Gunners announce profits : Wenger may be given ‘surplus funds’ to spend?
I guess it shows when people say why doesn’t Wenger by anyone, even though he said he had the money, was probably because he didn’t.
Source:
Arsenal non-executive chairman Peter Hill-Wood has indicated that Arsene Wenger could be handed ‘surplus funds’ after the club announced half-year pre-tax profits of £35.2million.
The Gunners have revealed their latest financial records and there has also been a significant reduction in the club’s net debt to £203.6m as of 30th November 2009 from £332.8m on 31st May 2009.
In the wake of the positive results, which are based on the sale of 261 apartments at Highbury Square, Hill-Wood has indicated that Wenger, who has bemoaned a shortage of cash, could be given spare money to invest in his team.
Good news for Arsenal slashing their Debts right down, a few more seasons and the stadium will be paid for.
Just wonder how much of the profit money will be given to Wenger to spend, and then where he’ll spend it?
(I will copy & paste answer from previous question)
The days where we can buy top top players is edging closer!
I was extremely pleased when I heard the news. This is this best news for us. I know people complain about Wenger not buying but for me, this shows it has actually worked. We’ve carried on competing for major competitions throughout these years and our debt has only reduced! Thank you Wenger. Apparently the debt has now been reduced to under £190million!
Honestly, considering the financial difficulties many clubs are facing, this is remarkable news. If we bought players, not forgetting high wages, we’d be in a difficult financial state. Although the debt is still pretty high (not that much considering some clubs) it’s only bound to get lesser. I know people will thank Wenger in 2-3 years time when Arsenal are the ones winning things because we are able to buy players due to having the money available. People don’t realise Wenger is looking in the long term. If we just spent, in 2-3 years time, we’d have to sell players and not be able to improve as years progress.
I guess moving the the Emirates has paid off!
A VERY VERY VERY happy Arsenal fan. and again, extremely grateful for having such an amazing manager in Arsene Wenger.
The Nightmare After Christmas
Related Articles
No user responded in this post
Leave A Reply