i hate that "remind me of when arsenal last won a trophy" non-arsenal fans just dont understand the position the club is in financially. grinds my gears....
where are man united now?
where would chelsea be if abramovich left now? where were they 12 years ago?
where would city be if the sheikh left? where were they 4 years ago?
where would liverpool be if they had to play 50-60 games in a season? where have they been the last 7 years?
arsenal have never pretended to be the best team in the league, financially we have never been able to compete. we lose our key players at the worst of times season after season. we lead the table, and then down to our squad depth we start to drop points. we have a stadium that is all but paid off, a minute wage bill compared to the other top 6 teams, a fantastic youth system that is bringing up players with genuine quality year after year so i think we deserve this trophy, to silence the critics and the fans that have stood by the team during this transition.
Please educate yourself before spouting incorrect nonsense. The stadium is NO WHERE NEAR being paid off.
Likewise Arsenal have been financially significantly stronger since the stadium move than before. We won things before but not after. Atletico/Dortmund/Spurs/Brum/Swansea have all won cups(and apparently something like 40 other english teams) since we last won something. Financial ability to compete isn't total. YOu need to be able to compete financially to sustain a challenge long term, but we see proof almost every season of very weak teams financially having great cup runs or winning cups and not bottling every big game. Anyone can win any game, that is the thing with sports, the more money you spend, the better team you have, the more often you are in a position to win things. We have categorically underperformance for the money we spend.
160mil our wage bill is predicted to be this year, Chelsea's was 173mil last year. Spurs have been within a couple points of us spending 40-50mil less in wages, while we've(for say 7 of the last 9 seasons) been MILES behind teams only spending 10-30million more than us. Financially we are significantly closer to Utd/Chelsea spending than we are to Spurs/Everton, yet which teams do we really compete with.
As for finances again, Chelsea/Utd/Liverpool getting anything from 15-35mil a year for shirt sponsorship over the past decade or so, Arsenal signed a deal for 100mil, for shirt and stadium, for a decade.
We could and SHOULD have made a LOT more money in the past decade, it has nothing to do with the stadium and doesn't mean we weren't financially strong, we could have simply been stronger.
“A) Yes – and may I stress most importantly – Arsenal are now in a good position to push on, spend and compete. We agree. But – B) debt position has been steady for years; the current repayment schedule was set in place by Keith Edelman and it’s no more or less onerous than last year or the year before; C) debt is not nearly paid off; there is £246m of it and it won’t be paid off till 2031, and that’s just the stadium not the bonds; D) there was money to spend last year as well – we ended the summer transfer window with about £70m of spare cash, and most of it sat there all through January; E) the figure for spare cash is not idle speculation, it comes from analysing the accounts, which is done independently by qualified accountants in the AST and the equally qualified Swiss Ramble. They reach similar conclusions and in personal discussions between AST Board members and the club, the club confirm many of the figures.
from
http://angryofislington.com/2013/05/21/gary-neville-arsenals-debt-is-nearly-paid-off-pardon/
We have actually less than that as it's a year ago but as of last summers transfer window we had £246mil of stadium debt, it's been repaid precisely as planned since the stadium was finished and will not be paid off till 2031. NOTHING has changed with the stadium, we haven't remotely paid it off, we aren't close to paying it off, the same payment amount goes out every year and didn't effect our spending this year, nor next, nor any of the past 10 years.
Anyone who says this simply can't count because the figure is included in Arsenal's yearly financial records and before the move the loan amount and payment schedule was known.
The stadium has never ever reduced our financial competitiveness, our woeful sponsorship deal DID however we still had way more money after the move than before.
We were spending 65mil a year in wages before the move, we spent £143mil in 11/12 and 154mil in 12/13(funny I was told how wrong I was during last season to estimate our wage bill would end up at around 155mil, in fact many people told me I was miles out and talking crap... funny how ridiculous close I got when I spent all of like 2 mins thinking to get that number). We are spending 90million more on wages alone(and other costs have also increased), yet our stadium repayments of under 15mil.... mean that 90mil extra we spend every year is somehow no better than while at Highbury? lol
http://www.arsenal.com/assets/_file...1380277138_Arsenal_Holdings_plc_-_Annual_.pdf
If anyone bothered reading they would know what utter twaddle it is that we were financially weaker from the stadium move, what complete rubbish it is that we've basically paid off the stadium, and that financial trouble has in any way been the cause of Arsenal's lack of competitiveness. Atletico Madrid literally makes those claims embarrassing. Barca/Real spending 200mil + on wages, 80-100mil on a single player, have 400-500mil turnovers..... yet Atletico are leading the table into the final game of the season with a wage bill of 65-70million, oh, going in to the champions league final as well, having beaten Chelsea, Barca and others, again with their 65-70million wage bill.