Vital Football

Latest Arsenal FC News

Gazidis: Wenger In Charge of Spending

Gazidis: Wenger In Charge of Spending

Following the release of Arsenal Holdings' mid year financial results-which you can download at this Link - Arsenal Chief Executive Ivan Gazidis has reiterated that the cash the club generates is available to Arsene Wenger to strengthen his squad.

Speaking about the interim results, which again showed healthy figures- Gazidis denied that the board tighten the pursestrings. "I want to be clear that the money we generate is available to our manager, Arsène Wenger, and that he quite rightly makes the decisions regarding how to invest those funds based on his extensive football knowledge, experience and judgement.

"Over the years, his decisions and his management have propelled us to the top of the game in Europe (currently ranked 6th by UEFA) while playing some of the most attractive football in the world."

"We have faced criticism for sticking to our philosophy of living sustainably within our financial means rather than reaching out for a quick fix injection of money to solve all our supposed problems. But how much is enough to outspend others who have seemingly limitless means?

"We can and will forge our own path to success and avoid the many examples of clubs across Europe struggling for their very survival after chasing the dream and spending beyond their means.

"Football is moving powerfully in our direction. This season is the first in which UEFA`s Financial Fair Play ("FFP") regulations come into effect. These regulations have support from all the leading clubs in Europe and UEFA have assured clubs that the rules will be implemented rigorously.

"I believe there is already evidence of changing behaviour from many clubs and this is good for football."

It could be that Arsene is just very particular about what he spends (most likely). It could be that Arsenal have a strategy to hold back until FFP really kicks in and look to let loose just as belts are tightening elsewhere. (Kind of the reverse of Manchester City's strategy of playing FFP agressively). Or Stan could be fattening the club up like a christmas turkey and keeping cash reserves healthy so he can sell on for a tidy profit eventually. (Less likely, we were hardly huge spenders prior to the moustachioed one rocking up). Who knows, eh?



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

Writer:Tim Stillman
Date:Thursday September 27 2012
Time: 4:06PM

Comments

0
Are the club holding back on spending? The headlines will show a pre-tax profit of £36m, aided by profit on player trading, both aspects of which will have some supporters puffing their cheeks in indignant protest that the club hasn’t spent enough money but a look beyond the headlines should tell you just how much the club is investing in the squad. In round figures football turnover is up £10m but wages are up £20m a year! A profit has been made on player trading but amortisation charges, as a consequence of investment in players, new signings and contract extensions, are up some £15m a year. So the club are spending an extra £35m a year on their player budget! While broadcasting revenues declined slightly, and as the property profits fade, commercial revenues are up £6.2m. Though the bigger commercial boost is still a couple of seasons away this last aspect is important now, and increasingly so in future, for those wondering whether Kroenke really does bring anything to the table.
Amos.
27/09/2012 17:06:00
0
From what i read, Players trading brought 65Million Pounds but invested 78Million on new acquisitions and contract extensions. I heard that Per, A. Santos and Park salaries' were never negotiated and the players got more than they should have gotten. Their contracts were rushed and now its a hole in the pocket.
Arseniger
27/09/2012 20:52:00
0
We all know Wenger is in charge of players acquisition and sales but he is tied to particular BUDGET. The problem is not who he did not buy, its how much of budget is he operating on. Does he have a budget to get a Falcao and Yaya Toure and still take care of Arteta and Sagna? No but he has a budget to get a Poldolski and Giroud and still have to sell a Song and give a Gibbs ,Theo a raise.
Arseniger
27/09/2012 20:58:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Vital Boxing - Staged or Real?

Recent Arsenal Articles

No January Departure For Giroud

Olivier Giroud's agent has poured cold water on any speculation linking him with a move away from the Emirates Stadium in the January transfer window.

Xhaka & Iwobi Give Basel Thoughts

Granit Xhaka and Alex Iwobi have both given their reaction to last night's victory over Basel in the Champions League.

Wenger On Last 16 Success

Manager Arsene Wenger has now given his thoughts following victory over Basel yesterday evening and Arsenal topping the Group A Champions League table.

Video - Champions League, 6-12-16

This video shows a round up of the Champions League games played on Tuesday.

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)

FC Basel MotM
Suggested By:
Ospina2%
Gabriel0%
Holding12%
Koscielny0%
Gibbs12%
Ramsey0%
Xhaka0%
Iwobi12%
Ozil0%
Lucas Perez50%
Sanchez12%
Sub - Elneny0%
Sub - Giroud0%
Sub - Walcott0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 14 11 1 2 34 21
2 Arsenal 14 9 4 1 31 19
3 Liverpool 14 9 3 2 30 17
4 Man City 14 9 3 2 30 15
5 Spurs 14 7 6 1 27 14
6 Man Utd 14 5 6 3 21 3
7 WBA 14 5 5 4 20 3
8 Everton 14 5 5 4 20 1
9 Stoke 14 5 4 5 19 -3
10 AFC Bournemouth 14 5 3 6 18 -3
11 Watford 14 5 3 6 18 -6
12 Southampton 14 4 5 5 17 -2
13 Middlesbrough 14 3 6 5 15 -2
14 Crystal Palace 14 4 2 8 14 -2
15 Burnley 14 4 2 8 14 -11
16 Leicester City 14 3 4 7 13 -7
17 West Ham 14 3 3 8 12 -14
18 Sunderland 14 3 2 9 11 -10
19 Hull City 14 3 2 9 11 -18
20 Swansea 14 2 3 9 9 -15
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Arsenal Results (view all)

Arsenal Fixtures (view all)

Dec 10 2016 3:00PM : Stoke City (H)
Barclays Premier League
Dec 13 2016 7:45PM : Everton (a)
Barclays Premier League
Dec 18 2016 4:00PM : Manchester City (a)
Barclays Premier League
Dec 26 2016 3:00PM : West Bromwich Albion (H)
Barclays Premier League
Jan 1 2017 4:00PM : Crystal Palace (H)
Barclays Premier League
Jan 3 2017 7:45PM : AFC Bournemouth (a)
Barclays Premier League

Vital Members League Table

RankNamePoints
1.Naijagunner2
Write for Vital Football