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Arsenal wait in Transfer Logjam

Arsenal wait in Transfer Logjam

The transfer market has been held in a logjam for a few weeks now as a number of high profile potential transfers are interdependent. Despite the 'money no object` impression that some clubs give such are the fees and salaries commanded and demanded by players now that budgets can only be balanced if incomings are balanced by outgoings. Football might seem to live in a different financial zone from the rest of business but a 'credit crunch` in an industry that borrows as heavily as football has to be felt there too. Funds are not so readily available and not quite so cheap especially if you are carrying debts not secured against genuine assets.

Peter Hill-Wood made reference to this in a Q&A session published on the clubs website saying …maybe people need to be waking up to the realities of the world and that the days of easy money have come to a pretty sudden end. There is an awful lot of talk about big transfers and major demands of players but you will find throughout the UK and Europe that money is not quite as easy to obtain as it used to be. So I think a lot of these stories emanating from agents may not actually come to fruition. There is a lot of talk and not a lot of action.

Despite it`s posturing AC Milan has little money and is relying on little that requires significant up front payments. Much of this transfer logjam sits at Barcelona`s doorstep. They are the team with the biggest upheaval with a number of big money players set to depart including Ronaldinho and Eto,o. Committing themselves to big salaried acquisitions while these two remain on their books maybe beyond them especially as they have spent big already and recouped little on Deco. So hefty are the sums involved that few transactions can be completed without squaring the financial circle first. Once one goes down the others can and probably will fall into place.

Real will wait to see how far they can go with Ronaldo before perhaps entering the fray for other targets. If the Ronaldo deal proves possible virtually all of Reals financial resources are spoken for. If not then they may well enter the market. That may revise the potential destination of one or two players. The same decision probably also impacts on Fergie`s decision on whether to go for Berbatov or not. Without that sale, or the sale of Keane, Spurs may struggle to justify the £17m needed to go for Bentley. Whether Liverpool will go for Keane or Barry depends on outgoing sales. Now that the Alonso sale to Juventus has broken down the money and the space for Barry may not be quite there. The financial background for any potential Villa deal for Bentley becomes a lot clearer once they are clear on the deal they have for Barry. If Arsenal are interested in him it maybe only if Liverpool has had to withdraw and at a price that reflects that reality.

Hill-Wood seems keen for the club to hold its nerve. …. a lot of people don`t seem to realise that in the long run you must run a football club on a sensible commercial basis. A lot of the figures bandied around at the moment don`t make commercial sense to us.

A number of players are being openly hawked around the transfer market. Arshavin having fallen in and out of love with a number of successive clubs all whom has been his 'dream` move. So far without takers - at least at the price that his club aspire to. As the season begins to get underway squads will need to become settled. In the coming weeks prices will become more realistic and deals may be concluded. Who will blink first? Maybe we are reaching the point when realism begins to dawn in an industry that thrives on financial fantasy far too much for it`s own good.

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Date:Tuesday July 15 2008
Time: 1:45PM


Too many people think you can just go out and spend as much as you like, the reality is, as stated by PHW and this article, that you've gotta pay what you can afford, and much of the time that is relient on other clubs sales so you can sell so you can buy. I don't care about transfers anymore, I just wanna watch football.
15/07/2008 15:02:00
EXCELLENT ARTICLE!!! Someone send this to the idiot that runs that cr-ap blog, Le Grove.
15/07/2008 15:09:00
I'd love to see how most of the blog population who reel off big shopping lists could respond to these sorts of realities. Unfortunately, there will always be fascist tosspots like le grove to feed the fertive indignation of the moronic, championship manager fuelled pre pubescents that pass for football supporters nowadays.
Little Dutch
15/07/2008 15:15:00
maybe the transfer period should be a week and a half long right at the end of the season so we know exactly whats up, everyone shuts up and we wait anxiously for the season
15/07/2008 15:19:00
Realistic prices in the transfer market is still a pipe dream atleast this window - 18m for Barry, and 17M for Bentley are not at all reflective of realistic prices. Madrid will still try to sign Ronaldo for £50-60M and thats still an obscene amount of money to spend on just one player. But the article makes a good point about the domino effect, and much of it seems hinged on Barca's moves now. They sell Ronaldinho to Milan, means Ade doesnt go there. Then Wenger will not sign Santa goes on. I just hope things are resolved soon so that we start with the actual football, coz I have a good feeling about the coming season for Arsenal.
15/07/2008 15:20:00
Great article Amos. Its times like these that clubs like ours come to the fore. We've been balancing our books for years. Its nothing new to us and I for one am glad we do business this way. Its clubs like Barca, AC, Real,Liverpool and Man U that are suddenly in uncharted waters. We've years of experience on them. THe recession was made for us!!!!!
Bradys Chips
15/07/2008 15:27:00
Vital Arsenal has been slated a few times over the years (most notably by Arseblog) simply because we don't conform to the usual blog style of quoting and linking all the pieces of Arsenal news in one article, but I like to think we offer a reason, well thought out articles that try to be as true and realistic as possible .... and it's articles like this that puts us one step ahead of other Arsenal fan sites and blogs, and it also make me extremely proud to be editor of Vital Arsenal!
15/07/2008 15:34:00
Great article. This is why i love VA. We do not just sit back and allow the world to brainwash us. I HATE LE GROVE!!!!!!!
15/07/2008 16:18:00
Let's face it, Vital Arsenal is definately the classiest Arsenal site around.
15/07/2008 16:28:00
The whole article speaks truth. Sums up the current chaotic situation of the silly season.
15/07/2008 16:42:00
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