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Originally Posted by punky
Lerner is definitely the populist choice as Levy doesn't really ooze charisma.I was judging Levy purely on a business perspective.
Arsenal (Dein?) are responsible but I wouldn't say maverick. Wenger is shrewd in the markets (Adebayor, Toure, Viera, etc) but they never seem to have much money. They keep the club level (and delivering a stadium isn't easy) but they do have a lot more revenue than us with the Champions League.
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They have quite a bit of money, it's that Wenger doesn't buy much and they have been paying back the Stadium debt in excesses of their commitments. A testament to the board is that Arsenal could afford to miss out on the Champions league
http://www.guardian.co.uk/football/2...nger-transfers
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In contrast Arsène Wenger is in a position of relative luxury, since the terms of his club's loans demand he spends the bulk of the money he raises in transfers. All transfer revenues are held in a special account created during negotiations with lenders over the refinancing of the club's £260m stadium loan and a minimum of 70% of this must either be retained or spent on transfers and contract renewals. Although the account's millions are at Wenger's disposal, the banks do hold a charge over it as security on the stadium.
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He is sitting on a nice pile of cash. He just doesn't want to spend however much I want him to Buy De Rossi, Mexes and Hugo Lloris.
I would say Spurs/Arsenal's boards are close to terms of business acumen. Arsenal have successfully completed the stadium move and what was basically a rebirth of the club. Spurs board now have that test in front of them.
We're both pre-inclined to look favourably on our teams though
I do concede a lot of Arsenal's stability and successful move is down to Wenger rather than the board. The guy should get massive 100ft tall statue dam it!