Quote:
Originally Posted by Damien
No but it depends that the board is concerned about. Basically it's clear Arsenal's commercial revenue lags behind a lot of clubs of our type and that, combined with existing debt from the stadium, means Arsenal struggle to make a profit when player sales are taken out. The leaked stories of there being £70 million to spend is clearly rubbish unless we blow the cash reserves.
The money isn't there but the board are making it seem like it's all brilliant from their end and it's the manager who doesn't want to spend. This figures back up what has long been suspected, that realistically Arsenal only have around £20 to £30 million at best to spend. If we had kept all our players last year and simply added the ones we have now, there would be a £27 million loss.  |
I thought the big issue with Arsenal is the sponsorship deals they are in now is low and long-term (agreed pre- everyone elses big deals). Once they renegotiate those, money will be more plantiful, if of course they get into europe