Yeah, for the last couple of years they've made a £5m loss and a £5m profit, I think.
Ish, the thing that again people keep ignoring is this is with 50million extra spending on wages compared to Highbury, IE those figures would be a 55mil or 45mil LOSS with the same wage/transfer/general spending at Highbury.
Wenger CHOOSES to spend that extra money on Diaby sitting on the treatment table for 5 years, Denilson to be rubbish, Chamakh at 80k a week as a temporary replacement who was never good enough, always worse than a 50k a week bendtner and on a wage that means he won't leave because no one will match his wage. He's better off seeing out a couple more years at 80k a week than leaving for any club at 50k a week and a 5mil fee to Arsenal. Because in a while he can sign on a free and use that to again leverage another high wage due to no transfer fee.
I said all this before it happened, when it happened, when he was at his best and now. This was clear as day at every stage, a massive loss of a transfer that was obvious before he was signed. That's basically 4mil a year for 4-5 years, for a player who played half a season that was worthwhile.
Wenger could NOT spend this money on a HUGE youth squad on higher wages than most youth squads earn, and spend money on transfers, but people can't randomly choose to ignore the 50mil extra wage spending when talking about finances due to Emirates building, this is 50mil a year every year while still breaking even Wenger spends. Spurs are spending give or take 40 mil less than us, while(had they not fallen apart like girls) having a squad that is superior.
It's as simple as this, we were making right after the move, some 50-60mil extra revenue, we made a 30mil profit AFTER 30mil loan repayments give or take, that was give or take 30mil better off AFTER all financial obligations due to the Emirates move, that was how the plan was stated before the build was started, and since. It was always planned to leave us better off at every single stage, by a huge margin and then when the stadium was paid off to leave us even better off. Wenger has since increased yearly wage spending from arounc 60mil to 110-115mil, while breaking even, this is where all the money is going and you can see most of that going on players who never contribute to the team, either with Wenger utterly ignoring them(Vela) or being useless (Diaby), or massively injury prone (Diaby).
Lastly, Vermaelen has pretty much gone on record and said, paraphrased, "I hate left back, if I am asked to play their long term I will ask to move to a new club". he is in no way firstly, a great left back, secondly, absolutely does not want to play there, thirdly, is one of our most injury prone players as it is. He's almost been here three years and he's missed around 40% of the games through injury. We need a rock solid, not injury prone, no sign of injury proneness in his career left back, nothing short of that.
Left back, almost anyone who is reliable is preferable to anyone we have at the club. Baines is both a real freekick threat(RVP is by and large useless), it would free up RVP from taking corners which he is both, not good at, and better in the box. It would give us a reliable generally injury free left back, an English player no one can complain about, and someone who is better offensively and defensively than anyone we currently have at left back. Gibbs out, Santos out, and then bring another left back, prospect/youth type as in 17-18yr old who can play a few of the easier games and maybe be a long term replacement.
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(Remember him scoring that free kick against Scotland 
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