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

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