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cubeadvance

By cubeadvance
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TehStu

TehStu

Posted
Posted

o_O

Crikey. I always knew there'd be a bit of a lull in the interim and that we'd have to grind it out until the investment started paying itself off (by the way, I assume we're all well and good for paying off the 400m ish for the new ground?) but I didn't realise just how substantial the return would be.

In retrospect, I don't think it makes any sense at all for us to look to an investor now.

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Daley

Daley

Posted
Posted
o_O

Crikey. I always knew there'd be a bit of a lull in the interim and that we'd have to grind it out until the investment started paying itself off (by the way, I assume we're all well and good for paying off the 400m ish for the new ground?) but I didn't realise just how substantial the return would be.

In retrospect, I don't think it makes any sense at all for us to look to an investor now.

From Arsenal.com with Edelman answering:

Credit wrapped bonds have been secure in the fast financial year. That has reduced the annual debt service cost from £32m to £20. That is a key move isn't it?

Yes I think that was very important and obviously with the financial markets in their current position, our timing looks to have been impeccable. We're now down at 5.3 per cent as a blended interest rate and that is fixed over 25 years and I think that's a very important point that fans need to understand. Over 25 years, clearly our gate revenue will increase with inflation but our interest costs will stay flat throughout that period so the gap between our revenues and our costs will increase as we go through each year.

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Steve007

Steve007

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Posted
This was before player sales and depreciation were taken into account.

The club also hope to make money from property. Next year, they will get £30m from Ashburton Grove and £60m from Highbury Square in 2009.

The good figures are also reflected in the bank balance. At the end of last season, the club had £73.9m tucked away.

Next year looks very prosperous too! Dein and that fat Russian fuck can piss off. We don't want or need them.

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Lucky

Lucky

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I can see why someone would be interested in buying Arsenal, basically these greedy fuckers smell money and just want a piece of it.

I hope we stick to our guns and tell them to fuck off, whoever they might be, Dein and his Russian mate or the American.

If it wasn't clear before it should be crystal clear now that Arsenal don't need a backer, money man or whatever they call themselves.

This is superb news what with things taking shape nicely on the pitch too, top of the league, good result in the CL, Cesc looking shit hot (show me a better player in the premier league or in the world for that matter at the moment), Sagna looking like the signing of the summer, Clichy turning the Ashley c*nt situation into a reason to laugh at the Chelsea c*nt, and Adebayor turning into Drogba of last season.

Things are looking so good at the moment that we don't even really feel the need to laugh at the Chelsea shenanigans that much.

I'm trying to not get carried away but it's very difficult not to at the moment.

:)

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Lucas

Lucas

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So Adebayor, eh? I was one of the "PPL" who said he wasn't good enough for Arsenal and I am very, very happy to be proved wrong.

However, 2 or 3 good games do not a season make. There's a long way for the Togolese and the whole team to go this year.

Couldnt have asked for a better start, really (except for three points aginst blackburn. Thanks Jens).

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Mars

Mars

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Nevertheless, the move to Emirates still burdened the club with considerable long-term debt to fund the project.

However, that has been refinanced into bonds which, according to the club, provide "a significant reduction" in annual service costs over what has been effectively set as a 25-year repayment period.

The financial move, though, was represented in the accounts as a fall in annual pretax profit by 65% to £5.6million.

Eh? It says elsewhere that our group opertaing profits are £51.2 million?

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Cosmic_Guru

Cosmic_Guru

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Results are phenominally strong in the circumstances - recording a pre tax profit after serving the debt and accounting for transfers.

Interesting stuff from a meeting with Fitzman, Edelman and supporters club reps here

Overwhelming message to all potential greedy **** and would-be chairmen - KEEP AWAY WE DON'T NEED YOU.

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Lucky

Lucky

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It's good to hear that we've made so much money and that we definately don't need a takeover. This club seems more than capable of looking after itself. The move to the emirates seems to be a masterstroke.

All down to one man if you ask me, do I even need to mention his name?

Not really.

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Dude Ranch

Dude Ranch

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Not a bad second string.

Knows it. Strong throughout.

The news about our incredible profits is gonna bring a takeover closer, isn't it? ;)

Francesc Fabregas, the man of the moment for Arsenal fans this season, has said that he can see himself spending the next ten years at the North London club.

;)

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Petrousgyre

Petrousgyre

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The news about our incredible profits is gonna bring a takeover closer, isn't it? ;)

;)

No, not necessarily - it make us far more expensive to buy and the free capital we have slooshing around at the moment can, I assume, be used to buy up more shares in Arsenal in order to galvanize the boards position. I fancy the goings on at Chelsea would make another Russian takeover even less attractive in the eyes of supporters and the media.

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