plastic james
11-13-2012, 03:31 PM
we pay just under 20 million a year for the stadium debt, the sum will not transform the club or make us competitive, its the price of ONE decent player, not even a world class player.
the only thing a debt free arsenal becomes is a more attractive package for buyers, ie a debt free club.
instead of listening to the nonsense of the board and the owner, here is deloitte anual football finance analysis. have a look
http://www.deloitte.com/assets/Dcom-Sweden/Local%20Assets/Do cuments/FootballMoneyLeague%202012-uk-sbg-dfml-2012-final120 209.pdf (http://www.deloitte.com/assets/Dcom-Sweden/Local%20Assets/Documents/FootballMoneyLeague%202012-uk-sbg-dfml-2012-final120209.pdf)
let me highlight 3 points
1 - matchday income constitute 41% of arsenal's income, 26% for real, 25% for barca, 22% for bayern, 15% for milan and 16% for inter. this figure will decrease every years as it has done during the last decade. the future of football income is broadcast and comercial revenues.
2 - broadcast and commercial revenues are linked to performance, if you build a strong team and win stuff, more money will head your way. the economic model of our current board which is getting by til we repay our stadium debt will see us get less and less money in broadcast and commercial revenues and will only take us further back, whether we repay the stadium or not. ofcourse if you plan to sell the club once it has no debt like kroenke is, its the next owners problem to deal with this issue, who will have to spend big money to increase the appeal of the club again.
3 - our revenue has not increased since 2006, then again it cant, the fans already pay more than any fans in the world, while its difficult to get attractive commercial deals when your not winning and losing stars.
just look at the yearly revenue table
2006
real madrid 351 million euro
manu 315 million euro
barcelona 290 million euro
arsenal 263 million euro
bayern 223 million euro
2010
real madrid 438 million
barcelona 398 million
manu 349 million
bayenr 323 million
arsenal 274 million
2011
real madrid 479 million
barcelona 450 mliion
manu 367 million
bayern 321 million
arsenal 251 million
the picture is clear, ambitious clubs with stars earn more money and can then spend even more to become richer. non ambitious clubs like us lose money and ground, we've lost alot of ground to these elite teams, clubs like shcalke, dortmund, liverpool, tottenham, psg, juve milan inter, and russian clubs will earn more than us or come close during the next few years.
the idea of FFP making us competitive even if it works, which it doubtful, is a fantasy. clubs rely more than ever less on stadium income and that trend will grow, a shiny new stadium will not make us serious money or even competitive, an ambitious owner will.
the only thing a debt free arsenal becomes is a more attractive package for buyers, ie a debt free club.
instead of listening to the nonsense of the board and the owner, here is deloitte anual football finance analysis. have a look
http://www.deloitte.com/assets/Dcom-Sweden/Local%20Assets/Do cuments/FootballMoneyLeague%202012-uk-sbg-dfml-2012-final120 209.pdf (http://www.deloitte.com/assets/Dcom-Sweden/Local%20Assets/Documents/FootballMoneyLeague%202012-uk-sbg-dfml-2012-final120209.pdf)
let me highlight 3 points
1 - matchday income constitute 41% of arsenal's income, 26% for real, 25% for barca, 22% for bayern, 15% for milan and 16% for inter. this figure will decrease every years as it has done during the last decade. the future of football income is broadcast and comercial revenues.
2 - broadcast and commercial revenues are linked to performance, if you build a strong team and win stuff, more money will head your way. the economic model of our current board which is getting by til we repay our stadium debt will see us get less and less money in broadcast and commercial revenues and will only take us further back, whether we repay the stadium or not. ofcourse if you plan to sell the club once it has no debt like kroenke is, its the next owners problem to deal with this issue, who will have to spend big money to increase the appeal of the club again.
3 - our revenue has not increased since 2006, then again it cant, the fans already pay more than any fans in the world, while its difficult to get attractive commercial deals when your not winning and losing stars.
just look at the yearly revenue table
2006
real madrid 351 million euro
manu 315 million euro
barcelona 290 million euro
arsenal 263 million euro
bayern 223 million euro
2010
real madrid 438 million
barcelona 398 million
manu 349 million
bayenr 323 million
arsenal 274 million
2011
real madrid 479 million
barcelona 450 mliion
manu 367 million
bayern 321 million
arsenal 251 million
the picture is clear, ambitious clubs with stars earn more money and can then spend even more to become richer. non ambitious clubs like us lose money and ground, we've lost alot of ground to these elite teams, clubs like shcalke, dortmund, liverpool, tottenham, psg, juve milan inter, and russian clubs will earn more than us or come close during the next few years.
the idea of FFP making us competitive even if it works, which it doubtful, is a fantasy. clubs rely more than ever less on stadium income and that trend will grow, a shiny new stadium will not make us serious money or even competitive, an ambitious owner will.