THE BOARD - Kroenke, Usmanov and Finance

As we're unlikely to see terraces again at football, this is the virtual equivalent where you can chat to your hearts content about all football matters and, obviously, Arsenal in particular. This forum encourages all Gooners to visit and contribute so please keep it respectful, clean and topical.
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Skooner
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by Skooner »

AFCjames wrote:What mystifies me is, with all these 'star players' leaving, why the wage bill keeps rising.
Still got many of the big earners on the books, Arshavin, Squillaci, Djourou, Denilson etc! :banghead: :banghead:

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AFCjames
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by AFCjames »

Understand this mate, Arshavin will be off in Jan id imagine. Squillaci out of contract in the summer and Sao Paoulo paying Denilsons wage's. So there slowly going, thankfully :D :D

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Chippy
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by Chippy »

Gazidis
I want to be clear that the money we generate is available to our manager, Arsène Wenger, and that he quite rightly makes the decisions regarding how to invest those funds based on his extensive football knowledge, experience and judgement. Over the years, his decisions and his management have propelled us to the top of the game in Europe (currently ranked 6th by UEFA) while playing some of the most attractive football in the world.

Skooner
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by Skooner »

AFCjames wrote:Understand this mate, Arshavin will be off in Jan id imagine. Squillaci out of contract in the summer and Sao Paoulo paying Denilsons wage's. So there slowly going, thankfully :D :D
I don't know for certain but I reckon we're still footing a considerable amount of Denilson's (and Bendtner's) wages whilst they are out on loan. Their wages are exactly why they are on loan rather than sold, no one else wants to pay them that much.

I agree with your overall point though, wages go up whilst the quality goes down doesn't make sense.

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augie
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by augie »

I hope you can all see from today's report that wenger hasnt had any money to spend, it isnt his fault that bendtner and the rest of the shite are on such huge wages, he has no input into the running of the club and is being forced to work under extreme circumstances by our board :roll:

Will all the wenger apologists please wind in your necks now please ? :roll: :oops: :oops: :box:

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SteveO 35
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by SteveO 35 »

I read the highlights of the accounts in tonight's paper but will be reviewing the detailed financial statements in depth as I always do tomorrow.

Did Gazidis's commentary get cut and pasted from the last 2 reports - "sustainability", "cash available to invest in the squad". I gave up after reading that

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SteveO 35
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by SteveO 35 »

Chippy wrote:Gazidis
I want to be clear that the money we generate is available to our manager, Arsène Wenger, and that he quite rightly makes the decisions regarding how to invest those funds based on his extensive football knowledge, experience and judgement. Over the years, his decisions and his management have propelled us to the top of the game in Europe (currently ranked 6th by UEFA) while playing some of the most attractive football in the world.
I'm as excited about being ranked 6th by UEFA, as I am about England being ranked 3rd by FIFA.

I'm sure only Star Trek fans, IT managers, train spotters and folk that get all excited over Top Gear find these rankings in any way interesting or helpful

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northbank123
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by northbank123 »

Wage bill hiked up from an already ridiculous £124m to £143m over the space of one year. Scary. And hugely unjustified.

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Herd
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by Herd »

Will all the wenger apologists please wind in your necks now please ? :roll: :oops: :oops: :box:

Augie there's a huge difference between having the money and allowing wenger to spend it on players .

I fail to understand why the wage bill has sky rocketed when we sold 2 of the highest earners,I think theres more to that one than meets the eye !

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DB10GOONER
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by DB10GOONER »

Chippy wrote:
Commenting on the results for the year, Peter Hill-Wood, non-executive Chairman, said:
“We have invested in the team and in the Club’s infrastructure as a whole and this will continue. UEFA’s new financial regulations have added a further emphasis to the need for a sound financial model. That is why our activities to increase revenue are important. Increased revenues allow us to continue to be competitive and to keep pace with the ever present cost pressures in the game.”
Ivan Gazidis, Chief Executive, said:
“Clubs, fans and other stakeholders in the game are demanding a more rational financial approach and this reinforces our conviction that our Club is strongly placed to succeed over the long term. We have qualified for the Champions League for the 15th season in a row whilst off the pitch we have a business strategy and infrastructure that is helping us to grow our revenues. This revenue growth will provide sustainable funds for future investment in the team whilst keeping within the UEFA Financial Fair Play requirements. We can and will forge our own path to success.”
Love the bit about fans demanding a more rational financial approach! :banghead: :banghead:
Proper fucking order too! When those chav wankards are singing about their measly little CL title we will rise as one and just fucking let them have it with; "Your accountants, your accounts, your accountants are fucking shit".

:suicide:



My thanks to perryashburtongroves for his Grammy winning lyrics. 8)

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DB10GOONER
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by DB10GOONER »

Chippy wrote:Gazidis
I want to be clear that the money we generate is available to our manager, Arsène Wenger, and that he quite rightly makes the decisions regarding how to invest those funds based on his extensive football knowledge, experience and judgement. Over the years, his decisions and his management have propelled us to the top of the game in Europe (currently ranked 6th by UEFA) while playing some of the most attractive football in the world.

hmmmm... :rubchin:

I love how Ivan's definition of "top of the game in Europe" is so different to most of the rest of us. Or, indeed, anyone at all in the real world.

:banghead: :roll:

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flash gunner
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by flash gunner »

Fuck the accounts

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DB10GOONER
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by DB10GOONER »

flash gunner wrote:Fuck the accounts
You should check out some financial bloggers, mate. I know how you love both bloggers and finance chat. :lol: :wink: :wink:

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flash gunner
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by flash gunner »

DB10GOONER wrote:
flash gunner wrote:Fuck the accounts
You should check out some financial bloggers, mate. I know how you love both bloggers and finance chat. :lol: :wink: :wink:
:augie: :augie: :augie:

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AFCjames
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Re: BOARD/FINANCE Thread: USMANOV/KROENKE/DEIN/HILL-WOOD etc

Post by AFCjames »

Skooner wrote:
AFCjames wrote:Understand this mate, Arshavin will be off in Jan id imagine. Squillaci out of contract in the summer and Sao Paoulo paying Denilsons wage's. So there slowly going, thankfully :D :D
I don't know for certain but I reckon we're still footing a considerable amount of Denilson's (and Bendtner's) wages whilst they are out on loan. Their wages are exactly why they are on loan rather than sold, no one else wants to pay them that much.

I agree with your overall point though, wages go up whilst the quality goes down doesn't make sense.
I've heard Denilson's wages were been fully covered. Could be wrong tho. Bottom line is were paying stupid wages for poor players

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