I do feel to much is made of how he has juggled finances with players the last few years. I agree he has done a fine balancing job but feel this should never have been the situation to start with.
Unfortunately, it was always going to be the situation with a £260 million bank loan. I'm not going to pretend like I know the ins and outs and as much as I enjoy reading the Swiss Ramble, it mostly goes over the top of my head, lol. We need to make a £15/20 million profit every season and my guess is that figure is our loan repayment. He's still had some money to spend but that figure ties his hands to a certain extent. Too many Arsenal fans want indiscriminate spending to try and close the gap between City and United but I look at the likes of Rangers and Portsmouth and thank god that even if we've gone 7 years without a trophy, our finances are being properly managed. It's been tough but Wenger has laid firm foundations for the future and whilst a lot of Arsenal fans don't appreciate it now, they will in 5-10 years time.
In some ways it would be good if you had a catastrophic season and fans were really really livid.
Certainly this year was the closest we've come to a total breakdown in the relationship between manager and fans. More people than ever were questioning Wenger's abilities and no one gave us a chance of a top 4 finish. Last summer was so poorly handled it was embarrassing and the frantic, last minute shopping on transfer deadline day should never have happened. We need to learn from that and the early sign are that, for the most part, we have.
The board set-up at Arsenal is now very different with Kroenke holding the majority of the shares and Usmanov the rest. No one really knows what their plans are, particularly Silent Stan's.
Yup. No one quite understands why Kroenke is on the board and the call for Usmanov will get louder the longer we go without a trophy. Personally, we have a measure of stability in the boardroom and I'm loath to see anything disrupt it. But realistically, we're in a situation where two men own something like 95% of the club but have no intention of working together. I wouldn't go so far as to call it a concern but the last thing anyone wants is for Arsenal to become a toy two billionaires squabble over.
They've been a bit lucky in the sense that there has been no serious competition for a top 4 spot but they nearly blew it this year. If Spurs hadn't screwed up again on the run-in & Chelsea not under-performed under AVB, there might have been no CL football next season. That could have made life difficult as the windfall from the Highbury development dried up at the time they might have to stretch the finances a bit to stay in touch.
Definitely, which is why it's great to see players being brought in quickly. We still need a GK to push Szczesny, a versatile defender would be great and a defensive midfielder. Sorting out the contracts of RVP, Walcott and Song is also a pressing issue that needs dealing with.
They might not have a huge net spend but they had the second highest wages for more than half a decade and still top 4 of huge wages. Arsenal and liverpools wage bill is almost 40m more than a chasing club like spurs. Do the points on the table reflect that?
I agree, it's a massive issue. The problem is Project Youth demanded signing up promising talent on long-term, high paying contracts to ward off potential suitors. The only problem is, many of them haven't progressed as the club would've liked. Hence, we have the likes of Bendtner, Diaby, Vela and Denilson stuck on huge contracts that still have a few years to run and we're finding it impossible to shift them.
Not to mention poaching youngsters from all over the world, even before the likes of barca can get in there.
Do we take advantage of Spain's employment laws? Of course, but to be fair, no one forces these kids to sign for us. Remember that Messi was 'poached' by Barca at the age of 13, Dos Santos at 11 and Thiago Motta at 17. They also made offers to two of our young stars, Benik Afobe and Chuks Aneke. Both turned them down, hehe :) We're not doing anything against the law and we're offering these kids the opportunity to train in world-class surroundings under a coach who knows how to develop young talent. All clubs are compensated accordingly.
Phew, that was long. Nice chatting with you chaps.