debt
Tuesday, 24 July 07, 03:44 AM · Comments(0)
Unfortunately as an Arsenal fan, I
cannot choose my co-supporters, however much I would wish. But some of them have a scary cynicism. Firstly, Arsenal are conducting their business as they have throughout the 10 yrs of Wenger. Why is
it suddenly a worry now? Secondly, why in the world do the current shareholders need to inject money when the club is self-sufficient. Perhaps you do not get, Mr Cynical Gooner, let me repeat: LIVING
WITHIN HE CLUB'S MEANS. What that means is that u do not spend what you do not have, like Man U and Liverpool. Man U have GBP600m in debt and they spend GBP50m on players when their interest
payments are GBP62m. We have not even mentioned the capital repayments. Do the sums. Based on GBP600m in debt and GBP800m in enterprise value, Man U today is worth GBP200m! Based on GBP260m in debt
and GBP650m in enterprise value, Arsenal are worth GBP400m today!!! By next year, with only GBP20m in interest payments, we will be able to spend GBP50m a year on players if we so wish. But we will
not with or without an idiot billionaire because the club has NEVER done that and does not believe in that. Now I ask you again, sell the club for what purpose?????Like this blog? Help spread the word: 
1
-
balgill
gravesend, GB
Arsenal scored 68 goals last season, and 5 less this at 63. Chelsea scored one more goal than the Gunners did this season a total of 64. All that money and they have scored 19 goals less than Manchester United, and only one more than Arsenal. They got that total with Drogba, Shevchenko, J. Cole and Robben all available. Arsenal nearly equalled them without van Persie available from the end of January, and Henry injured for most of the season.
