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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?

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

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

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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
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