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by JAMES CURTIS To some degree for Arsenal fans, the reports this week of the club’s strong financial prospects helped to ease the worry of the last five years, and with it, install a more upbeat idea of what the future holds. Einstein said the definition of madness was continuing to so the same things and expecting different outcomes, and I think everybody pouring their sweat into matters have at one stage bordered this insanity while watching modern Arsenal under Arsene Wenger.
Within weeks the outstanding £2 million debt on the Highbury flats should be wiped out. The private flats still available should also generate a further £20 million with each one fetching around £400,00 on average. In February, pre-tax profits of over £35 million were announced and with a kitty of £30 million after the sales of Kolo Toure and Emmanuel Adebayor, Wenger might finally have the funds to break the mould on his tight wage budget policy.
The most promising news was that the clubs overall debt is now under £175 million, which is almost entirely linked to completing the mortgage on the building of the Emirates. With a sound business model at Arsenal this should gradually take care of itself and not get in the way to much of spending money on players, which Wenger looks certain to do in the summer.
I’m no expert on the finances of Arsenal, and if you need any further clarification on things then the man to ask is Arsenalinsider’s Vic Crescit. But the breakdown of things this week are pretty straight forward, helping to make life as an Arsenal fan a little easier when thinking about the future.
“Due to the construction of the Emirates Stadium, for many years we could not spend a lot,” said Wenger. “Our financial situation has greatly improved. We are finally able to buy the players we think we need.”
Wanting everything to come at once is natural for the football fan. Mostly for Arsenal supporters this greedy attitude is engulfed by having to witness our most detested rivals do so well when we are doing so badly in comparison. The reality is though that Arsenal are reconstructing things now for a permanently successful future, and in the grand scheme of things going without a trophy for five or six years isn’t much if the Emirates plan finally pays off. If, I say.
Still, we sometimes forget the privilege of watching football at the Emirates, and while we cry out for superstar players we must remember not to get bored with something as outstanding as our new home. While Wenger must be credited with the vision of the Emirates, the fans must take their acclaim for supporting the club to the point of an optimism so great that filling a 60,000 seated stadium was deemed possible without a flicker of doubt. Soon hopefully, the exceptional Emirates and finest players around will be able to come together.
It’s tentative to keep speaking about the future (sleeping giants and all that is something we come to expect of Spurs) but the club is reaching a very crucial period where I firmly believe more money will be invested into the most important area: the squad. Winning back-to-back Premiership titles is something the club has never been able to achieve. Even with the great faces of the double seasons and the Invincibles this wasn’t possible, and it’s been proven that continual spending on players is the only way to do it.
So to say it again: that next season will be our year – might just sicken the average Arsenal fan. Do we want to hear this? Do we need to hear this? Often when it’s said, misery follows. But with the finances clearing up nicely it’s only logical to think that winning trophies again is possible, and doing what we’ve never done before by winning two titles in consecutive years is more of a likelihood with the right sort of money available.
While I’m feeling optimistic, it is still important to criticise the team when and where it’s needed. The manager too! The day we stop becomes the day the people running and playing for our football club forget about the demands of their massive wages. It’s something the politicians in this country have gotten away with for decades, because we didn’t question the appalling job they did considering the vast amount of money they got paid for doing it. Now it seems the country is beginning to stand on it’s feet and Arsenal should be no exception, especially if the player’s salary takes a stead rise in the coming seasons.
When it happens though I’ll welcome it, if it means Arsenal winning more trophies and so long as the attitude of the players is one of commitment and truth. With many of the Young Guns having signed new contracts over the past year (17 players in total) Arsenal are playing the monopoly board well. It’s not long before these lads turn from houses into hotels and Arsenal begin to cash in for their excellent investments. I’m still vying for a great Arsenal future, and I hope you are too. Roll dice …
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