Dorset Gooner
10-26-2012, 08:21 AM
to sell every summer:
Arsenal's ability to compete has been squeezed in the short term by the move and the arrival of free spending benefactors at Stamford Bridge and the Etihad Stadium. The football side of the business runs at a loss, before player trading is taken into account. Arguably, Arsène Wenger has helped paper over the cracks by maintaining a remarkably consistent level of performance.
The latest accounts, published earlier this month, show a pre-tax loss of £31m on football operations because revenues have not kept pace with wage inflation. The gap has been plugged by player sales and continued upside from the property deal that helped fund the stadium move. As the last of the property receipts roll in, the intention is that the hole will be more than filled by the new commercial deals.
Arsenal's ability to compete has been squeezed in the short term by the move and the arrival of free spending benefactors at Stamford Bridge and the Etihad Stadium. The football side of the business runs at a loss, before player trading is taken into account. Arguably, Arsène Wenger has helped paper over the cracks by maintaining a remarkably consistent level of performance.
The latest accounts, published earlier this month, show a pre-tax loss of £31m on football operations because revenues have not kept pace with wage inflation. The gap has been plugged by player sales and continued upside from the property deal that helped fund the stadium move. As the last of the property receipts roll in, the intention is that the hole will be more than filled by the new commercial deals.