Brentwood
06-07-2013, 06:16 AM
While we may smile about that in football, is it time for it to change?
IG: "Our biggest expense is our wage bill. It's not something that we simply stumble upon by accident. There is a massive amount of thought that goes into it by some very very smart and thoughtful people at the club including Harvard analysts and Arsene Wenger himself is a pretty smart mathematical guy. I have been doing that myself for 14 years at Major League Soccer, where I was responsible for the management of the player pool within a budget. This is something we think about deeply and we know a lot about. We have outperformed our spend, in virtually any metric you can look at, consistently for the last 15 years. It's an extraordinary record. So we are doing something right in the way that we spend although it may frustrate some people. We are doing something right and we are very thoughtful about it.
"It's not something that happens by accident. As we develop new financial capabilities, clearly, that wage bounds will change. It's under review all the time. It's never been fixed in stone. It really depends on what the circumstances are as you move forward, what the market looks like, where you see the opportunities, where you think the value is. That will change and if we - which we do - want to attract and also keep the very best talent then we have to pay them the market rate. There is a complete understanding of that at the club. So yes, our wage structure will evolve, as it has over the last five years. It will continue to evolve with a new financial capability behind it, which means we can do some things perhaps that we haven't been able to do while we have had one hand tied behind our back."
Check out all the latest News, Sport & Celeb gossip at Mirror.co.uk http://www.mirror.co.uk/sport/football/news/arsenal-chief-iv an-gazidis-qa-1936217#ixzz2VVfqgYRR (http://www.mirror.co.uk/sport/football/news/arsenal-chief-ivan-gazidis-qa-1936217#ixzz2VVfqgYRR)
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IG: "Our biggest expense is our wage bill. It's not something that we simply stumble upon by accident. There is a massive amount of thought that goes into it by some very very smart and thoughtful people at the club including Harvard analysts and Arsene Wenger himself is a pretty smart mathematical guy. I have been doing that myself for 14 years at Major League Soccer, where I was responsible for the management of the player pool within a budget. This is something we think about deeply and we know a lot about. We have outperformed our spend, in virtually any metric you can look at, consistently for the last 15 years. It's an extraordinary record. So we are doing something right in the way that we spend although it may frustrate some people. We are doing something right and we are very thoughtful about it.
"It's not something that happens by accident. As we develop new financial capabilities, clearly, that wage bounds will change. It's under review all the time. It's never been fixed in stone. It really depends on what the circumstances are as you move forward, what the market looks like, where you see the opportunities, where you think the value is. That will change and if we - which we do - want to attract and also keep the very best talent then we have to pay them the market rate. There is a complete understanding of that at the club. So yes, our wage structure will evolve, as it has over the last five years. It will continue to evolve with a new financial capability behind it, which means we can do some things perhaps that we haven't been able to do while we have had one hand tied behind our back."
Check out all the latest News, Sport & Celeb gossip at Mirror.co.uk http://www.mirror.co.uk/sport/football/news/arsenal-chief-iv an-gazidis-qa-1936217#ixzz2VVfqgYRR (http://www.mirror.co.uk/sport/football/news/arsenal-chief-ivan-gazidis-qa-1936217#ixzz2VVfqgYRR)
Follow us: @DailyMirror on Twitter | DailyMirror on Facebook