Vital Football

Latest Arsenal FC News

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.

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football


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
Page 1/3
  1. 1
  2. 2
  3. 3

Login to post a comment

Recent Arsenal Articles

Congratulations Leicester City

The Foxes are Premier League Champions

Who Will Arsenal Face In 2016/17 (3/5/16)

With less than a handful of games remaining in the 2015/16 campaign, some promotions and relegations in the football pyramid are already known.

Wenger Comments On Fan Protests

Arsenal manager speaks about a tough weekend

That Was Tough To Watch

Arsene on the receiving end of fans wrath

Archived Vital Arsenal Articles

Vital Arsenal articles from

Site Journalists

Rocky7
Editor email
Profile
ClockEnd124
no email
Profile
Amos
no email
Profile

Current Poll (see more polls)

Is it time for Wenger to go?
Suggested By:
Yes73%
No23%
In The Summer4%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 36 22 11 3 77 30
2 Spurs 36 19 13 4 70 39
3 Arsenal 36 19 10 7 67 25
4 Man City 36 19 7 10 64 30
5 Man Utd 35 17 9 9 60 12
6 West Ham 35 15 14 6 59 17
7 Southampton 36 16 9 11 57 14
8 Liverpool 35 15 10 10 55 11
9 Chelsea 35 12 12 11 48 7
10 Stoke 36 13 9 14 48 -14
11 Everton 35 10 14 11 44 6
12 Watford 35 12 8 15 44 -6
13 Swansea 36 11 10 15 43 -13
14 WBA 36 10 11 15 41 -14
15 AFC Bournemouth 36 11 8 17 41 -20
16 Crystal Palace 36 10 9 17 39 -10
17 Newcastle 36 8 9 19 33 -25
18 Sunderland 35 7 11 17 32 -18
19 Norwich 35 8 7 20 31 -26
R Aston Villa 36 3 7 26 16 -45
Latest F1 News
Latest Vital Boxing News

Recent Arsenal Results (view all)

Arsenal Fixtures (view all)

May 8 2016 4:00PM : Manchester City (a)
Barclays Premier League
May 15 2016 3:00PM : Aston Villa (H)
Barclays Premier League

Vital Members League Table

RankNamePoints
1.Wyn Mills5
2.Galway Gooner4
3.Amos.2
4.NYArse1
5.Naijagunner1
6.Leon Kingsford1