Anzac wrote:
The original financial structure for the stadium loans was that 30% of club revenues would be put aside each year to cover the loan payments, and that any revenue from player sales was meant to be re-invested into the football team. Instead we used the revenues to pay for infrastructure rather than players.
AW likes to encourage the myth about a need to sustain the club via player transactions, when we have reports of DD telling the scouting operation that we could sign a 20m player every season after the move as a result of the increased match day gate.
Further to this any club that can post pre-tax operational profits each year is not that broke, let alone that our Cash Reserves have grown to the biggest in the game, and we pay our manager amongst the highest salary in the game despite not winning a major title for more than a decade. The club cries poor but the reality is that things were not as they have been made to seem.
2 things hit us hard the property crash when we were selling of the apartments and investers buying city and chelsea.
It's like in france Lyon were the biggest but once monaco and psg had the mega money they just shoot above them. I don't think we can hold Wenger responsible for these factors.
Clubs started to hit the wall we saw porthmouth, rangers, valencia, malaga all start to crash and Wenger thought maybe save a bit and see if we can pick up some gret deals like cazorla. BT went int competition with sky and the tv money exploded so that plan didn't work. We can say Wenger got it wrong on that one. Excatly when those money issues stoped is opten to debabte but none us are certain.
We dont have those money issues now, but we dont have ManU money, City money or Chelsea money, self suffiency isn't a model it's our only option.
DD did say we would have 20M but that was before the property crash knocked the stuffing out of our plans. Reports later say We agreed a 7m deal for Di Maria but we couldnt get the funds together and the deal fell through. I think we HAD very real money issues.
Intrestingly Clicky had this to say today suggesting the structure is the problem. (wengers tatics are chunk of the problem no doubt but like pep the better the players the better the system works). It was the "hierarchy/structure" that should have gotten sanchez and Ozil to sign last season. Higgy deal done, suarez deal done ect. Sanchez- higgy-suarez with ozil in behind would shash this league to bits even with wenger tatics.
Clichy said of Wenger: “I’m not going to get into any detail but I do believe he is the right man. He has been the right man for so many years and I am listening to what people are saying. If the club is spending more money and they have the players they need, then perhaps Wenger is the perfect man. If you take him off and you bring someone else with the same structure, would he be better? Would he do better? I’m not sure.
https://www.theguardian.com/football/2017/apr/03/arsenal-supporters-should-be-careful-what-they-wish-for-gael-clichy-arsene-wenger