Emirates Stadium board have large sum of money burning a hole in their collective pockets.
ARSENAL are expected to release figures any day now which will show Arsene Wenger is sitting on at least £50MILLION of cash.
Despite the team’s decent start, some fans want to know why he has not invested more money in the squad.
Accounts for last season will confirm Arsenal again made a profit in the transfer market, thanks to the sales of Cesc Fabregas and Samir Nasri.
The books will say the Gunners had well over £100m in the bank at the year end of May 31, 2012. But that will include most of their season ticket revenue for 2012-13, a big chunk of which will go to cover current operating costs.
Financially savvy Gooners will look also at the net debt and expect to calculate Wenger has £50m or more stashed away – excluding the expected £25m windfall from the Queensland Road development.
SOURCE: The Sun
This is perhaps not a huge surprise to Arsenal fans who has noted the steady stream of players leaving the club over the past few years and one wonders whether the Emirates Stadium side have any intention of handing the £50m outlay, or even a portion of it, to Arsene Wenger. Recent evidence would suggest not.
Though Arsenal did of course spend £40m on a trio of talented signings; Lukas Podolski, Santi Cazorla and Olivier Giroud, all in the bag by August 6th, most of the club’s fans will have then expected a sale of various players to help balance the costs and of course that is exactly what transpired.
In the space of four days Arsenal had sold Robin Van Persie & Alex Song for a combined fee matching that forked out for the trio of incoming recruits. Just for good measure another £6m was forthcoming from the sales of Carlos Vela, Henri Lansbury and Kyle Bartley.
Clearly there is a fine line between running a club prudently and running a club specifically to make money at all costs. The past seven trophy-less years would indicate that Arsenal have moved from the former to the latter in recent seasons and there is zero evidence that this will not continue to be the case.
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