Alisher Usmanov

Don't worry Lex, Arshavin, Walcott and Sagna will be off the wage bill next Summer. Maybe Wilshere and Cazorla too

If only more clubs were as well run as Arsenal, eh?

The funny thing is they people think out board will break the bank to secure Wenger's replacement. Will they feck.

We're a midtable side with a midtable mentality so we'll go for a manager who is able to work on a budget, with lesser players, plays football "the right way" and is willing to find players of potential who can be sold for great profit. Ladies and gentlemen, out next manager will be Roberto Martinez. Book it.

Why do Arsenal 'have to' make a f/ckin' profit?
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To pay for the interest on the stadium debt! After which we have to declare profits for FFP. Chelsea and Man City just inject money at the start of the tax year that means they will finish with a profit.

We don't have £70m to spend. We have a surplus of £70m in the bank to be paid out as dividends.

With a 140m wage bill we should be finishing 4th with any half-decent manager, Wenger being some sort of a miracle worker is a huge myth.

Wenger being some sort of a miracle worker is a huge myth
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Actually the £140m wage bill is the reason why Wenger is a miracle worker.

Man City, Chelsea even Man Utd just right off bad players and declare a loss. So there wage bill is only for players who are actively involved in the squad.

We should have already sold/written off, Denilson, Bendtner, Chamakh, Squillaci, Fabianski, Park. But nooooo, for the idiots running the club would mean making loss that they promised Kroenke they would never do!

Please WENGER fall on your sword now . You are ruining your reputation/ legacy etc.

Let's get the yanks out as well and sell our soul to the Uzbeks. If we're going to be owned by s we may as well be owned by rich s who are willing to spend some money .

Hmmm... I think a lot of fans hold the outdated myth imo that you play the best football in the league. I honestly dont think you do now.
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Of course we don't. We have been getting played off the park by teams like Fulham and Swansea in recent times, the last time we played top quality football was in 2010/2011, until we bottled the CC Final against Birmingham.

Funnily enough, it was a league game against Brmingham that season where we just brushed them aside, that I thought we would seriously win the league. s, the lot of them.

J99

Surely then if we need to make 'profit' to pay off the stadium debt, we're not in profit at all?

I mean the interest on the debt is a bill that needs to be paid, as much as any other outgoings?

Really sounds like we're not actually self sustaining at all.

Really sounds like we're not actually self sustaining at all.
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Yep. Football has never been profitable but even less so in modern times with wage price inflation and debt.

Go back and examine the accounts for the last 4 years and subtract the profit made on player sales. You will find we will be making losses without selling Nasri, Kolo, Adebayor, Clichy, RVP, Eboue, Cesc et al. Wenger explained that when Dein was selling up to Usmanov. Kroenke has bought into something he never understood. At the time Wenger said something along the lines of selling one £15m player every year for the next 15 years. Usmanov suggested having a rights-issue to wipe of the stadium debt that would then allow us to be self-sustaining.

What compounds the issue is that we cannot afford to write-off the wages on players who do not develop. And loans don't matter, for example we are still paying part of Bendtner, Park and Denilson's wages. Add that to the wage bill bloats with players who might not play the whole season like Squillaci. This means we cannot sign players like Theo to an extension before he reaches his final year. Even then its more profitable to sell until you can't trade down any further without risking future CL income. Very likely this year. We can only sign younger players like Gibbs/Oxlade and even they have got wise to the mess made by Gazidis.