Previous names: Dial Square, Royal Arsenal, Woolwich Arsenal

Wednesday, August 29, 2012

This is the last straw

By 1970's Gooner

Walcott is refusing to sign a new contract. This is the last straw. It’s spreading around the Emirates like the plague. Any player on Arsenal’s books who has or believes he has some star quality wants out.

The fact is that Arsenal are now perceived (by its players) to be a selling club and indeed this is so. So an Arsenal player who thinks he is somebody does one of two things.

He either jumps at the opportunity of going to a more successful and less stingy in terms of salary, club way before his contract ends (eg Song) or refuses to sign a contract extension and lets his contract run down to the final year (as RVP did and as Walcott intends to do).

This is inevitable in my mind and is a direct result of the football model that AFC has decided to follow. This model is based on sound financial principles of running the club as a business and not necessarily as a club in the hunt for trophies. The latter is always sacrificed for the former.

And running the club as a business means that profit is of paramount importance. It could have been that the present shareholders invested their money elsewhere, in a different sector altogether. Their ultimate aim would still be the same: making a profit and eventually selling the shares at a premium.

That’s why Stan Kroenke has been allowed buy shares in Arsenal and not Usmanov. Stan is there to realise a hefty profit down the line IRRESPECTIVE whether Arsenal win anything during that time or not.Usmanov on the other hand would throw money in the club with the aim of winning trophies but dilute the value of the shares in the process. And this is anathema to the present shareholders.

The move to the Emirates and the hefty borrowing placed upon the shoulders of the club falls directly in line with this philosophy. A stadium much bigger than Highbury with a 60,000 capacity crowd paying highly expensive ticket prices is creating substantial revenue and operational profits. Add in the profits being made on the transfers of players and you have a very lucrative business proposition.

Once the loans have been paid off these operational profits will no longer be used up to pay off the Banks. Net profits will shoot upwards and seriously bulge the net worth of the club and the value of the shares, which will rise to astronomic proportions.

That’s when the shareholders will sell.

But this is not due for another 10 years!

In the meantime the whole model is made viable by the genius of one man: Arsene Wenger. He makes it possible by doing two things.

Firstly he finds and buys gems, has the extraordinary ability to turn them into star players and when they grow disillusioned with the lack of success he sells them off at a huge profit (thus helping to create the resources to make up the loan installments).

And secondly he manages to get us into the Champions League year after year creating more profits but also importantly keeping us, the supporters, reasonably interested to keep filling up the stadium.

The trouble is what will happen when Wenger for any reason is not there any more. Or he fails to get us into the CL. He is human after all.

Friday, August 03, 2012

Cazorla’s signing and RVP’s possible rethink places a strong Arsenal in the title challenge

By 1970’s Gooner

Don’t get me wrong Cazorla is a major signing for Arsenal and Arsene Wenger. It sends out the message that Arsenal and Wenger mean business this season. And this is for two reasons.

Firstly, the total transfer outlay so far is about 40m, and still counting. This is far more than any other season in the last seven barren years.

Secondly all the transfers involve players who are far more mature both in terms of age and experience in difficult competitive leagues. Podolski is 27 and a Germany international, Giroud is 25 and a France international and Cazorla 27 and a Spain international.

They are all quality players and worthy of first team selection. And they are all added to a squad who as yet has not lost anyone of note. If RVP does eventually leave this summer then the three new comers do add up to a net addition to an already strong squad.

Consider the squad as it stands now:

Goalkeepers: Szczęsny, Fabianski, Mannone

Right Backs: Sagna, Jenkinson, , Koscienly (if needed), Coquelin, Yennaris

Left Backs: Gibbs, Santos, (we are rather short of cover here if both get injured)

Central Defenders: Vermaelen, Koscienly, Mertesacker, Djourou

Central Midfilders: Song, Diaby, Arteta, Rosicky, Ramsey, Coquelin, Frimpong, Wilshere,

Wide Midfielders: Walcott, Gervinho, Podolski, Arshavin, The Ox, Cazorla

Strikers: RVP (if he stays), Giroud, Chamakh, Bendtner (if he stays)

It seems that if RVP leaves the strikers position would prove to be an area where we may me short. Chamakh is not up to it and Bendtner wants out which leaves us with only Giroud.

Nevertheless the squad is far far stronger than in recent years.

And I boldly can predict that IF RVP has  a rethink and stays then we can  lift the title this coming season…..

Thursday, August 02, 2012

Malaga issue official statement

By 1970’s Gooner

Malaga has just released a statement with regard to their financial reality. This is the full statement:

"Malaga Football Club has begun a process of internal restructuring within the organization to adapt to the standards of financial fair play, in order to ensure self-sufficiency and sustainability. This process, which does not mean it has rejected any kind of investment by the current owners, will involve some changes to the current Club organizational entity that will strengthen the future ".

This is a direct admission that the club has to clear huge debts by the end of the month or face relegation to Spain's second tier, the loss of their UEFA licence and Champions League expulsion.

And changes have already began to take place. Antonio Fernandez has today been invited to leave his post as athletic director, who will now be Alfonso Serrano.

Meanwhile, Pellegrini their coach is meeting this afternoon with the theoretical new strongman Quatari Moayat Shatat who is replacing Ghubn Abdulla, who seems to have disappeared from the map. Pellegrini will make a decision after the meeting whether to continue or not.

Besides selling Cazorla to Arsenal, Malaga will try to sell to players who can attract the most transfer fees: Monreal, Isco, Toulalan, Joachim and Rondon.

In the mean time Cazorla has been sighted at a Spanish airport before flying in to London for his medical.