Claudius wrote:
I'm Arsene's biggest critic.
The fact that he is wiling to make some of the outlandish bids he has made this summer shows that some driving factor has changed substantially. Is he just under more pressure from Gazidis? That seems speculative. What we do know is he has a lot more money guaranteed to come into the club than ever before, so the banks will let him spend. It could just be that simple. That he previously did not have enough money to spend over and above what the banks might dictate given our enormous loan for the Emirates.
arsenal don't rely on banks to "let them spend". and we don't have bank loans. in fact we have money saved in banks, a shit load of it.
qs! wrote:
lagos wrote:
yep! sometimes you have to take risks, spend in anticipation of future income and then work hard to realize said future income. Sometimes if you wait for cash in hand you"ll find the market has moved against you and your money doesn"t go so far.
The Leeds Utd method.
time value of money.
we always had cash in hand. there was no leeds utd style risk. arsenal were overly conservative because they weren't sure if they spent some of the cash reserves how fast we would be able to replenish it with the anticipated increases in commercial revenue. i don't see why they couldn't have operated under the assumption that the our two major deals would improve by at least 30m total annually in 2 years, to me that's operating conservatively. what they did was something else. leeds were spending based on future tv money as a CL club, an entirely more risky proposition. no one is saying arsenal should have anticipated the increase in tv money. they rightly should treat any increases over a certain amount as a bonus. i don't see how anyone could look at a club of our stature with severely undervalued commercial agreements and not see that our commercial revenues would go up.
there are risks in being too risk averse. you end up with wasted money on a lot of shit players. instead of kicking on an showing ambition to your younger players after you sold two relatively unimportant and easily replaced players to city (toure and ade), we went backwards and ended up signaling to them that we weren't serious or wouldn't be anytime soon.
