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Cashburden Grove? I Don't Think So

Cashburden Grove? I Don't Think So

Those of you who 'enjoy' a visit to other Vital sites will have noticed the editors of Vital Chavski and Vital Spuds often refer to our spanking new stadium as 'Cashburden Grove', suggesting that our move to Ashburton Grove was one that will cripple us financially.

Well upon release of Arsenal half year financial results (the first since the move) I think it's safe to say that the respective editors will have to find a new nickname for our stadium.

The figures are impressive to say the least.

Compared with the figures from the same period in the previous season the club turnover is up to £100.8 Million from £57 Million & the operating profits are up to £20 Million from £8 Million.

You can read the full interim document here.

Even though we have only been at our shiny new home for a short space of time, it's plain to see the reasons why it was so important to make the move as the club's ambition to take our standings to the next level.

So any comments made from here on in can be presumed as jealousy after their well thought out statements have been proved to be a far cry from what they would have you believe.


Click here to join in the debate on the club forum.

Writer:Rocky7
Date:Wednesday February 21 2007
Time: 10:37AM

Comments

0
I still beleive we are in for 2 more years of belt tightening in terms of spending on the team. once all the property deals are put to bed, I think the club will go from strength to strength financially speaking.
gazzap
21/02/2007 10:57:00
0
obviously it is going to be financially beneficial, because you have a load of corporates willing to pay for your expensive seats. However, you will still be in debt for some time to come. And why criticise for innaccuaricies when being made fun of (thats part of it) ... after all, we are not actually pototoes
Jacky B
21/02/2007 11:12:00
0
Yep but you don't mention the club earn't a one off £23.6 m from selling a development site on Drayton Park. There remains a worrying hole in the accounts (which will be helped by the new TV deal) but may discourage the club from following the lead of our competitors by at least freezing ticket prices for next season. I think costs are hurting supporters demonstrated by the Carling cup final tickets only selling out today after being offered to red members.
vivb
21/02/2007 11:15:00
0
vivb the reason the carling cup tickets weren't sold out long back is because the best team won't take part in the competition. many of the first team regulars will be missing, so that makes chelsea the favourates, and plus a trip to the millenium stadium is not cheap at all, so there are some supporters who go to the Grove week in and week out think twice before going to watch the kids take on the stealers in the cc final..
luckys_10
21/02/2007 12:02:00
0
Errrm, you've just announced a £6 million LOSS! It is CASHBURDEN GROVE, IMMIGRANTS STADIUM and any other insulting names that I can't yet think of you gooner mugs! COYS! Oh and you lost to a reserve side PSV yesterday HA HA HA HA HA HA HA HA HA HA HA HA
Gavaldinho
21/02/2007 12:12:00
0
At least we are in the CL! And you lost to our reserves side so that dosent say much about your 11th placed team.
AB_Arsenal
21/02/2007 12:30:00
0
We made a one off payment of nearly £25Million + all the other costs including mortgage payments and still only made a £7M loss...not bad at all methinks! Turnover of £100M in 6 months is outstanding.
simmy8_2000
21/02/2007 12:33:00
0
Vivb our income from gate receipts also doubled and yes add in the tv revenue next year and we are pretty good.
AB_Arsenal
21/02/2007 12:38:00
0
AND those 6 months only include 3 months worth of gate reciptes...
simmy8_2000
21/02/2007 12:44:00
0
You may be in CL but you still aint gonna win F all!
Gavaldinho
21/02/2007 13:27:00
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