Arsenal 2017/18

[Jack Hackett]

We are a sustainable club which has been in profit for four years. We make our money the same way as everyone else from TV, gate receipts, and commercial sponsors. In fact Arsenal receive more money from the Middle East via Emirates than we get from Etihad. The Sheikh has trebled his original investment. So, after the initial infrastucture investment, we have earned every penny we make from our onfield success.
Bayern's business model, and to a lesser extent Juve's, is built from exploiting other clubs in their respective leagues by holding them to ransom and taking all their best players. Bayern are a disgrace and that's why they are despised by all other German fans.
Arsenal have milked their own fans for every penny they can take and give to their rich owners. Unlike City they have invested virtually nothing into their local community. City have built schools and affordable homes. Arsenal added to the gentrification of Islington by building luxury flats at Highbury. They have driven away a lot of their working class fans. The business structure at Arsenal is also a disgrace.

Your antipathy to Arsenal is very clear in your comments above however leaving that aside and as someone who was born and bred in Highbury and a season ticket holder at Arsenal for over 30 years, let me correct you on a couple of things.

The amount that Kroenke takes out of the club is relatively modest with pretty much everything else re-invested in the club.

Arsenal give back a huge amount into the community, that may not be as much as City (who got a newly built stadium handed to them unlike Arsenal).

As for the gentrification of Islington, Highbury has always been a very expensive place to live regardless of a relatively few flats built on the old site whose value was maximised to enable the club with a big chunk of bank debt to afford building a new stadium from scratch.

Other than that your one eyed view of the perceived venality of Arsenal is but a strawman held up solely to praise the 'truth' (as you see it) of the virtue of City by comparison.

Congratulations on winning the league by the way. You did it in style and were streets ahead of everyone else. But spare me the unctuous and fawning homilies to City as a morally superior club.

 

[PannickAtTheDisco]

Your antipathy to Arsenal is very clear in your comments above however leaving that aside and as someone who was born and bred in Highbury and a season ticket holder at Arsenal for over 30 years, let me correct you on a couple of things.

The amount that Kroenke takes out of the club is relatively modest with pretty much everything else re-invested in the club.

Arsenal give back a huge amount into the community, that may not be as much as City (who got a newly built stadium handed to them unlike Arsenal).

As for the gentrification of Islington, Highbury has always been a very expensive place to live regardless of a relatively few flats built on the old site whose value was maximised to enable the club with a big chunk of bank debt to afford building a new stadium from scratch.

Other than that your one eyed view of the perceived venality of Arsenal is but a strawman held up solely to praise the 'truth' (as you see it) of the virtue of City by comparison.

Congratulations on winning the league by the way. You did it in style and were streets ahead of everyone else. But spare me the unctuous and fawning homilies to City as a morally superior club.

well, we are...

You and Spurs had a model of building a new stadium, we went a different route but are still paying our way. Maybe you should have pitched the 2012 Olympics on the site of the Emirates and then refitted it afterwards? Different strokes, we're hardly West Ham.

 

[aguero93:20]

Your antipathy to Arsenal is very clear in your comments above however leaving that aside and as someone who was born and bred in Highbury and a season ticket holder at Arsenal for over 30 years, let me correct you on a couple of things.

The amount that Kroenke takes out of the club is relatively modest with pretty much everything else re-invested in the club.

Arsenal give back a huge amount into the community, that may not be as much as City (who got a newly built stadium handed to them unlike Arsenal).

As for the gentrification of Islington, Highbury has always been a very expensive place to live regardless of a relatively few flats built on the old site whose value was maximised to enable the club with a big chunk of bank debt to afford building a new stadium from scratch.

Other than that your one eyed view of the perceived venality of Arsenal is but a strawman held up solely to praise the 'truth' (as you see it) of the virtue of City by comparison.

Congratulations on winning the league by the way. You did it in style and were streets ahead of everyone else. But spare me the unctuous and fawning homilies to City as a morally superior club.

This would be the stadium that we paid all the conversion costs and running costs for, the one we've developed out of club funds and the one we'll pay 3 times the construction costs (as well as handing over Maine Road for nothing) of over the life of the operating lease? You need to do a bit of research before spouting off Jack, letting yourself down there.

 

[Petetheblu]

Your antipathy to Arsenal is very clear in your comments above however leaving that aside and as someone who was born and bred in Highbury and a season ticket holder at Arsenal for over 30 years, let me correct you on a couple of things.

The amount that Kroenke takes out of the club is relatively modest with pretty much everything else re-invested in the club.

Arsenal give back a huge amount into the community, that may not be as much as City (who got a newly built stadium handed to them unlike Arsenal).

As for the gentrification of Islington, Highbury has always been a very expensive place to live regardless of a relatively few flats built on the old site whose value was maximised to enable the club with a big chunk of bank debt to afford building a new stadium from scratch.

Other than that your one eyed view of the perceived venality of Arsenal is but a strawman held up solely to praise the 'truth' (as you see it) of the virtue of City by comparison.

Congratulations on winning the league by the way. You did it in style and were streets ahead of everyone else. But spare me the unctuous and fawning homilies to City as a morally superior club.

What did he say??...;^)

 

[Jack Hackett]

well, we are...

You and Spurs had a model of building a new stadium, we went a different route but are still paying our way. Maybe you should have pitched the 2012 Olympics on the site of the Emirates and then refitted it afterwards? Different strokes, we're hardly West Ham.

The assumption that what was available to City was also available to Arsenal is wrong.

City benefited from leasing a stadium owned by Manchester City Council and which it didn't pay to build.

It admittedly has committed to invest more in the stadium but still only pays a peppercorn rent on a lease it negotiated primarily in order to acquire lucrative naming rights. Had Arsenal had the same windfall opportunity I'm sure they would have taken it.

 

[Jack Hackett]

This would be the stadium that we paid all the conversion costs and running costs for, the one we've developed out of club funds and the one we'll pay 3 times the construction costs (as well as handing over Maine Road for nothing) of over the life of the operating lease? You need to do a bit of research before spouting off Jack, letting yourself down there.

Unlike the 'des res' attraction of Highbury and it's consequent land value, City's old Moss Side brown site was hardly likely to be anything other than a non attractive give away.

 

[aguero93:20]

The assumption that what was available to City was also available to Arsenal is wrong.

City benefited from leasing a stadium owned by Manchester City Council and which it didn't pay to build.

It admittedly has committed to invest more in the stadium but still only pays a peppercorn rent on a lease it negotiated primarily in order to acquire lucrative naming rights. Had Arsenal had the same windfall opportunity I'm sure they would have taken it.

Construction Cost = £112m (paid for by Sport England)
Finance Lease = £2m per annum over 250 years = £500m (paid to Manchester Council)

Nice deal for the council.

City got involved from day 1 of Commonwealth games planning to secure the stadium and are a long way from getting a favourable deal on the numbers alone. Don't blame us for Arsenal's lack of vision regarding the Olympics.

 

[aguero93:20]

Unlike the 'des res' attraction of Highbury and it's consequent land value, City's old Moss Side brown site was hardly likely to be anything other than a non attractive give away.

You kept Highbury though. So Arsenal did a lot better than City there.

 

[VOOMER]

The assumption that what was available to City was also available to Arsenal is wrong.

City benefited from leasing a stadium owned by Manchester City Council and which it didn't pay to build.

It admittedly has committed to invest more in the stadium but still only pays a peppercorn rent on a lease it negotiated primarily in order to acquire lucrative naming rights. Had Arsenal had the same windfall opportunity I'm sure they would have taken it.

Geez from a supporter of a club that bribed it's way into the top tier.

 

[PannickAtTheDisco]

The assumption that what was available to City was also available to Arsenal is wrong.

City benefited from leasing a stadium owned by Manchester City Council and which it didn't pay to build.

It admittedly has committed to invest more in the stadium but still only pays a peppercorn rent on a lease it negotiated primarily in order to acquire lucrative naming rights. Had Arsenal had the same windfall opportunity I'm sure they would have taken it.

The Emirates cost £390m, The Etihad cost about £150m to turn into a football stadium. City paid £20m of that, plus the expansion, plus £2-3m a season which puts us at another £30-45m paid back. The Emirates is a nicer finished stadium but the Etihad for a third of the price isn't bad, and shows what can be done.