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'We have got money' says Hill-Wood

'We have got money' says Hill-Wood

The headlines accompanying yesterdays comments from Hill-Wood, at the opening of the transfer window, have probably met his expectations. 'Arsenal cannot afford to spend big` 'Arsenal won`t be buying` 'Wenger facing funds shortage` and 'Wenger in cash freeze` are all typical of the media response to those comments.

What Hill-Wood said was: "I don`t think there is a lot of money anywhere.

"One has got to look ahead - in the future there is probably not going to be much more money coming in.

"We have got money, but I am not sure we are going to spend a lot of it. We`ve got to continue to run the business in a sensible way. It may sound boring, but we are not going to rush out and spend fortunes on people who won`t help us achieve anything better than where we are at the moment.

"Arsene has a lot of young, talented players at the club and I think he will probably give a chance to one or two of them."

Anyone taking any notice of the published accounts would know that he is right - we do have money - £93m in cash at the end of last season in fact. Sure there is the issue of the property developments to consider but so far there hasn`t been any news that contradicts the bullish statements made at the last AGM. You might think that his statement on transfer spending was designed to lower the expectations of those the club might seek to buy from but anyone dealing with the club on that level would be fairly au fait with the clubs general financial well being. Less than a month ago Wenger declared on the club website "We are also in a strong financial position at the moment."

So if the comments were unlikely to lower expectations amongst those that the club is dealing with maybe the intention is to lower expectations among fans. If so I think that is the wrong tack to take. When it comes to transfers Arsenal fans expectations shouldn`t need lowering. Not for the first time our beloved chairman would have been better served saying nothing if that were his intention.

As to what we will do in the transfer window I think there is one small clue in "… I am not sure we are going to spend a lot of it". So we are going to spend - but not a lot - so no big names then? Now there`s a surprise!

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Date:Friday January 2 2009
Time: 10:45AM

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In toher words we can only spend 40 million?
02/01/2009 10:48:00
You know we all talk about AW not spending big then transfer windows open. That he doesn’t buy experienced players. We were all wrong and I apologize calling for AW to be sacked. For what Hill-Wood said to day it proves they don’t give AW enough money to buy world-class players. And I think he is forced to use the young players. read carefuly to what he said. "Arsene has a lot of young, talented players at the club and I think he will probably give a chance to one or two of them." They are happy if we finish 4 and reach the CL place. So they can profit some money. I think we should be shouting at the board not AW. anyone agree?
02/01/2009 10:53:00
I don't think the board are at odds with Wenger in anyway. If he wants to spend the board will back him. Wenger is entirely behind the policy of the club.
02/01/2009 11:05:00
Good article Amos - Some sites (whose names I shall mention) have read the headlines and instantly started crying about ticket prices and how they're owed superstar players, but what they failed to do is notice the segment which you highlighted. The current economic climate means we are probably a little more strapped for cash than we have been in the past, but as you say we were never gunna sign big money players anyway. I'm still sure we'll get a couple of players but those fans thinking we were gunna get wholesale changes in every position this window will be crying in their cornflakes this morning.
02/01/2009 13:32:00
**shall not mention
02/01/2009 13:32:00
I dunno what to think anymore when it comes to Arsenal and money. Only a couple of months ago Danny Fizman said the board would have no problem in letting Wenger spend £30m on one player, now PHW is reported in the morning newspapers saying we haven't got any money! I thought WTF is going on! Now Amos has published what from reading it I believe now is the real transcript of the interview as I don't trust the media but I trust Amos. As you say the cash available is £93m then PHW could be right. Spending £20m on a couple of players wouldn't be that much! lol!
02/01/2009 14:31:00
0 Wenger seems to be following PHWs line in this article. He's broadly hinting that he will spend but won't break the club to do it. Fine by me, but he does have to sign someone or else it's UEFA Cup next year.
Little Dutch
02/01/2009 15:36:00
I read the article LD linked, and personally I think it is more irresponsible and more likely to put Arsenal in jeopardy by NOT spending. It is entirely possible that quibbling over one or two million pounds can cost us £30million in Champions League money. Would we be bemoaning the lack of width if we had spent 'too much' money on Frank Ribery? Had we spent the rumoured £2m extra Liverpool wanted for Alonso, not only would we have a better, more experienced midfield, but Liverpool would be substantially weaker. I live in Canada and the winters are cold here- if I had enough money to buy a warm winter coat but thought that the asking price was too high and refused to buy so I went through winter shivering cold, would you call me altruistic or retarded? I'm not saying we have to spend ridiculous amounts of money, but surely the club is run well enough that we have money to buy top quality players to fill the obvious gaps in the squad.
02/01/2009 16:24:00
40 million is a good kitty for january we need to spend it to stay in the top 4 let alone title race and he says: won`t help us achieve anything better than where we are at the moment. we are not achieving any trophies at the moment let alone a top 4 spot so y say that
02/01/2009 16:44:00
Spending money by itself doesn't guarantee anything as other clubs have found. Does an extra £2mn guarantee that you get Alonso or weren't Liverpool going to sell anyway once the Barry deal fell through unless the deal was really silly? It's easy to imagine that these transfer deals are straightforward but there are other considerations personal and political that come into play too. Getting the right player under the right terms is just a little more complicated but if we can't get the right player(s) we might as well stick with what we have got otherwise we just reduce our ability to buy in the summer or perhaps keep the players we do have.
02/01/2009 17:00:00
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