KROENKE OUT / The Board / Staff etc (merged thread)

[OneBardGooner]

This thread in general shows how clueless our fanbase is when it comes to the finances of Arsenal. Not one fan can say the Kroenkes haven't invested in the team now. The inflection point was when Usmanov was bought out and Kroenke owned the club in its entirety. I guess having a hostile member on the board, didn't encourage them to invest in the club before the share buyout. I know that led to a lost 15 years, but no point in dwelling on the past. They are spending now, long may it continue.

A lot of this spending is down to the vision and persistence of Arteta, I couldn't see many managers convincing the Kroenke's to invest the best part of half a billion quid in what is now Arteta's team.

Not only that, there's a lot of jealousy coming from fans of other clubs citing FFP etc, they haven't got a clue about our finances either. This video which features Kieron Maguire is a very good take on where we stand in the money stakes.

https://www.youtube.com/watch?v=SltWUjJ ... =LatteFirm

Hindsight is great huh? At the time most of those posts complaining about wiggy were posted, they were not spending and they hadn't gotten rid of Wenger. Should people only base their arguments on what might happen five or ten or fifteen years down the road then? You seem to just love digging people out for posts from years ago Nutty but then say "no point dwelling on the past".

Also, you praise wiggy and Co for now spending but qualify that with it only being due to Arteta's genius that they now spend.... so I guess all those posts criticising wiggy and Co were right then? No?

Its not hindsight, its been plain clear he's opened his wallet since he took full control in 2019. Just now we have a setup where we aren't spunking money on players that don't fit in to the system. And DB10, I am a financial man so been looking at the way the club has been operating for years. Just because it's not said in here, doesn't mean its a retrospective opinion.

I'm not praising him btw, we still lost 15 years, but you can't change that. As things stand, would rather have the Kroenke's going forward than the Glazers or Henry of Liverpool. It's what I would call a marriage of convenience at this moment in time, not necessarily a happy one.

Fair points. My problem with Kroenke was not so much the spending, it was how long it took him to remove Arsene tbh. I think that corelates with the excuse that many Wenger fans held onto, that there was no money. Personally I think there was always money to some extent, but Arsene spent it badly on new contracts and extended contracts and huge pay rises for players that hadn't earned them.

Also not only were the Profits stills coming in; even though we were not playing well or realistically challenging so the Krankies just sat back and let it all happen, until of course not only did the protests start and so the dis-satisfaction of many of the fans part of which highlighted the divisions in the fan base and so the empty seats; which although only impacted in terms of TV and Media (ie: Not Good Publicity) as many of those staying away were Season Ticket holders, so the club still had their money. But then the results got worse under Wenger; whom the Krankies had trusted to keep their profits coming in.

There was also Gazidis - a well dodgyCunt who jumped ship as soon as he was able to, because he knew the club was in a mess (internally) at all levels. He oversaw the hiring of Emery then fucked off at the first opportunity.

I think the Krankies: although astute business people knew very little about British Football and had expected Wenker to run the club like he always had, but when things started going wrong: Empty Seats / Finishing outside the top 4 (and so impacting on the Money Side) it was only then they took notice and decided to do something.

Sadly the club was in a far worse state than may realised, which is why those who continued to laud & support Wenker (in the last 11 years of his tenure) were delusional.


Emery is a good manager and perhaps had the club not been in such a mess he might have had some success. And so for Arteta to Change the Culture of the club on all levels so quickly (regardless of what happens in the future) deserves much praise.

[augie]

Its not hindsight, its been plain clear he's opened his wallet since he took full control in 2019.

Any evidence that Wiggy has opened his wallet & GIVEN Arsenal any cash during this period, as opposed to borrowing to the club & expecting future payments back with interest?

Loosening the purse strings & allowing the club to spend the money it makes is not actually investing in the club.

Even dodgy tax exile Joe Lewis over at the Marsh Lane Middlesex Swamplands has paid for most of their new stadium. What money has Wiggy ever given The Arsenal?

Well said

[nut flush gooner]

Its not hindsight, its been plain clear he's opened his wallet since he took full control in 2019.

Any evidence that Wiggy has opened his wallet & GIVEN Arsenal any cash during this period, as opposed to borrowing to the club & expecting future payments back with interest?

Loosening the purse strings & allowing the club to spend the money it makes is not actually investing in the club.

Even dodgy tax exile Joe Lewis over at the Marsh Lane Middlesex Swamplands has paid for most of their new stadium. What money has Wiggy ever given The Arsenal?

Owners have two options, either borrow from banks or lend their own money to clubs at preferential rates from their other business interests/personal wealth. My understanding is that Kroenke hasn't allowed debts to spiral at Arsenal, and we should be grateful for that. Manure has debts approaching £1bn, the Glazers are literally bleeding them dry.

Ohh and Joe Lewis hasn't paid for most of the spuds stadium. I have read articles in the past showing them being around £1bn in debt, for a football club that is a huge handicap.

[Almunia is a clown]

Seems that the Middlesex Swampies got over £100 million of taxpayers & ratepayers money for their new stadium. WTF? WTF?

It's bad enough that the Spammers got a new stadium from the government. Also City got a free ground 20 years ago.

"The club received £32 million in funding from the London Development Agency, which was set up by the Mayor of London to support regeneration projects across the city. Tottenham also received £5 million in funding from the Premier League, which was provided to help improve facilities and support community development.

In addition to these grants, Tottenham also received significant tax incentives from the UK government. The club was granted “enhanced capital allowances,” which allowed them to claim back a significant portion of the tax paid on the construction of the stadium. The value of these incentives is estimated to be around £70 million?'

https://dailycannon.com/2023/03/arsenal ... t%20grants.


Arsenal had to give £30 million to TFL for transport improvements & contribute £90 million towards social housing,.

Why the fuck do we have to pay whilst these other scrounging clubs get free taxpayers money & grounds?

[nut flush gooner]

Seems that the Middlesex Swampies got over £100 million of taxpayers & ratepayers money for their new stadium. WTF? WTF?

It's bad enough that the Spammers got a few stadium from the government. Also City got a free ground 20 years ago.

"The club received £32 million in funding from the London Development Agency, which was set up by the Mayor of London to support regeneration projects across the city. Tottenham also received £5 million in funding from the Premier League, which was provided to help improve facilities and support community development.

In addition to these grants, Tottenham also received significant tax incentives from the UK government. The club was granted “enhanced capital allowances,” which allowed them to claim back a significant portion of the tax paid on the construction of the stadium. The value of these incentives is estimated to be around £70 million?'

https://dailycannon.com/2023/03/arsenal ... t%20grants.


Arsenal had to give £30 million to TFL for transport improvements & contribute £90 million towards social housing,.

Why the fuck do we have to pay whilst these other scrouging clubs get free taxpayers money & grounds?

I wouldn't be too concerned about the help the spuds where given by local/central government in the form of grants/tax rebates. The bottom line is despite this, they are £1bn in debt, still having some eyewatering loans that will dent their ability to go large in the transfer market for a number of years, especially as they aren't in anyway guaranteed a top four position. BTW Worst Ham didn't pay for their stadium either, they were given the old Olympic stadium by Boris Johnson to rent at very favourable rates. They effectively got their stadium for free.

Don't forget our squad rebuild is nearly complete, they need a complete overhaul. Kane only has a few years left at the top and he may well jump ship. Newcastle, Man Utd, Chelski, Pool and us are also going to block their path to the CL.

In respect of our stadium, its all but paid off now. As things stand a £260 million loan, with football inflation factored in is only a Saka + Martinelli transfer valuation these days. The thought of that is scary!

[sk-gtfo]

No one knows how this is being financed, so whilst I am neutral on KSE for now, it remains to be seen over many years what happens with the club.

I will say the Emirates needs some money spent on it, having done the tour recently with family over from NZ, it looks quite tired in places (other than diamond club).

[mcdowell42]

Arsenal are expected to confirm an extension to their Emirates partnership in the coming days. Their current shirt sponsorship deal, signed in 2018, ends in 2024, while the stadium naming rights, signed in 2012, are under contract until 2028. [@AAllenSport] #afc

[DB10GOONER]

Arsenal are expected to confirm an extension to their Emirates partnership in the coming days. Their current shirt sponsorship deal, signed in 2018, ends in 2024, while the stadium naming rights, signed in 2012, are under contract until 2028. [@AAllenSport] #afc

Just think, in a little over 5 years we may be playing in the Burger King Stadium or the Tik Tok Stadium! What a time to be alive!

[mcdowell42]

Arsenal have officially extended their shirt partnership with Emirates until 2028.

The new commercial deal is valued at around £50m per year, matching Liverpool’s with Standard Chartered.

[rodders999]

while the stadium naming rights, signed in 2012, are under contract until 2028. [@AAllenSport] #afc

Signing a 16 year stadium rights agreement in 2012, absolute fucking bang of Ivan off that

You'd need to be brain dead or grossly incompetent to enter into commercial deals of that length, hard to tell what the snake man was, both presumably.

[DB10GOONER]

while the stadium naming rights, signed in 2012, are under contract until 2028. [@AAllenSport] #afc

Signing a 16 year stadium rights agreement in 2012, absolute fucking bang of Ivan off that

You'd need to be brain dead or grossly incompetent to enter into commercial deals of that length, hard to tell what the snake man was, both presumably.

Gazidis the Lizard was both a moron and a dodgy wànker.

[mcdowell42]

Arsenal posted a big pre-tax loss of £52.1m as they finished 2nd in the EPL in 2022/23

@Arsenal figs:

Revenue £467m (25%)
Wages £235m (11%)
Wages to rev 50% (7%)
Operating loss £57m (3%)
Player additions £251m

Gross transfer spend over last five years: £835m

[Nick Nack]

Arsenal posted a big pre-tax loss of £52.1m as they finished 2nd in the EPL in 2022/23

@Arsenal figs:

Revenue £467m (25%)
Wages £235m (11%)
Wages to rev 50% (7%)
Operating loss £57m (3%)
Player additions £251m

Gross transfer spend over last five years: £835m

Are there any FFP implications? Because the PL would fucking love to hit us with breaking the rules

[rodders999]

I, for one, would be keen to hear US Marty's take on these recent developments

[Stuart L (2)]

Arsenal posted a big pre-tax loss of £52.1m as they finished 2nd in the EPL in 2022/23

@Arsenal figs:

Revenue £467m (25%)
Wages £235m (11%)
Wages to rev 50% (7%)
Operating loss £57m (3%)
Player additions £251m

Gross transfer spend over last five years: £835m

Revenue up 25% and that is last years figures, without Champions League and the new sponsorship deals

Should be good for a couple of super, super, quality players in the summer