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cubeadvance

By cubeadvance
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Daley

Daley

Posted
Posted
Of course if Kronke buys you out, you'll probably be in exactly the same situation. Something to look forward to. ;)

At least he can't make a bid for the next year or so, he was asked if that was his intention at the AGM.

And the chairman answered for him I believe to say he has no comment. :(

I will see if I can find the quotes.

EDIT: http://www.bbc.co.uk/blogs/gordonfarquhar/...at_arsenal.html

What we did get, eventually, was the elephant-in-the-sitting-room question: "What are the intentions of Mr Stan Kroenke?" The major shareholder, who's put himself in pole position for a takeover was at the top table, but didn't answer.

However, I doubt he'll be content with Peter Hill-Wood's explanation that he's "very happy to be a long-term shareholder" before adding he couldn't say any more with the Stock Exchange takeover panel looming and the club's lawyers getting twitchy.

He can still bid then. Hopefully not a debt-fuelled bid as he hasn't really done that with his US teams. I think.

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Dude Ranch

Dude Ranch

Posted
Posted

Just read this in reply to the facts and figures Daley posted up there. I'll be honest, it could be right or it could be bullshit. Anyone got any educated opinion?

Arsenal just released their latest financials so Geoff and I have put a few comments together about our initial thoughts on what we’ve been presented.

Key points and questions:

We’re £200million in debt. £130million less than last year.

What happened to the sponsorship money we received up front? £100million from the Emirates + whatever Nike provided.

How come the property sales haven’t covered off more of the debt? £95mill to develop, we’ve recouped £200+ million so far with a further 130 odd flats to go.

What happened to our television money? We earn £50million+ from the EPL and the Champions league.

What has happened to the transfer budget we never spend? We’re in the black for the last 5 years.

Pleading poverty when you can comfortably increase the wage bill by £17million seems a little outrageous. This is before Cesc has signed a new deal, so expect it to increase further despite no additional achievement (You know, trophies). This increase is despite losing Adebayor (80k p/w) and Kolo Toure (50k p/w).

The player sales of Adebayor and Kolo appear to be key to keeping us in profit, despite the fact we lumped £130million off the debt. Will are use this as a stick to beat the fans who want us to spend money?

Arsenal make £3million a game of of you, the fan but don’t want to give anything back for your investment.

Conclusion:

The club are being frugal to pay off the debt quicker, but why? We have a 17 year mortgage don’t we?

Is it to be able to invest in the world class player that are currently out of our reach or is it to make the club more attractive to sell to an investor who will immediately plunge the club into debt and put us in a Manchester United/Liverpool situation.

If it’s the latter, like Geoff and I have predicted for a while… are you still happy?

More to the point, what is the MO of Gazidis? Is it to make us a world class club or is it to clear the debt for the owner in waiting, Stan Kroenke. I wonder what the bonus scheme looks like for our master of marketing and man of the people?

Is he the trojan horse, has he been employed to use our money to fatten the wallet of a billionaire? Is this the reason Stan hasn’t taken his holding to 30% becuase he doesn’t want to buy the club till it is debt free? No wonder he doesn’t answer questions at the AGM…

Will the fan base wake up and smell the coffee now? Are the debt buster brigade still pleased to see fan money go towards making a hideously wealthy cowboy even richer?

We’re being conned and it makes me sick to the pit of my stomach.

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Rev

Rev

Posted
Posted
Just read this in reply to the facts and figures Daley posted up there. I'll be honest, it could be right or it could be bullshit. Anyone got any educated opinion?

That's clearly a load of ill-informed bollocks. Eg.

"What happened to the sponsorship money we received up front? £100million from the Emirates"

That we received upfront? Probably in accounts dating back 5 years now then, and consumed by the cost of the stadium build. Plus before it started, we were £60m in debt, see:

http://www.telegraph.co.uk/sport/football/...-the-brink.html

Which I'm sure costs about 50p in interest and fees to look after.

And everything from gate receipts, to player transfers are covered in the £26m profit. That's where all his questions are answered.

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Dude Ranch

Dude Ranch

Posted
Posted
Where was that from Dude?

LeGrove? I got linked to it from elsewhere.

It caught my eye simply cos of a comment I made earlier, ie that I've had a suspicion that the lack of transfer activity etc. is setting someone up for a pay day at some point.

Anyway, Rev is probably right that it's rubbish.

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Dude Ranch

Dude Ranch

Posted
Posted
You're trying to pay the debt off quicker so UEFA don't fuck you in the ass when the financial fair play stuff comes into force.

Which is probably a good idea seeing as Platini really really hates Wenger.

I thought debts for stadium moves/improvements were exempt though. You could hardly accuse us of buying titles through the transfer market -_- .

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fatbob

fatbob

Posted
Posted
Stoke long throw, Stoke goal

4th fucking time they've done us with the same set-piece!

Everyone knows how Stoke play except Wenger and the players. Mugs.

To be fair to Stoke, they've adapted a bit from relying on the Delap as much as they did last season, and had to. Its just they know it worked almost every time against Arsenal, its mental.

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Steve007

Steve007

Posted
Posted
At least Shawcross looked devastated, unlike Taylor.

Get well soon, Aaron. :facepalm:

It's the wrong time to talk about it, but our squad is now one player short for at least the rest of this season. We don't have anyone decent to come in to the central midfield position! This injury is a crushing blow for the club.

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MiniVixen

MiniVixen

Posted
Posted

Just saw the incident again, ugh. Tackle was nowhere near as bad as Taylor's, just unfortunate really.

Luckily recovery from this sort of thing is not normally a problem these days - remember wasilewski earlier this season? He's going to be back before the end of this season apparently.

Edit: goal!

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