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Re: Arsenal declare financial results
Posted by: SandyB1
Date: 28/02/2012 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!!

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