Aug
4
2008
Arsenal’s top-secret strategy for raising transfer funds
Studs Up is a football comic strip by Chris Toy - you can find it (and subscribe to it) here.
Manchester United and Tottenham find common ground in Arsenal… and money:
Studs Up is a football comic strip by Chris Toy - you can find it (and subscribe to it) here.
Brilliant
HA HA HA real funny, well not really but you need something to laugh about, your in SOOOO much debt, we have it under control with £60 Million PROFIT but you, £60 MILLION interest alone every year, when fergie goes your FUCKED, he may put spin on it but the only thing that can save you is another Roman, but there aint.
Look at the bitter Arsenal fan. If you knew United finances you would see that the ‘Loan’ we have taken is secured against future ticket sales and our turnover is the highest of any football club in the world. What would you prefer
1. A club that has some outstanding debt, but wins Premier League titles & the Champions league?
2. A club with little debts that wins sweet FA?
Oh how i laughed. Such a dissapointing punch line after a pathetic build up.
And then Gordon pipes up. How are the ticket sales going in this luverly credit crunch. You have already lost a reported 80% of your waiting list for tickets, so there wont be any more security there. Youre building a house of cards, so pray it dont get windy.
As it happens Id rather watch a stunning team being built and developed, than a overpaid bunch of poofs with attitude problems.
Gordon, a club that isn’t morally bankrupt, is substantially preferable to Man U and Chelsea!
In a nutshell IG.
Gordon, Just how big is ’some outstanding debt’?
We have unlimited funds and will dominate for years - we will buy as much success as we want
It’s so satisfying watching United spend, spend , spend - unlike Arsenal who nurture and bring through players - we can buy the best established stars - may switch to the blue side of London they’ve got even more wonger !
That ring a bell - exactly how Leeds funded their spending spree a few years back
hahaha
c’mon guys, why the bad blood? It WAS funny
Oopps some of the humour must have got lost in translation into whatever language they speak at the Heamaroids stadium these days.
Must be football failure creating a sense of humour failure. Never mind, just look at the Emirates trophy room if you want a laugh. or does it have the Emirates cup now?
Man Utd have unlimited funds, gordon? Man Utd has a massive, massive, massive loan debt. Mainly from building Old Trafford. Your finances are not as secure as you believe. As for arsenal, well they better start praying for a change in the sub prime mortgage crisis in america because you cant hold out for long. And finally a fun fact for chelsea fans, every dollar Roman Abromovic puts into chelsea is in the form of an interest free loan, if he decides he is sick of playing runner up and wants to pull out, chelsea are bankrupt with 500 million debt.
true but that 700 million loan is much easier to pay off then man u’s due to the high interest they need to pay. Roman wont bail anytime and if he does chelsea can go get a loan from a bank like liverpool did and be in the same position that man u are in.
The problem is that the joke wasnt even that funny. I dont have a problem having fun poked at the gunners but this was pretty lame.
Frem, the trouble is that when Abramovich goes the banks wont be interested in Chelski. The ground is already effectively in hock so there is no security.
I genuinely worry about so many prem clubs being built on debt and if the credit continues to dry up there will be a catastrophe. OK the Highbury development is looking at a much lower return than hoped, but its not a club breaking amount compared to the reported £700M at the Mancs.
The EPL could easily be up sh*t street in a few years, with no decent players wanting to come.
I agree the joke wasn’t that funny really. What is funny (constantly) is people commenting on the financial structucres at clubs without any knowledge of corporate finance. The amount of credit that banks will extend to any business involves, like your mortgage, only allowing companies to become leveraged within acceptable risk scenarios. This takes into account the value of the company which is assesed on profits, assets and retained earnings.
Utd is by far the most valuable club in the EPL and there is a strict business plan in place that supports the financial structure and growth, and includes investment in players and continuing success on the pitch.
In Chelsea’s case, RA will stick around until the club is financially secure and their world brand is developing at a very fast pace.
In the event of a problem at Utd. the Glaziers would simply sell and there would be a feeding frenzy of syndicates and rich investors to buy, based on the profit returns and growth of the EPL in general. Chelsea would have more of a problem in the short term, but I don’t expect RA to be going anywhere soon.
Let me put it this way. At the end of the day, a ferrari is a ferrari, regardless of whether you bought it for cash or you borrowed some of the money to finance it, and there’s a long waiting list for Ferraris!
You’ve got to love the gooners though!
The Glazers have a massive massive loan debt. If you get a mortgage to buy a house, and then sell the house, the house doesn’t keep the debt…..
enjoyed.
(Not that Liverpool are in any better shape)
Traverse, same applies to a business. If I’m a rich investor and I buy the club from the Glazers for 1billion pounds, they pay off the debt and pocket the extra.
This is exactly their strategy. Utd is already worth 200-300m more than they paid for it. They are looking for gains on the capital appreciation. Service the debt, eventually sell the club, pay off the outstanding debt and come out well ahead on the increased sale price.
No different whatsoever from property investment.
Nick, I totally support you views, I cherish a wenger with a great developmental attitude and an accute business sense, in bringing so much comform and enjoyment to the Arsenal team and play.Yes , it is true that we need a title, but the fact that we are the true definition of football (Arsenal) , makes it worth being a Gunner for life.!!
pure class
arsenal did not need to use top secret to rais a fund buut need clever to buy player