money the fans are so overcharged for, continue apace.

The only people who can bring about change is the fans. Next season, despite paying the highest ST prices in European football, and despite being told you were moving to 'compete with the biggest clubs i Europe', and despite that retard manager happy to pick up Â£7 mil a year as he talks about 'dizzying' wages in football....

Arsenal will be playing Europa League football.

And yet so many will meekly sit back, accept it and go through this shite next year again. DON'T. Heckle Wenger. Harangue him. Get on the players' back. Another piece of shit unacceptable 'performance' from the big-headed dickhead that is Alex Thong. Consequences? Oh there'll be none. His name will be sung again next week.

Fabregas said it: at Arsenal you could play shit, lose a game/drop points...but yet you would still go out and eat a nice meal in peace, you'd go out, there were no consequences.

That would be ok if fans were being charge Â£300 a season to watch a team with no expectations and no income. But being charged more than Barca/Bayern/Manure/Real/Milan fans, watching this absolute dross; and being told by Gazidis 'We don't need CL revenue' - as a way of preparing the fans for the Europa League. Is UNACCEPTABLE.

Time to get some standards at this club again. Get on Wenger's back FFS.
Stop attending. Leave that spacedome half-empty. Stop idolizing shit players. 'We've only got one Song'? Thank Fuck for that.
Mertesacker has his own chant? That piece of shit? Diaby is still picking up wages? Wenger has never been safer in his job?

Wake me up when I get my club back....
This ain't a reaction to today's result btw. It is just a reaction to the fact that a team that is valued as the fourth most valuable in world football is having to face up to Europa League football; whilst our North London rivals blaze a trail, playing much better football, looking to CL football and signing better footballers.

It's a fucking joke.

Wenger has been left unopposed so long the Spuds have now got in a position to make us kiss their arses. FUCK THAT.

Babatunde I have to say after today, I agree with most of what you say. Sadly the club would move on playing wise if Wenger were to move on. However sadly the powers of be will never actually ask him to leave.

Therefore we'll have to suffer this situation for a great deal longer. Sadly I was right when I said to a mate after the Newcastle game, we are going to suffer a long hard season with he players we have, granted one or two came in, but basically they are not coached in a practical way for our league. Look at the pwoer the 03/04 team had right through it???

I hope we make the top four, but sadly we carry so much crap within the squad it's pretty useless expecting anything else.

TeeCee · Post by **TeeCee** » Wed Dec 28, 2011 9:38 am

Playing the super slow way we do, where the central defenders have to have half a dozen touches each before the ball even gets to midfield, it let's any team organize their defence and get into position! It leaves no surprises, no gaps to play through, the failure of our manager to see this is astounding!?
Arsenals past successes under Wenger were gained playing fast, over powering, counter attacking football......funnily enough, exactly the way Spuds play these days!
It makes me so angry that Wenger gets away with such negligent management and more so that he is too far up his own arse to either see this, or admit it!

SPARKSY · Post by **SPARKSY** » Wed Dec 28, 2011 9:45 am

We all know where we stand. We are still struggling to make up for the really bad start we had this season.
Realistically, we only have 2 cups we have a chance of winning and are out of one of those.
We are only in the CL for a ride. As we all know, come the last 16 or quarters that willbe our lot.
The league was never a possibilioty and that is being shown as we fall further and further back.
What makes this worse is that Tottenham have a good chance of doing something there. They are in the title race while we watch from outside like little scallys with our noses up at the windows.

How long do we keep saying that we were unlucky, had all the possession or that the keeper had a good game.

We all knew it was gonna be a long hard season and that is exactly what we're getting.

Nothing will change until the manager does.

Batflyer · Post by **Batflyer** » Wed Dec 28, 2011 11:18 am

Gunnerz4life wrote:I'm a bit surprised how lightly players like Rosicky and Benayoun get away with, compared to the usual villians Song, Arshavin and Chamakh. These 2 are sub standard players who should nowhere near be at a 'top' club. I'm sure they have a good attitude and all that but they seriously lack the quality to impose themselves in a game. We might have more of a team spirit than now compared to last season but the quality have gone down drastically.

Have you seen the game yesterday? I thought Rosicky and especially Benayoun were playing very well. Song, Arshavin and Chamakh however...

By the way, I disagree with you about Rosicky and Benayoun getting away with bad performances. Especially Rosicky has been criticised a lot on here.

SteveO 35 · Post by **SteveO 35** » Wed Dec 28, 2011 11:32 am

Batflyer wrote:
Gunnerz4life wrote:I'm a bit surprised how lightly players like Rosicky and Benayoun get away with, compared to the usual villians Song, Arshavin and Chamakh. These 2 are sub standard players who should nowhere near be at a 'top' club. I'm sure they have a good attitude and all that but they seriously lack the quality to impose themselves in a game. We might have more of a team spirit than now compared to last season but the quality have gone down drastically.
Have you seen the game yesterday? I thought Rosicky and especially Benayoun were playing very well. Song, Arshavin and Chamakh however...

By the way, I disagree with you about Rosicky and Benayoun getting away with bad performances. Especially Rosicky has been criticised a lot on here.

Agreed. Whilst yesterday's result was just about as miserable as it gets, and our manager proved himself to be the tactical cretin that he is.....Rosicky was just about the best player out there and Benayoun, whilst not outstanding, produced more than that lazy Russian fuckwit has done in 18 months.

I would say that this season those two deserve a few more chances before we consign them to the dustbin marked 'Vela'

Gunnerz4life · Post by **Gunnerz4life** » Wed Dec 28, 2011 11:54 am

Batflyer wrote:
Gunnerz4life wrote:I'm a bit surprised how lightly players like Rosicky and Benayoun get away with, compared to the usual villians Song, Arshavin and Chamakh. These 2 are sub standard players who should nowhere near be at a 'top' club. I'm sure they have a good attitude and all that but they seriously lack the quality to impose themselves in a game. We might have more of a team spirit than now compared to last season but the quality have gone down drastically.
Have you seen the game yesterday? I thought Rosicky and especially Benayoun were playing very well. Song, Arshavin and Chamakh however...

By the way, I disagree with you about Rosicky and Benayoun getting away with bad performances. Especially Rosicky has been criticised a lot on here.

I did'nt think Rosicky played well at all yesterday. He does not have a cutting edge to his game and yesterday time and again he chose the wrong option when we were in a threatning position. Benayoun to be fair was better and provided the assist but again he didnt threaten much for the rest of the game. These 2 (specially Rosicky) are the kind of players who will not stink the place out with their performance like an Arshavin or Chamakh would, but will go through the game unnoticed and making the easy passes and in general being ineffective.

Yesterday's performance showed that neither Rosicky nor Benayoun will chalange Ramsey (who have been inconsistent) and Jack when he is fit for the creative midfielder's role. It's kinda scary that our best attacking midfielder is an injured 19 yr old.