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Arsenal declare financial results
Discussion started by Indiangooner , 27 February, 2012 16:01
Arsenal declare financial results
Indiangooner 27 February, 2012 16:01
Arsenal Holdings plc - Financial results

Group profit before tax was £49.5 million (2010 - loss of £6.1 million)
Profit on sale of player registrations amounted to £63.0 million (2010 - £4.0 million)
£74.7 million of investment in new players and extended contracts pushed amortisation charges up to £17.3 million (2010 - £10.1 million)
The resulting profit from player trading was £46.1 million (2010 - loss of £5.9 million)
Turnover from football rose to £113.5 million (2010 - £97.6 million) with increases from match-day (four additional games played) and commercial income streams
Operating profits (before depreciation and player trading) from football increased to £15.2 million (2010 - £9.4 million)
Period of minimal activity, as expected, in the property business with turnover of £3.2 million (2010 - £22.5 million) and operating profits of £0.5 million (2010 - £3.3 million)
Group has no short-term debt and continues to have a solid financial platform from cash reserves of £115.2 million (2010 - £110.4 million).

Commenting on the results for the six months, Peter Hill-Wood, non-executive Chairman, said:

“We are proud of Arsenal’s record and consistency over many seasons and have the foundations in place, at every level of the Club, to ensure we remain a force in the seasons ahead.”

Re: Arsenal declare financial results
Jack_is_the_truth 27 February, 2012 16:09
fantastic news

Re: Arsenal declare financial results
crumps 27 February, 2012 16:11
i wonder if they would have released them today had we lost yesterday???

Re: Arsenal declare financial results
Jack_is_the_truth 27 February, 2012 16:15
what has one got to do with the other

Re: Arsenal declare financial results
Indiangooner 27 February, 2012 16:16
didnt they declare rise in season ticket prices just a few days after 26th Feb 2010.... they wld hv had a backlash if we had lost yest but results have to be released by end of Feb

Re: Arsenal declare financial results
crumps 27 February, 2012 16:21
fair enough didnt know the rules

Re: Arsenal declare financial results
RadioFreeArsenal 27 February, 2012 17:17
Intersting virtually all of that profit came from player sales. But of course we wouldn't just sell our best players unless it was absolutely necessary...it would never have anyrthing to do with say improving the figures which will improve the sare price. Why would anyone ever think that?

Re: Arsenal declare financial results
Jack_is_the_truth 27 February, 2012 17:25
like nectar to a bee

Re: Arsenal declare financial results
RadioFreeArsenal 27 February, 2012 18:16
At least I give a damn about whther the Club are cheating all of us out of what we want to think the Club is supposed to be about which competiting to try and win things besides a place on the Deloitte List or the Forbes List. If you think loyalty is letting people cheat you for their own benefit you have issues mate.

Re: Arsenal declare financial results
80'sGoona 27 February, 2012 18:57
Yes Radio, it had nothing to do with the players wanting to leave. The club pushed them out to raise the share price.

Sorry but you sound ridiculous sometimes.

Re: Arsenal declare financial results
eduardo 27 February, 2012 19:25
80's what you mean "sometimes"



*Signing Ozil is a signing Bergkamp type moment for Arsenal. It changes things utterly.*

Re: Arsenal declare financial results
RadioFreeArsenal 27 February, 2012 19:43
And those who believe it had nothing to do with that sound willfully naive. All the time.

Amazing how the Board made 300 million just by dumb luck and pure chance. Astounding how they have never encouraged any of this yet still retain the main they lead you to believe is solely at fault. Fascinating how all these changes in how we spend money and pay our players all coincide with the pursuit of project which so far has only benefitted the shareholders who cashed in.

And you think I sound ridiclous? You probably believed those weren't the droids they were looking for because Kenobi said so.

Re: Arsenal declare financial results
80'sGoona 28 February, 2012 00:29
I was trying to be nice Ed after the 5-2 love in we all had.

That's over now.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 01:10
Oh dear - calling someone's views ridiculous is being nice - thanks for the kindness Mr. Santorum.

The fact is there is a real question about whether we had to do things the way we did and why we chose to. I submitted a piece here that shows categorically that the insistence that the only choice we had was between the current policy in place in trying to match the spending of Man City or Chelsea - even relatively - is a dubious claim at best.

We could easily have spent 50 to 100% more than we have since 2005 and still have significant monies banked away and have invested in significantly higher level of talent than we did. That is categorical fact. And we could have done this without once spending what we spent buying Andrei Arshavin.

I don't need you to be nice mate but don't pretend calling someone ridiculous for having the gall not to see reality as you do is being nice. You can insult me but don't insult my intellignce. It's way more sensitive than I am about that sort of @#$%&.

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 01:16
"At least I give a damn..."

Ya, nobody else here does pal. Sod off, seriously. As if we needed you to tell us again what you think about this.

And stop feeling mightier than god because you like to talk about this shi.te 24/7 and everyone else is sick of it. I don't think half so many people disagree with you but man, give it a frickin' rest.

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 01:23
Quote:
You can insult me but don't insult my intellignce. It's way more sensitive than I am about that sort of @#$%&.
There's different kinds of intelligence, amigo.

You seem a smart enough fellow (at least when you're not sauced or cursing like a sailor to try to sound less nerdy).

Social queues don't exactly seem to be your forte though. Like say, if you're in a crowded room of people and you're doing something really annoying all night.

Doesn't matter if you're right or wrong, that's not what people are going to remember you for.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 01:27
And giving it a rest accomplishes what, MJ? I get it's a pain in the ass man but the problem doesn't go away when we do nothing does it?

All we do is seem to look for excuses not to say something or do something.I will say it again - pretending everything is fine or better than it appears or not as bad as it appears is not accomplishing anything, and is ignoring the problems really what you do when you care enough about them?

Why do you think we always end up having these same discussions year after year since 2008 really? When are we finally going to use our anger and frustration for a constructive purpose fo the Club we love?

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 01:37
Quote:
Me, 10 minutes ago
£1,000 he uses this as a platform to say, "I don't care what people think of me when its all for the good of the club. People need to know" yadayadayada...
Link.

Anyways, you being your predictable self aside, I didn't start following Arsenal because I thought their financial model was great.

Everyone has their own reasons and everyone loves the club in their own way, and I don't think there's too many people besides De Times that are actually happy with how things are.

But if you want to start some revolution to change AFC I hope you've got a better plan than posting on an internet forum.

In the meantime, I'd appreciate a little peace and quiet.

Re: Arsenal declare financial results
ArsenalForever 28 February, 2012 02:00
didnt know people still used yahoo

and did you wiki the pound so that you can copy and paste the pound sign to your message? thats some legit sh.it

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 02:06
Yup, I don't have a brit keyboard. I thought that might come up.

Keep yahoo on the tabs because they report unimportant garbage which is oddly interesting when I'm bored. I learned today that Natalie Portman might be secretly married, which tattoos Maroon 5's lead singer regrets getting, and am now up to date on the best Caribbean vacation spots.

Re: Arsenal declare financial results
gooney 28 February, 2012 02:09
Hopefully this will make people realise we don’t have as much money as people think. We make our profits from player sale and depend on CL money or else we make a loss

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 02:17
Quote:
Mad Jens
Quote:
Me, 10 minutes ago
£1,000 he uses this as a platform to say, "I don't care what people think of me when its all for the good of the club. People need to know" yadayadayada...
Link.

Anyways, you being your predictable self aside, I didn't start following Arsenal because I thought their financial model was great.

Everyone has their own reasons and everyone loves the club in their own way, and I don't think there's too many people besides De Times that are actually happy with how things are.

But if you want to start some revolution to change AFC I hope you've got a better plan than posting on an internet forum.

In the meantime, I'd appreciate a little peace and quiet.

Then don't read my posts. It's not that hard. You just don't read them. And if you do choose to read them you've only yourself to blame. I mean if you can read something you can not read iy too after all.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 02:26
Quote:
gooney
Hopefully this will make people realise we don’t have as much money as people think. We make our profits from player sale and depend on CL money or else we make a loss

The probblem with that is then where is all the money from the money-spinning new stadium and the profitable re-development of Highbury?

If its being used to pay for the purchaes of the Club by Stan Kroenke than our Beloved Custodians chose to sell us to another Hicks and Gillette fully aware of the consequences.

And if the money is just being saved to improve the share price than have they done much better than that anyway?

And then there is this possibilty - the books were cooked to generate this sale. I personally don't think this is the case because this would risk far more serious trouble than just angering supporters. But how does the share price go up 10,000 GBP if the club in fact is on the edge bankruptcy if we just break even on transfer spending?

Again I do not believe the last option myself. But the lack of candor is very troubling any way you look at it including in today's reporting. Especially since the facts show we did not have to spend significamtly more to have a signifcantly better team the past several years.

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 02:34
Quote:
Then don't read my posts. It's not that hard. You just don't read them. And if you do choose to read them you've only yourself to blame. I mean if you can read something you can not read iy too after all.

Nice try. Also your old go to response, could have made myself another quick 1k.

Of course that would also essentially lead me to not read a single thread on this forum, so I'd have to ask what makes you think you have the right to tell me not reading threads here is the solution. Because it's a pretty @#$%& poor one, and only works as a "solution" for you.

If Padre wants to make some kind of ignore button that takes out just your posts, trust me pal I'll be the first to use it.

On another note, I don't understand why people paint over graffiti, pixelate nudity in mainstream television or censor lines in songs on the radio.

When I have kids (you know, the one's you said I'd be a terrible role model for) I'm going to tell them to just not look, listen, or acknowledge their surroundings. At all, ever. Just like Uncle Radio.

Easy, right?



Edited 2 time(s). Last edit at 28/02/2012 02:39 by Mad Jens.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 03:08
That is so overly simplistic its ridiculous. Are you going to tell them to complain about anything they see or hear they disagree with no matter what and no matter where? Are you going to tell them to openly disrespect and confront anyone who expresses views they don't like that they see or hear or read? Hope you're ready to take some responsibility for what will inevitably results.

The really sad thing is you're educating to take a stand when some thing is pain in the ass for them alone but not when it's a genuine matter of right or wrong. But will be your kids and that will be your choice.

Oh and one last thing you don't need an ignore button, you just need a mouse and index finger and 2-4 clicks to scroll past any post you want. Try it after you read this. It's not that hard. Otherwise I am sick of people like you who complain because you can't cope with reading views you don't like and can't avoid reading them. You're not that helpless. Stop acting like Karl Pilkington.

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 03:09
I'm not helpless, but you are.

I really hope you have a social life to balance out this mess. Don't bore me with details about how many friends you have, please.



Edited 1 time(s). Last edit at 28/02/2012 03:11 by Mad Jens.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 03:20
Why would I. I don't feel any need to prove myself in any
regard to you or anyone else.

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 03:23
Good one pal.

Now have a good wank to the Financial Reports and go to bed. It's past your bed time.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 03:26
One click

two clicks

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 03:29
But I bet you came back to read what I just wrote.

Not so easy, huh. smiling smiley

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 03:51
Yes but I'm not losing my mind over it... You sent me a message...it was harmless just as most of your posts are. I'm not the one who is complaining I cannot handle reading certain things.

I can handle reading anything. I can also ignore anything I want. And I can take personal responsibility for either choice. I am also responsible if I choose to respond for making that choice too.

It's not as hard you make out. You just want others to do it for you. Well sorry I don't have to post to please your sensibilities ahead of anyone else's. If you can't handle scroll past of just shut up - like a grown-up does.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 03:55
BTW if the PMs listed who sent them it's probable I wouldn't have opened it. But whrther I did or not that is my choice and I control my choices. Apparently or don't or can't. I would be worried aboput that perhaps. But since its you don't want to make that much effort on your own behalf maybe you're just a lazy Karl Pilkington type.

You want to ignore me - no one is stopping you but you. If you can't make the effort I'm not going to make it for you.

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 04:00
Btw if anyone wants to know the contents of the pm I sent, it was something along the lines of "I know you read it, maybe now you'll be quiet."

I've never been able to access my sent pms so I can't get it exactly. Feel free to post it Radio, in between hissy fits.

Seems the silence I was hoping for was but a dream...kid really can't help himself.

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 04:00
smiling smiley

Re: Arsenal declare financial results
SandyB 28 February, 2012 04:20
One thing must say here, Arsenal declared a hooping profit of 50 million pre-tax for the past 6 months. I mean what people justifies that like any other business Arsenal is one, so what's wrong in making profit!!
Well every business is actually in broad way tied to industry like Microsoft to IT and US Steel to steel industry. If we have to consider Arsenal tied to football industry there is a bench mark you could get in places like yahoo finance that where exactly your business stands compared to overall industry or the industry leaders. I think the industry analysts would be confused to put Arsenal exactly where? Industry leader? Outside the average high and average low profit range? This is pretty unprecedented isn't it? You can't put Arsenal as industry leader, when their core business which should be winning trophies doesn't really tally that tag compared to their 5th highest turnover and highest profit making in their industry, when the announcement of the profit came at the time where there isn't any trophies left to win.

So yes, we could easily turn the radio off the things which we don't want to hear, that doesn't mean any of those figures shouldn't raise anyone's eye brow and shouldn't be allowed to talk about!!

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 04:22
Get serious my point was that that I simply probably wouldn't have opened it this evening. If I had some great complaint with it I would have reported it to the approprate people.

I guess this more of you manipulating me into pointing out what a @#$%& you make yourself appear to be. I bow to your superior brilliance because it's worked again. You have made me point out wahat a helpless jackass you are. Congratulations then on your success.

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 04:27
Night Radio. Come back anytime.


smiling smiley

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 04:56
Quote:
SandyB
So yes, we could easily turn the radio off the things which we don't want to hear, that doesn't mean any of those figures shouldn't raise anyone's eye brow and shouldn't be allowed to talk about!!


Ahhhhh…I see what you’re doing you naughty boy you…..I’ll be watching you from here on make no mistake…hahahahahahahahahaha///just kidding mate…good post, seriously.

To answer you main question - There is absolutely nothing wrong in Arsenal football Club operating profitably on a regular basis. The issue is how profitably and are they serving the customers properly in doing so? The issue is whether there is or now as time has dragged on and the team been left to weaken that much further was room to operate fairly profitably and still invest more.

The Club clearly wants us to believe the answer is absolutely not but all the evidence supports the opposite view and strongly so. And the Club doesn’t put forth any evidence that adequately or accurately challenges that contention. And when you add in that all this saw the share price rise 10,000GBP in value and the Custodians who insisted making personal profits bore absolutely no interest to them made 300 million GBP and 400 million if you count David Dein, and if you don’t at least wonder what the hell is happening at our Club and worry about its consequences then you probably still expect to hear how we finally found those WMD’s in Iraq.

What it really comes down to this. – there is no shame in operating a successful and profitable business. But is it right to overcharge customers for a product you deliberately weakened the quality of solely to make even bigger profits simply to increase the share price and increase the wealth of already-wealthy shareholders? I think most if not all of us would say no asked to endorse that general principle. I bet if this was happening at any other club we would all see it the same way though depending on the Club we might actually enjoy watching it happen. That still doesn’t make it right. Certainly not at Arsenal.

Re: Arsenal declare financial results
Jack_is_the_truth 28 February, 2012 11:52
Mad Jens you are very wrong im afraid






you would not be the first one to use the ignore button to block out his posts, i would

Re: Arsenal declare financial results
80'sGoona 28 February, 2012 15:42
But is it right to overcharge customers for a product you deliberately weakened the quality of solely to make even bigger profits simply to increase the share price and increase the wealth of already-wealthy shareholders?

No matter ow many theads I see this in it still comes across as madness. If this is the way he made his Billions then he's an evil genius.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 17:17
Madness to those who assume football clubs can only operate using certain logic.

The fact is we see this all the time. Look what happened with BP in the Gulf. the could have spent one one- hundreth of one percent of their profits at the time and avoided the disaster in the Gulf which caused so much damage to the environment and cost so many smaller biusinessmen so much more financially as well. Did they care about that possibility then? No not enough. And now they are making profits again so they care don't care now either.

Companies can underinvest in quality control or just production quality to make the profit margin bigger. They can put out products of poorer quality for the same of higher prices even. They can put out cars without properly made equipment. They can overwork pilots against safety rules. They can ignore the dangers of older and worn out safety equipment. They can let their products be made with swaetshop labor in countries with no regard for the welfare of the workers of the safety of the communties around their place of work.

Why? Not because they and their companies couldn't survive any other way but because they couldn't make as big a profit any other way. And that profit couldn't be manipulated to enhance their personal wealth.
Making money from money is the new way to get rich or even super-rich. If you think Arsenal's money couldn't be manipulated that way, how could our share price go up 15,000 GBP since 2002, and almost 12,000 GBP just since 2005? Especially if we can't even afford to match our net spend from 1998-2005 because of how uncertain our financial position actually is as you suggest.

It rings of Enron, the ultimate example of making money from money though in the end they got greedy and started making money from money that didn't actually exist and that is how they got caught, as with Bernie Madoff and other Ponzi Schemers. I don't think we are looking at the same sort of criminal thing here at Arsenal, but a similar breech and lapse, of business ethics and morals symptomatic of the post 80's right-wing de-regulatory do whatever it takes for your own benefit mentality over-taking our Club's leadership.

Re: Arsenal declare financial results
SaltnPeppah 28 February, 2012 17:22
All you need to know about Arsneal financial state...

[swissramble.blogspot.com]

Re: Arsenal declare financial results
celine dion 28 February, 2012 17:39
Oh jesus not the swissramble.

Re: Arsenal declare financial results
SaltnPeppah 28 February, 2012 18:42
What's wrong? The guy's brilliant.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 18:44
Actually the Swiss Ramble is pretty good, to be Celine in terms of breaking things dowen so we can better if not completely understand all of this. Certainly worth a look at least.

I think the title symbloizes something. Here. "Arsenal's Mystery Dance" - I think he is beginning to question more clearly what is going on and why as well and whether the supporters and being well-served by our Club its Board and ownership of being fed a lot of b.s.

Thge tone of this piece is clearly more questioning than his earlier analysis fo the Club though to be fair I think the Club has carried on this mystery dance far longer than his title seems ro imply.

Also worth nopting is this quote from an earlier piece in 2010

"Some people have claimed that the Board’s desire to reduce the debt is part of some sort of Machiavellian scheme to make the club more attractive to a prospective purchaser like “Silent Stan” Kroenke or Alisher “Fat Boy Fat” Usmanov. Granted, both Danny Fiszman and Peter Hill-Wood have sold shares to Kroenke, but this does feel like a conspiracy theory too far..."

Wonder what he is thinking about that theory too far now?

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 18:49
Actually to be fair to him the Ramble Does hegdge his bets in the same section of the peice suggesting that the Board might want to sell as the share price goes up, but not once suggesting that this was anything other than a happy accident. My guess is he is Gooner who doesn't wish to acknowledge what his own intelligence regarding all these matters suggests as the Arsenal Mystery Dance hints at that all this is about maximizing profit for the club and share price for the shareholder rather than any real footballing concerns. That is my reading of his pieces as they evolve forward to today's piece clearly the most skeptical he has done regarding our finances.

Re: Arsenal declare financial results
De Times 28 February, 2012 19:42
Quote:
gooney
Hopefully this will make people realise we don’t have as much money as people think. We make our profits from player sale and depend on CL money or else we make a loss
To put it simply, the club depends on Wenger to make its money.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 20:40
Then how did our ashre price go up 10,000 GBP just to when Mr. Kroenke took over and how has it gone up another 4000 GBP since?

Seriously if you buy this we are looking at another Enron, another company false increased in value by phony accounting numbers. Which is far more serious than anything I have suggested may have gone on, btw.

But you cannot make such money on such a flimsy business model unless you in fact are cooking the books.

So if you don't believe the Board has acted improperly and manipulated the money that exists to enrich themselves further, than you are saying they have manipulated money that in afct doesn't exist to to enrich themseleves which is even worse conduct legally if true with even scarier consequences for the Club potentially.

Nice choice to have eh?

Re: Arsenal declare financial results
Mad Jens 28 February, 2012 21:14
It never ends.

Re: Arsenal declare financial results
eduardo 28 February, 2012 21:22
spinning smiley sticking its tongue out



*Signing Ozil is a signing Bergkamp type moment for Arsenal. It changes things utterly.*

Re: Arsenal declare financial results
PiP the Gunner 28 February, 2012 22:05
Is it possible that Radio is Truth???

Re: Arsenal declare financial results
80'sGoona 28 February, 2012 22:14
spinning smiley sticking its tongue out
spinning smiley sticking its tongue out

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 22:49
Actually I used to have Lunch on the steps filmed in the Exorcist when I worKed in D.C. (In Georgetowon Specifically at the time). The ones where Father Karras and Burke Dennings died in the movie.

Re: Arsenal declare financial results
RadioFreeArsenal 28 February, 2012 22:50
No it doesn't because we don't have the will to do anything to end it apparently.

Re: Arsenal declare financial results
hippogunner 29 February, 2012 09:06
A slight correction to De Nial's post.

The club depends on the fans to make its money.


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