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Did the roots of our problems started in 2013 when we mispent transfer funds?
Discussion started by Merlion96 , 03 July, 2019 14:50
Did the roots of our problems started in 2013 when we mispent transfer funds?
Merlion96 03 July, 2019 14:50
[arsenaltruth.squarespace.com]

The Swiss Ramble Twitter feed outlined some uncomfortable financial truths for Arsenal supporters on Monday. Due to the club’s continued lack of Champions League participation, a wage bill spiralling out of control, a net transfer market loss of £64m (2018/19) and a pay outs for the sacked Wenger (and staff) amounting to £17m, the club is set to report its first financial loss since 2002.

To rub salt in the wounds, while Arsenal is haemorrhaging cash, Spurs made a £139m profit last season with a wage bill £75m lower than its North London neighbours. Meanwhile, Arsenal’s revenues have slipped to 5th in the Premier League and 20th in Europe’s so-called ‘Big-Money League’, behind FC Schalke 04, Everton and West Ham.

Arsenal’s commercial income is also quite dreadful, with a paltry £4m growth since 2015.
As if you didn’t know by now, it’s clear that Ivan Gazidis was an absolute dog of a CEO. So much so, one has to wonder whether AC Milan embarked on any sort of due diligence prior to employing him.

Over the past five seasons, Arsenal has spent £395 million on players, which makes a mockery of the generally accepted belief that Stan Kroenke has not provided adequate transfer investment. However, Kroenke is guilty of overlooking an abysmal CEO and manager who, hand in hand, committed a litany of disastrously incompetent financial decisions, both incoming and outgoing, while paying themselves obscene amounts of money for the privilege.

By any other definition, one might call it a scam.

………………………………………………………………….

It made one wonder what the heck was going on for the past 6 years since 2013?

Simply that we had been living in delusion of grandeur for the past 10 years or more after 2003/04 that we are a marquee club.

Perish that thought.
We never were even with our best team ever assembled by Arsene Wenger … and were nowhere men in Europe.



Nihilism: 'An examination of the meaning of meaninglessness: why it matters that nothing matters'

Re: Did the roots of our problems started in 2013 when we mispent transfer funds?
tigerline 03 July, 2019 15:43
This report is simply confirmation of the SLIPPAGE that we still have to endure as aresult of wenger's NEGLIGENCE. Remember, wenger made ALL of the footballing decisions.

Gazidis was just a tool ... and @#$%&-sucking incompetent one at that.

Kroenke remains the massive obstacle, of course.

Re: Did the roots of our problems started in 2013 when we mispent transfer funds?
Merlion96 04 July, 2019 00:47
Tiger, this phrase: "Over the past five seasons, Arsenal has spent £395 million on players, …"

And Wenger changed his "self-sustainable model and socialist salary scale in 2013" and bought Ozil, Alexis, Xhaka, Mustafi, Kolasinac, Aubameyang and Lacazette.

If Wenger did not blinked and stick to his self-sustainable model, refused to break-up his socialist salary scale, we may end up with no difference in performances as being Top-6 team for the past 6 seasons.



Nihilism: 'An examination of the meaning of meaninglessness: why it matters that nothing matters'

Re: Did the roots of our problems started in 2013 when we mispent transfer funds?
Padre Pio 04 July, 2019 11:42
Our troubles started when we failed to get into CL twice in a row, and then Emery made it 3.
Three years TV money probably down buy £150 millions over three years. But that is not the half of it, Sponsors will not pay as much for a team in the Europa, there is a clause and the money goes down. Why would they pay the same to have their brand in front of 15,000 people Nogoboglemodved on a Thurs night.With tiny TV audiences. At the same time Franchisers at the Emirates see their sales go down as crowds fail to turn up.So Three years of reduced revenue is very bad news, one year sounds reasonable, two years bearable 3 years a fecking disaster



"When we had to suffer the team is a lion because they suffer together." 4 July 2020 at Wolverhampton Wanderers
Arteta on his team's first away victory at a club above them in the Premiership since September 2015 at Leicester.

Re: Did the roots of our problems started in 2013 when we mispent transfer funds?
mapleleafgooner 04 July, 2019 23:05
So with revenue coming down 3 years in a row, will Silent Stan sell?

Re: Did the roots of our problems started in 2013 when we mispent transfer funds?
Merlion96 05 July, 2019 00:08
Quote:
mapleleafgooner
So with revenue coming down 3 years in a row, will Silent Stan sell?

He will sell as his investments will continue to degrade without major cash investments - like FSG did at Liverpool - to build a Top-4 side.


Wenger kept him in clovers with his 18 successive seasons in CL Cup.

And no manager will be able to achieve that without major investments in players now.

If this downward trend continues like what Liverpool FC went through in the 1990s before Klopp, there is no way that an invetment manager like SIlent Stan will keep an Arsenal FC with consecutive dwindling revenues - and deficits - for the next 5 seasons.

Re: Did the roots of our problems started in 2013 when we mispent transfer funds?
SA-Gunner 05 July, 2019 02:27
Isn't it funny how Merlion keeps defending Wenger in every single post, despite being the main one responsible for the state this club is in? Along with his Giroud obsession, you really have to question...

Re: Did the roots of our problems started in 2013 when we mispent transfer funds?
Merlion96 05 July, 2019 09:59
Quote:
SA-Gunner
Isn't it funny how Merlion keeps defending Wenger in every single post, despite being the main one responsible for the state this club is in? Along with his Giroud obsession, you really have to question...

Urh … you are out of date.
Who coined the term "hypocritical snake-oil salesman" here way back in early 2000s?



Nihilism: 'An examination of the meaning of meaninglessness: why it matters that nothing matters'


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