speedy wrote:We don't have investment so we have to break even. It's that simple.
But we don't just break even - we generate profits even after we use the same revenues to update our infrastructure.
Monchi rumoured to be appointed Arsenal sporting director
Anzac wrote:speedy wrote:We don't have investment so we have to break even. It's that simple.
But we don't just break even - we generate profits even after we use the same revenues to update our infrastructure.
New books will be out in 2 months I guess we'll see then.
Recently (all figures Official from Arsenal.com)
2014 £6M profit pre tax
2015 £6M loss
2016 £2.9 Profit pre tax (NET DEBT £47.1M)
2017 £44 Profit pre Tax
2018 £ 70M Profit pre tax ( we made £120M from player sales, Giroud, Theo, sanchex Ox)
Net cash (as opposed to net debt as it was previously at the end of the year stood at £14.8M
We brought in quite a number of players in the summer.
New books are out in 2 months. I reckon it'll be more of the same. Goal is to break even but im guessing we may well be in a slight negative for the year hence the block on transfers at winter.
speedy wrote:Anzac wrote:But we don't just break even - we generate profits even after we use the same revenues to update our infrastructure.
New books will be out in 2 months I guess we'll see then.
Recently (all figures Official from Arsenal.com)2014 £6M profit pre tax
2015 £6M loss
2016 £2.9 Profit pre tax (NET DEBT £47.1M)
2017 £44 Profit pre Tax
2018 £ 70M Profit pre tax ( we made £120M from player sales, Giroud, Theo, sanchex Ox)
Net cash (as opposed to net debt as it was previously at the end of the year stood at £14.8M
We brought in quite a number of players in the summer.New books are out in 2 months. I reckon it'll be more of the same. Goal is to break even but im guessing we may well be in a slight negative for the year hence the block on transfers at winter.
So despite our record spending in terms of both transfer fees and totals for a window, we've also managed to generate over 110m pre-tax profits at the same time.
If you read Swiss Ramble's thread about it, the profits were almost exclusively down to player sales, as speedy also points out.
I’m sure this past year was a train smash with the new player deals for Ozil, Aubameyang and Mkhi; and the reduced Europa League money coming into play. No big player sales to buttress the financials.
Walcott was sold in January, Sanchez swapped for Mkhi, etc. I think we balanced things neatly again, but people just need to look at the numbers. We would have made a huge loss without player sales, that's just a fact. I think speedy's theory about the winter window block is correct.
Not to forget the tidy sum we got for Ox.
That said I think the wages are the reason we didn't do any business, and our player sales were made to offset our fees paid. By keeping our wages relatively high in terms of our revenue streams and FFP we are less likely to spend by default, and more likely to generate pre-tax profits. I saw something that after the trolley dash recruitment of 2010/11 season our operating costs rose by something like 20m despite the sales of Fabregas & Co, and that they've continued to rise each season regardless of revenues or spending.
AW was the ideal manager for doing so as long as he was able to keep us over-achieving in terms of top4, but the shit comes down hard when we need to rebuild in order to regain top4.
If Emery manages to regain top4 this season he will be the only manager to do so in the current PL money era without the club having spent over 100m in at least 1 transfer summer.