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Edelman: The Money Is There

Edelman: The Money Is There

Arsenal have the finances to start spending big, according to Keith Edelman.

After the release of yesterday's financial results much was made of Arsenal's £6.2Million loss in the the 6 months upto November.

You only have to look at the turnover to lay any worries about the finances though. In the 6 months ending November 06, Arsenal's turnover was up by £43Million on the previous year!

All this extra cash flow means that there will be more money in Arsene's transfer kitty in the summer.

'Arsene is not one to go and spend huge amounts of money on players,' said Edelman.

'But if he wanted to do something of that magnitude there's no reason we couldn't get that to happen.

'We can do it. It's just a matter of what Arsene's strategy is.

'There is money available for Arsene in the summer, I think we've got to wait until the summer and see what he wants to do.'


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

Writer:Nick Simmonett
Date:Thursday February 22 2007
Time: 12:15PM

Comments

0
queue david villa !!
hazzagooner
22/02/2007 12:37:00
0
Isn't this what they always say. The contradiction between Edelman & Wenger never surprises me anymore. Edelman always comes out when the financial figures are released & says how well we are doing & that wenger has loads to spend, then we hear how wenger only likes finding rough diamonds etc & doesn't like spending big. Wenger on the other hand (who clearly does enjoy bringing players through to a degree) said only recently that it's only really DD that backs him when it comes to signings & that DD would love him to have the players he has always dreamed of. Therefore you can safely assume that arsenal don't sign the players wenger dreams about & thats because of money!! It would hardly be good PR for Keith to come out & say we have no money to sign players & that wenger will have to stick with his current squad unless he sells, but realistically thats the position we are in.
Ashburton Gooner
22/02/2007 12:40:00
0
I'm not sure I agree with you, A.G. In one interview not too long ago, the Boss said that he sees no point in bringing in established players unless they are 'unique talents' and better than anything he can develop himself from the youth policy. So while it's true things have been tight what with building Ashburton Grove, it seems as though the corner has been turned with our massive increase in turnover, and that if the Boss does want to buy a unique talent better than anything we have (David Villa, Gareth Bale, Frank Ribery, Akinfeev to replace Lehman) it looks like he will be able to do so. Not to mention the fact that if we don't splash for Baptista (and I'm not yet convinced we should), we still have an asset in Reyes to cash in on, whether by Real or someone else.
devvil
22/02/2007 13:37:00
0
Why don't we wait & see wot happens now that the cash seems to be rolling in from The Grove. Better to give the benefit of the doubt, than take a swipe at Edelman....even if in the past we haven't always bought for big monies. Actions always speak louder than words, so let's watch the actions from now on........I don't think I could level criticism at how the club is run, well not in the last decade or so.
916995
22/02/2007 13:42:00
0
I really don't think he needs to spend too much on players we just need a few more experoienced players (1 or 2) and we are close to a premiership challenging team. Though i remember when we were supposedly very interested in a young czech defender in the January transfer window and we failed to sign him because bayer leverkusen payed 1.5 million euros for him so maybe we don't have as much money as Edelman keeps assuring us we do.
AB_Arsenal
22/02/2007 14:36:00
0
all we need is a goalkeeper and possibly another wide player if Freddie goes in the summer. The boss wont spend money for the sake of it i.e buying a Cashley when you have Bridge.
iceman10
22/02/2007 14:56:00
0
why would Arsene spend big when spending small works just fine? even your big recent signings (players who are ready for the 1st team) have not been massive money - Hleb, Rosicky, Adebayor.
Jacky B
22/02/2007 15:05:00
0
Ade was £7.5m my memory tells me, this quiet a heavy sum in anyones money, well apart from chavski
916995
22/02/2007 15:08:00
0
AG I really thing you're wrong. Any more, football is just big business, and the financiers are licking their chops at the opportunity to lend us money. We're making tons of coin, and will continue to do so as long as we're relatively sucessful. Edelman says our matchday revenue has increased from 15.6m to 38m. That's a huge amount of money. I've been discussing this since the beginning of the season, and I've finally come up with a good analogy of our current financial position. Basically, Emirates is our Rusky sugar daddy. Our extra capacity (22k over Highbury) is full of high priced suites and boxes which are paid for by 22k mini Abramoviches, every week. We still have the same number of affordable seats as b4 (more actually), but the beauty of it is no-one has any individual controlling interest, yet we still have current and future revenue that most other clubs could only dream of. We've got all the money we need. The down side to the equation is if we crash and burn as a team, on the field. How many of the high priced tix will continue to sell?? I hope we never find out.
FAB 4
22/02/2007 15:20:00
0
Your losses until November are more than our total debt but we are on the verge of administration. Money has ruined football.
bmb
22/02/2007 15:58:00
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