Today feels like the beginning of the end.

[olgitgooner]

That was good stuff, Mutley.

Hopefully, somebody will make a film about it.

[USMartin]

@USMartin

The club has made a tidy profit on the Higbury Redevelopment.

Yes but that profit still cost the club five years of financial instability and eliminated the means of stabilizing it financially for several years.If we had sold Highbury we would not have made that 30 million pounds of additional profit.

But we also would not have had to pay our creditors an additional 120 million pounds. We also would not have had to pay that additional 120 million pounds by 2010. And we also would have had up to 85 million pounds to pay off the original stadium loan from 2006 onward we did not have and had to come from other sources including reducing investment in the football team.

And given that that 20 million at best covers a bit more than one of our annual installment payments, how has the club benefitted from it if it has not allowed for increased investment in the football team?

I would argue the redevelopment of Highbury was always intended to as a stock doping project, as clearly that appears to be all it achieved.

It has neither led to any increased investment in the football team nor to any quicker repayment of our existing total debt for the stadium loan. It was not essential to the completiton of the new stadium or to the ability to repay the loan on it , and certainly was not essesntial to Arsenal football Club or Arsenal Holdings being able to survive financially.

So why I am wrong about what purpose it has served?

[USMartin]

Actually I prefer the Jefferson Airplane song Mutley. And the original version by tThe Great Society is pretty wild too.

[QuartzGooner]

@USMartin

I have nothing to prove vis-a-vis the board.
It is only you who see this as such a pressing issue that you feel compelled to write at length and frequently on the subject.

You have raised questions about the board, I have given my opinion based on my observations of events.

If you think the board are such a problem, rather than posting on here which achieves very little, there are practical steps you can take about it which cost nothing:

-Write an article for the Gooner fanzine.

-Write an article for Arseblog.

-Write a letter to arsenalnewsreview.co.uk, a blog where letters are published and commented on by the blogger. It is a blog read by many people, perhaps the most widely read of all Arsenal blogs.

-Write in to The Swiss Rambler, a highly respected and well researched blog about the finances of football.

[olgitgooner]

Did Alice walk through the looking glass?

Or did she fall down a rabbit hole?

I always get a bit confused about this.

[MutleyGooner]

Did Alice walk through the looking glass?

Or did she fall down a rabbit hole?

I always get a bit confused about this.

Alice, who the fucks Alice

[Arsenal 1991]

Did Alice walk through the looking glass?

Or did she fall down a rabbit hole?

I always get a bit confused about this.

Alice, who the fucks Alice

I'd fuck Alice.

[USMartin]

Did Alice walk through the looking glass?

Or did she fall down a rabbit hole?

I always get a bit confused about this.

She did both did she not?

[USMartin]

Quartz I am afraid I can't really read your posting of the Annual Report as it is posted - though that would not to be your fault clearly.

But I would suggest the Reports do not address the real issue which is not do we have money to spend but do we have a Board that wabts it to be spent?

And for all their comments the reality is actions always speak louder than words - and what do their actions suggest at this time?

[USMartin]

Did Alice walk through the looking glass?

Or did she fall down a rabbit hole?

I always get a bit confused about this.

Alice, who the fucks Alice

I'd fuck Alice.

You obviously need to fuck somebody so feel free - she's all yours.

[USMartin]

USMartin with Family

- I do have glasses but no way I'd dress that shittily mate.

Oh and no kids yet