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Re: Arsenal declare financial results
Posted by: RadioFreeArsenal
Date: 28/02/2012 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.

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