I don’t think the absence of CL football for 1 year, perhaps 2, would materially damage the long term future of the club. The manner in which the club has been run in the past decade or whatever would see to that in terms of business.
While CL income is not negligible the bulk of the club’s income is from other sources, mainly the new 3 or 5 year deal signed by the PL for broadcasting revenues. Knock on impacts on merchandising or sponsorship none of us know so speculation is futile.
Football wise the absence may preclude certain aspects of team strengthening or player retention but again an issue that can be dealt with and managed. The current eye of the storm is being exacerbated as the potential absence of CL football is coinciding with the renewal of two of our most bankable assets.
It is how we react and recover in the period of absence that is key.
Well, yes, except that my point was that since we already have a load of money and we aren't using it, what's the worry about having even more that we don't use?
And there was a degree of flippancy to my post. Of course the club could use an additional 30 - 40mil, but that isn't the reason we aren't challenging for the league, is it?
It's now £123m.
http://www.arsenal.com/assets/_files..._Half_Year.pdf
Page 24.
Last edited by Billy Goat Sverige; 05-11-2017 at 09:44 AM.
And there in lies the problem.... we could miss out this year and then fail to gte back in it for the next 10, nobody knows. That is why I don't understand why people wouldnm't care if we were in it or not..... 10 years of lower income would have a serious impact on the football side of our club
Northern Monkey ... who can't upload a bleeding Avatar
The cash balance is fluid as I'm sure you know. It will have changed again although I will admit that the 250mil number was one I saw recently in the press, not in a financial statement.
But either way, we have been maintaining huge cash balances relative to much larger clubs (in terms of revenue) for quite a few years now, this is nothing new.