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cubeadvance

By cubeadvance
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Daley

Daley

Posted
Posted

I think you got dicked far more by the naming rights/sponsorship deal, £100m for stadium and shirts for 15 years is awfully low.

We must have been fucked financially at the time. It was like a closing down sale. Everything must go.

Also the shirt sponsorship runs out in two years. Still pretty shit in comparison though.

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BlinkyBear

BlinkyBear

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The stadium has got something like £92mill left to pay off but paying it off early would result in around an extra £100mill in 'fines', IIRC.

In terms of the sponsorship (and we really fucked up on that deal as someone said, relative peanuts compared to most sports teams) it's up in 2 years, hence why Gazidis is starting to look at potential sponsors now.

There's a brilliant book on this that's well worth reading. It's VERY Pro-Dein and doesn't deal with the ins and outs of every match, rather an evaluation of each season with the 'business' as context, but it's brilliantly insightful. http://www.amazon.co.uk/Arsenal-The-Making-Modern-Superclub/dp/1907637311/ref=sr_1_1?s=books&ie=UTF8&qid=1342005581&sr=1-1

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Lucky

Lucky

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Taken from ANR - Probably not a million miles from the truth.

From David Hole : Usmanov's letter

This is more interesting than the forthcoming season for us Arsenal fans.

I have for at least three years believed that the model for running Arsenal was about mid-term profit.

The key in all this is the sponsorship deals that are coming up for renewal next year 2013/2014.

Arsenal owe approximately £225 million and they have a cash surplus of £115.6 million as of November last year.

Effectively, they owe the banks £110 million.

This means that the debt is like a someone earning 50k a year having a 25k mortgage. Arsenal turnover approximately £190-200 million pounds a year and spend practically all of it on wages to the chumps in the reserves and new players to the tune of about £30-40 million a year.

Kroenke is waiting until the sponsorship renewals come in the door to wipe out the debt and with it about £15 million a year interest payments, so that when he sells he makes a very tidy profit.

My basic maths, and the value of the share price on offer, would mean that he would get would probably in the region of £17,000 allowing for an increase of £1,000 per share once the debt is cleared.

Kroenke paid £11,750 and so would be making in the region of 75% profit.

Where else can you outlay approximately £300 million and get back 67% (what he owns of Arsenal) of £1.2 billion over three years ?

Nice work if you can get it.

Chaps, get your cheque books ready for November 2015. Arsenal will be up for sale to the highest bidder and we won't be buying anyone worth a dime until then.

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Art Vandelay

Art Vandelay

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Surely everyone knew that anyway? It's not like Kronke owns a bunch of sports team for the art of it. After all, even the most profitable clubs are a shitty, incredibly risky investment compared to other things you could sink your cash into. In 2015 we'll probably look back on the days of being owned by a tight-fisted American compared to a suspiciously criminal Russian as the golden years.

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carlito

carlito

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The shirt stadium sponsorship deal was a major coup at the time. Unfortunately no one could have predicted the meteoric rise in market rate that followed so what was a brilliant deal has now become quite a gash one as we near it's term.

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Steve007

Steve007

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It was about £400m. We was conned.

It wasn't just the stadium, the club had to pay for all the local businesses to be relocated, a new site for the council and all sorts of other extras.

Regarding money, I've been hearing a few stories on how George Graham kept his bank balance topped up :lol:

A lot of the reserves in the early-mid 90's were on large contracts (some of the players you would never really have heard of as they never played a first team match). George Graham would get players bumper contracts and in return the players gave him a percentage back. And it won't come as a surprise to learn that there were plenty of bungs he received that were not reported/known about, even after he got sacked. I think it's safe to say that sort of thing was rife in the game and perhaps still is.

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Rev

Rev

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Posted

:omg:

In other news, Walcott is [paper talk] going to Liverpool, where Brendan Rogers is keen to bring in a fluent passing game, with the exception of £15m running in a straight line fast then falling over.

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Art Vandelay

Art Vandelay

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I wish Bendtner would genuinely realise he's an average footballer and adjust his expectations accordingly or we'll never get rid of him. It sounds like dozens of clubs have been in for him but he's unwilling to leave for less money or for a club more fitting to his ability. The penny really should have dropped when he had the choice between Stoke and Sunderland in last minute panic loan deals. Come to thing of it, I'm not even sure we've offloaded a single player yet. I was hoping for a stampede of unwanted carthorses by now.

Walcott is another player who has drastically overestimated his worth. It's a dangerous game to play with a club when you have spent well over half of your career being totally shit. I can well see him being shown the door for him to become yet another flop in the parade of shitty Liverpool wingers. It'd be a pity if we reverted to type by swapping an established footballer for an untested kid, but there you go. I just hope it doesn't drag on because that is one transfer saga I don't think anyone is interested in.

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Rev

Rev

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I maintain a front-two pairing of Walcott and Bendtner would be ace, but they're both fairly shit being shoved down the right wing, so I don't really care where they go. I'm just hoping Bendtner goes to a nice foreign club so I have a new team to support.

Walcott might come good, but I'd take the money in a gameshow-type "Gamble!" situation. So he'll sign a new contract.

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Art Vandelay

Art Vandelay

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The myth that Bendtner will come good if only he played up top and for a full season must surely have been dispelled now after being totally pump for long spells in a team that were both flying and also playing to his strengths. I think he got arrested on more occasions than he had decent performances. Again, it's a pity it didn't work out for him but let's just get shot of him for whatever money is on offer.

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BlinkyBear

BlinkyBear

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The myth that Bendtner will come good if only he played up top and for a full season must surely have been dispelled now after being totally pump for long spells in a team that were both flying and also playing to his strengths. I think he got arrested on more occasions than he had decent performances. Again, it's a pity it didn't work out for him but let's just get shot of him for whatever money is on offer.

Bendtner: scored more than RvP at the Euros in a worse team.

As the good man in the mental video points out:

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Rev

Rev

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Posted

Also, if we must acknowledge any suggestion that Bendtner isn't the answer to not only every problem at Arsenal but also the forthcoming fossil fuel shortages, the way Arsenal play is much more suited to Bendtner than Sunderland. He finds space that a ball along the ground can reach - he's not a dumb target man that scores nothing but headers. He just happens to be tall.

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cantonarv

cantonarv

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Posted

It wasn't just the stadium, the club had to pay for all the local businesses to be relocated, a new site for the council and all sorts of other extras.

Regarding money, I've been hearing a few stories on how George Graham kept his bank balance topped up lol.gif

A lot of the reserves in the early-mid 90's were on large contracts (some of the players you would never really have heard of as they never played a first team match). George Graham would get players bumper contracts and in return the players gave him a percentage back. And it won't come as a surprise to learn that there were plenty of bungs he received that were not reported/known about, even after he got sacked. I think it's safe to say that sort of thing was rife in the game and perhaps still is.

Yeah this is true - the amount of corruption/bungs was very widespread - now with the amount of money in the game its not much of an issue as everyone is a multimillionaire. My mate a serious hammers fan was telling me harry was sacked from the west ham job for bungs as you describe above.

The only thing to counter a lot of this shit is US style salary caps and a draft.

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