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Arsenal Have No Cash Claims Manchester Manager

Arsenal Have No Cash Claims Manchester Manager

Manchester United manger, 'Sir' Alex Ferguson has made a bizarre claim that he 'knows' that Arsenal have no money to spend despite the recent sale of Emmanuel Adebayor.

The Arsenal and United managers have a long history together that spans over ten years, and has featured epic title battles, fierce mind games and even food fights, but despite the fact that the rivalry has calmed somewhat in the past few years due to the Gunners failure to really press home a title challenge, the purple nosed one seems intent on rekindling that rivalry this year with some rather odd comments that appear to come out of the blue.

Discussions, especially amongst Arsenal fans often take place on the subject of whether or not Arsene Wenger's youth policy is a matter of necessity or if the Gunners gaffer could, as we are told each summer by the board, spend £30M on one player if he so wished. Well it appears Alex Ferguson knows the answer to that.

Fergie said: 'Arsenal have got the biggest test to be where they want to be. I know Arsene doesn't have any money. I think they're struggling cash-wise, so it's a big test. They've sold Adebayor and there seems to be evidence that he can't use the money.'

After speaking briefly about why he thought Wenger turned down Real Madrid he reiterated his stance.

'I know Arsene doesn't have any money. They're struggling cash-wise so this season is a big test'

With the Adebayor deal only being officially completed yesterday I'm not entirely sure what evidence SAF could have acquired to come to the conclusion that Wenger wouldn't be able to spend his profits on strengthening the squad.

Indeed Wenger has already spent a reported £10Million on new defender, Thomas Vermaelen long before Ade was even courted by City and whilst Wenger has openly commented about the possible purchase of Bordeaux's Marouane Chamakh.

It's plainly obvious that Arsenal don't have anywhere near the spending power (massive debt) that United have, but to say he knows that we don't have any cash appears to be a little wide of the mark.

He does have one thing right though ..... this season is going to be one of Arsene's biggest tests yet.

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Date:Tuesday July 21 2009
Time: 10:04AM


Well, as much as i hate ManU, he does have a point. I think we're all a little bewildered on how little we spend. I know the Stadium is gonna take some pay off, but AW has a history of buying players and selling them for 300%-600% profit. Anelka, Marc Overmars, Adebayor ...there's gotta be more? I'm not sure about Henry, Hleb, Flamini and Viera? But yeh ...SURELY we have more money then we spend? And if not, where does it go?
21/07/2009 10:35:00
Old bacon face must be looking over our accounts aswell. I seriously doubt he has access to our books, or PHW told him so or Wenger went begging cap in hand to a team £700 million in debt and not even making full repayments (released in Man Utd's yearly statement). Added to the fact we had a couple of quid to spend before Adebayors sale and the fact we have just trousered £25 million from man City and me thinks we DO have a few squids to spare. I don't mean £30 million to blow on a Veron type of player but you get the idea. Seems like the rantings of Demento will continue unabated until he slowly slips into a an alcohol induced coma.....
21/07/2009 10:37:00
I'm sure Wenger phoned Fergie up and told him the intricate details of our club's finances. This should be taken as encouragement for Arsenal fans that Ferguson construes us as a threat again. The fact is, United have lost their best player, acquired £80m in the process and have bought Valencia and Owen. I think United will cope, but in reality their test is much greater than ours in reshaping their attack and there are much more pertinent questions on how much of the £80m from the Ronaldo sale has been ringfenced from Ferguson and ploughed back into the club's gargantuan debt repayments. Ferguson knows this and he also knows that Arsenal fans at the moment are a bunch of negative ********s who are very detrimental to their team at home games, Ferguson knows this and is trying to play on that and arouse that negativity again.
Little Dutch
21/07/2009 10:38:00
Maybe we need to start an "Arsenal Fans Unite" Campaign? :P
21/07/2009 10:42:00
Injuries have hurt us over the last two seasons, not a lack of cash. If spending millions on players like Veron, Djemba-Djemba, Kleberson, Hargreaves and Nani means you are flush with cash, then I am happy to be skint. I will make do with players like RVP, Cesc, Sagna, Clichy, Bendtner and Gibbs.
Cockney Rich
21/07/2009 10:57:00
It beggars belief that despite publishing interim and full accounts every year readily accessible on the club's website so many are so willing to make statements out of sheer blind ignorance. That ignorance is also a matter of choice too because the information is freely available. Arsenal has plenty of cash - a very healthy amount in fact. Whether its makes financial sense to spend all of it while the clubs obligations on loans and loan covenants have yet to be satisfied is a question not easily answered outside of the board of directors. What you can say is that the club is financially very healthy and is likely to continue to be so over many years as long as they maintain their current policy of common sense fiscal management.
21/07/2009 11:04:00
Arsenal are sitting on cash reserves of nearly £80 million, not including anything from Adebayor's sale. £30 million oh which is loan repayment insurance and must be kept liquid so that if any financial problems arise we can garauntee part of the loan repayment for another 12 months. So with the best part of £50 million plus Ade's cash we're skint, according to Demento.
21/07/2009 11:14:00
As at 30th Nov 08 the club had 'cash at bank and in hand' of £75.659m - up £6.5m from the same period in the previous year.
21/07/2009 11:16:00
I think we will see come september the 1st whether we have money to spend or not. If we spend less than 10m then it would appear we dont have the money in my eyes. If we look over the last 4 or 5 years, how much money have we actually spent compared to sales? Im sure there are 10+ teams who have outspent us in that period in the premiership
21/07/2009 11:37:00
You are right Paul, if you actually look at the teams who have spent more than is in the transfer market, it would frighten you. Middlesbrough being one of the teams. That tells me all I need to know about the sound financial aspects of running a football club.
Cockney Rich
21/07/2009 11:43:00
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