The "financial" position thing is completely bogus, and like most journalists failed to notice anything useful.
Arsenal have had INCREASED spending power by a massive factor since we moved, it will only increase further still once the loans are paid off.. potentially, we'll be more profitable it won't mean we'll spend more.
We had say 50mil match day income, from the second we moved we had basically 100million match day income, and the loan repayments are basically 20-30mil. What people are comparing is that in 15 years we'll have 50mil extra compared to matchday income from before the move, but today its still 20-30mil higher than it was before. We've never had less money since the move, at any stage.
Most of the debt has been serviced by selling flats anyway.
When we left Highbury we had circa 60-70mil wages, today we're spending 143mil, without making a loss... within a couple years we'd increased wage spending massively its been above 100mil for quite some time. Of course tv money has gone up in that time but City got 40mil total tv money last year, the roughly 80mil wage increases since we moved clearly aren't covered in total by just tv money, not even close, not even half.
Arsenal are today spending over 80million more than we were before we left Highbury, anyone who says we've got weakened spending power since we left is just entirely wrong. Will we have even more potential money to spend when the debt is fully serviced, sure, but one of the reasons for the move and the structured debt was because it would immediately improve our financial competitiveness and would increase further over time.
If we were at Highbury, 143mil wages would be bringing with it a 50mil a season loss, plain and simple.