Between Arsenal releasing their half annual financial accounting, Wenger giving his presser a day early, and me needing to be in to work early it’s been a pretty crazy morning so far.
The Arsenal profit/debt report is deserving of its own column but I frankly just don’t have the time this morning to read through the entire report and find the aporia. Instead, I’ll just say that my initial reaction is one of surprise. The board are claiming that not only did they turn a profit of £35m on all projects but that sales of the Highbury Square development are going so well that total debt on that project is just down to £13m.
Moreover, the club’s debt at this time last year was a whopping £332m and that has been reduced in just six months to £203m with Gazidis trumpeting the fact that as of today that figure is “well below £190m.” With football now delivering nearly £50m in profit a year and with Highbury delivering nearly £10m a year Arsenal look to be in the greatest financial shape of their entire history. Oh, and that doesn’t even touch on what’s happening at Queensland road where they have already sold the affordable housing to a local trust.
All of this profit is a huge bone of contention among supporters with many asking why that money isn’t being invested in big name players on the pitch and Ivan Gazidis’ answer won’t help soothe those malcontents: we’ve the youngest squad in the Premier League and Arsenal signed 17 players to extended contracts this year.
I’m even starting to wonder what the hell is going on with all the money that this club is generating and until I have a look at the whole report I can’t make a really informed comment there. What I will say is that while the Arsenalization of the Emirates stadium is nice, most supporters who are paying $160 a seat to watch Arsenal in the Champions League would rather that we put money into “Arsenalizing” the squad. I see this Summer transfer window as a real opportunity for Arsenal to make good with their fans and purchase a big name player. Judging from the comments here and elsewhere if they fail to do that and keep reporting record profits they could have a serious fan revolt on their hands.
Gazidis tries to address this and you can check out his remarks on the report in the embedded video below.
Meanwhile, tomorrow marks the return to football where we can all put down the balance sheet for a moment and pick up a ball, and a towel, as Arsenal travel to Stoke for a rugby match played without hands and with a roundy ball.
Wenger is saying that every match Arsenal play for the rest of the season is “like a cup match” to which I reply; well we better not play them like we played them in the cup! You’ll remember that match, that’s where they beat us 20 to 8 in the fouls given category.
We can’t expect any relief from the match official in the fouls department because Peter Walton is in charge. You might remember him from the Everton match, where he allowed Phil Neville to hack down Denilson in the box and gave Fellaini free reign to kick everyone off the pitch. We have broken our Premier League penalty “curse” last week and maybe now that the FA lockdown on Arsenal penalties has been lifted the floodgates will be opened.
We all know what Stoke is going to do tomorrow and thankfully Arsenal have Sol Campbell and Thomas Vermaelen available for a little bit of heading practice. Let’s just hope that the really decent version of Manuel Almunia shows up and is able to punch away some of their direct throws. Which reminds me, is it legal to throw the ball directly into the goal?
As you already know, Gallas, Diaby, and Arshavin are all out for tomorrow and Eduardo’s fitness is going to be assessed today. I’d rather Arsene didn’t start Eduardo irregardless his match fitness. Let’s hold him in reserve in case we need a late, poached goal.
On the other side, Higginbotham and Etherington are out for Stoke which just means that we’ll probably see them bring in some absolute animal like Salif Diao to kick, I mean “mark” Cesc in the midfield. Make no mistake, that’s what we’re looking at tomorrow; the whole team will take turns kicking Cesc Fabregas. It’d be nice if Sol Campbell or someone would take a yellow for the team and just take one of their players out for once. Hey, I know, how about Rory Delap? Not that I’m advocating any form of violence against any of their players that they wouldn’t advocate for ours.
Right, the match is live here in the States on Fox Soccer Channel and it’s the late match. Since Chelsea will be hosting Team Bridge tomorrow we should know where we stand in the table by the time we kickoff at 9:30am PST. I have to say that the early match there (on ESPN2 here) could very well be a real cracker since Wayne Bridge is playing and it seems he hasn’t forgiven John Terry his cuckoldry quite yet. I’ll be tuning in to that for sure.
Meanwhile, over here I’m going to try to do the liveblog but I’ll be honest and say that it’ll mostly be you all just chatting since I get to be Mr. Mom tomorrow and watch the 2 year old all by myself.
That’s it for today from me, see you all tomorrow!