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Arsenal Talk/Gossip/Rumours Thread 2014 - Mod Notes in OP 24/08
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New Swiss Ramble article
http://swissramble.blogspot.ch/2014/09/arsenal-money-changes-everything.html
"Enough of the profit and loss account, the main financial topic on the lips of Arsenal fans these days is that huge cash balance. Guess what? It’s gone up again, rising another £55 million in the last 12 months from £153 million to £208 million. For some reason the club’s headline statement insists on reporting this as net of debt service reserves of £35 million, giving the widely reported figure of £173 million, but the actual cash balance is indeed north of £200 million.
To place that into context, the next highest cash balances in the Premier League in the 2012/13 season were Manchester United £94 million, Chelsea £26 million and Southampton £14 million. Since then, United’s 2013/14 balance has come down to £66 million, so Arsenal’s cash balance really is in a class of its own, over three times as much as the next highest figure."
New DM and CB in January please Wenger
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Join Date:Posts: 10273
enfant terrible wrote: »New Swiss Ramble article
http://swissramble.blogspot.ch/2014/09/arsenal-money-changes-everything.html
"Enough of the profit and loss account, the main financial topic on the lips of Arsenal fans these days is that huge cash balance. Guess what? It’s gone up again, rising another £55 million in the last 12 months from £153 million to £208 million. For some reason the club’s headline statement insists on reporting this as net of debt service reserves of £35 million, giving the widely reported figure of £173 million, but the actual cash balance is indeed north of £200 million.
To place that into context, the next highest cash balances in the Premier League in the 2012/13 season were Manchester United £94 million, Chelsea £26 million and Southampton £14 million. Since then, United’s 2013/14 balance has come down to £66 million, so Arsenal’s cash balance really is in a class of its own, over three times as much as the next highest figure."
New DM and CB in January please Wenger
I've seen "Arsenals Cash Pile" thrown around for the last few years, and it always seemed to be a bit weird to me that most fans would want their club to spend all their operating money in one transfer window.
To quote the Swiss Ramble article that you refer to:Swiss Ramble wrote:Of course, this figure is a bit misleading and not all of this cash balance is available to spend on transfers. In fact, this is so important that I’m going to say it again: not all of the £208 million cash is a transfer fund.
This is due to many factors, including the fact that most season ticket renewals are paid in April and May, so Arsenal’s cash balance will always be at its highest when its annual accounts are prepared, namely 31 May.
And then:Swiss Ramble wrote:there’s that annoying debt service reserve
Followed by:Swiss Ramble wrote:The club also has to pay a good proportion of its annual running expenses out of this cash, though other money will flow into the club during the course of the season
and the final one I'll quote:Swiss Ramble wrote:However, there are a couple of reasons why we still need to be cautious with the cash figure. First, the club clearly stated that the cash impact of the £64 million invested in new players during the accounts period has been partially offset by the credit terms agreed with the vendor clubs. In other words, Arsenal have not paid all the cash upfront, but (sensibly) agreed stage payments, so part of the cash balance has to be reserved to pay sums due on those transfers. This is reflected in the £53 million increase in creditors falling due within one year from £150 million to £203 million.
Similarly, as these accounts were closed on 31 May, that means that they do not take into consideration this summer’s transfer activity, so another £50-60 million should be deducted from the reported cash balance.
Not having a go at what you quoted, the fact is that Arsenal have a larger pile of cash than any other team, and I really wish that they splashed the cash to fix our defensive problems, but I just see so much wrong information or information condensed into soundbites out there that I had to balance your post out.
Still can't figure out why Arsenal didn't bring in any defensive cover.0 -
enfant terrible wrote: »New Swiss Ramble article
http://swissramble.blogspot.ch/2014/09/arsenal-money-changes-everything.html
"Enough of the profit and loss account, the main financial topic on the lips of Arsenal fans these days is that huge cash balance. Guess what? It’s gone up again, rising another £55 million in the last 12 months from £153 million to £208 million. For some reason the club’s headline statement insists on reporting this as net of debt service reserves of £35 million, giving the widely reported figure of £173 million, but the actual cash balance is indeed north of £200 million.
To place that into context, the next highest cash balances in the Premier League in the 2012/13 season were Manchester United £94 million, Chelsea £26 million and Southampton £14 million. Since then, United’s 2013/14 balance has come down to £66 million, so Arsenal’s cash balance really is in a class of its own, over three times as much as the next highest figure."
New DM and CB in January please Wenger
Spending in January is very hit or miss.
The really top class players wont move in January and those that will, well be Champions League cup tied and will cost an absolute fortune.
Off the top of yere heads, who would ye approach in January that might move that didnt move or wasnt approached in the Summer?
For the record I cant see us doing any incoming business at Chelsea in January, injury permitting of course.0 -
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Not to mention, Wenger hates the January sales !
I think everyone does, usually the bigger teams are just sending players out on loan and maybe selling the guys who are surplus to requirements and they only dip into the market if they're really stuck, or worse, think you're buying a gem and you get a Fernando Torres.
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GavRedKing wrote: »i remember last year in the early rounds of the Capitla 1 it was hard to get any stream for the Chelsea game, I suppose it depends on the opposition and that but I'm sure we palyed Everton one year early and there was no stream available, just internet radio commentary.
Don't worry I'll pm you 2mo night if interested, you just gotta know where to look
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Bob.Carcass wrote: »Don't worry I'll pm you 2mo night if interested, you just gotta know where to look
We're not on until Wednesday but fire away, it'll be bookmarked.
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