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	<title>Comments on: Does Arsenal need more money?</title>
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	<description>Supporting the manager, supporting the players, playing on the pitch (just once)</description>
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		<title>By: Paul</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4092</link>
		<dc:creator>Paul</dc:creator>
		<pubDate>Thu, 16 Jul 2009 04:20:04 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4092</guid>
		<description>This is how I see it. If we are lucky enough to have a fairly injury free season, we are good for the league and I&#039;d also put it at a fairly decent chance of meeting Real Madloans in the champs league and embarrassing them. That being said. I hope Man city can actually oust one of Man U or LPool coz which would expose their skewed policies.</description>
		<content:encoded><![CDATA[<p>This is how I see it. If we are lucky enough to have a fairly injury free season, we are good for the league and I&#8217;d also put it at a fairly decent chance of meeting Real Madloans in the champs league and embarrassing them. That being said. I hope Man city can actually oust one of Man U or LPool coz which would expose their skewed policies.</p>
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		<title>By: FunGunner</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4090</link>
		<dc:creator>FunGunner</dc:creator>
		<pubDate>Wed, 15 Jul 2009 21:01:52 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4090</guid>
		<description>@ Faron at 4:56 pm 
&lt;i&gt;&quot;I am going to defend the red nose one here guys. He’s been called a hypocrite on the basis he spends loads then attacks the transfer market. The players that he has bought with a large wad of cash have been all worldclass... ...the price of the Pretty Good players ... are over priced.&quot;&lt;/i&gt;

Paying more and more for top players lifts the price of the less good players. And vice versa. It&#039;s just like the housing market.</description>
		<content:encoded><![CDATA[<p>@ Faron at 4:56 pm<br />
<i>&#8220;I am going to defend the red nose one here guys. He’s been called a hypocrite on the basis he spends loads then attacks the transfer market. The players that he has bought with a large wad of cash have been all worldclass&#8230; &#8230;the price of the Pretty Good players &#8230; are over priced.&#8221;</i></p>
<p>Paying more and more for top players lifts the price of the less good players. And vice versa. It&#8217;s just like the housing market.</p>
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		<title>By: Nhan Le</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4087</link>
		<dc:creator>Nhan Le</dc:creator>
		<pubDate>Wed, 15 Jul 2009 19:52:29 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4087</guid>
		<description>laughing my a** off over the mason thing. i just breathed fire at one of my students for copying herself without citing - even that in my book is plagiarism, girl. mason are you a girl? i don&#039;t know and i&#039;m not sexist so don&#039;t take it as an insult. after all i&#039;m just laughing at an alias, rotf.

back to money matter. i feel hopelessly powerless to discuss Arsenal&#039;s or any other team&#039;s money matter. i&#039;m just longing for the season to start. besides having good faith that the board know what they&#039;re doing and that they&#039;re giving Arsene the independence he deserves (both from ownership politics and from fans, particularly from fans), i really don&#039;t know what else to hope for. 

independence of the technical staff from money and politics problems is vital. let me not repeat money issue again because Tony already said it. but independence from fans-vs.-owners politics are equally important. just look where new castle zebras ended up: the manager is right in the middle of the storm between fans and an unwanted owners. the sad part of that story is that many fans, by good intention, recruited themselves for a battle that eventually spelled their own team&#039;s downfall. Arsene and SAF live longest in the league because their employers consented not only to leave them completely accountable for technical matters but also because they are immune from fans&#039; (and media&#039;s) shenanigans.

in this perspective i consider the masons more corrupted than spurs fans. the latter try to beat us on the pitch (really, without Arsenal they wouldn&#039;t know who to hate); the former, due to sheer myopia, try to destroy us from the root.</description>
		<content:encoded><![CDATA[<p>laughing my a** off over the mason thing. i just breathed fire at one of my students for copying herself without citing &#8211; even that in my book is plagiarism, girl. mason are you a girl? i don&#8217;t know and i&#8217;m not sexist so don&#8217;t take it as an insult. after all i&#8217;m just laughing at an alias, rotf.</p>
<p>back to money matter. i feel hopelessly powerless to discuss Arsenal&#8217;s or any other team&#8217;s money matter. i&#8217;m just longing for the season to start. besides having good faith that the board know what they&#8217;re doing and that they&#8217;re giving Arsene the independence he deserves (both from ownership politics and from fans, particularly from fans), i really don&#8217;t know what else to hope for. </p>
<p>independence of the technical staff from money and politics problems is vital. let me not repeat money issue again because Tony already said it. but independence from fans-vs.-owners politics are equally important. just look where new castle zebras ended up: the manager is right in the middle of the storm between fans and an unwanted owners. the sad part of that story is that many fans, by good intention, recruited themselves for a battle that eventually spelled their own team&#8217;s downfall. Arsene and SAF live longest in the league because their employers consented not only to leave them completely accountable for technical matters but also because they are immune from fans&#8217; (and media&#8217;s) shenanigans.</p>
<p>in this perspective i consider the masons more corrupted than spurs fans. the latter try to beat us on the pitch (really, without Arsenal they wouldn&#8217;t know who to hate); the former, due to sheer myopia, try to destroy us from the root.</p>
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		<title>By: Marc</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4085</link>
		<dc:creator>Marc</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:26:42 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4085</guid>
		<description>pig - Usmanov putting a gun in his mouth and pulling the trigger would make him a lot more popular as well.</description>
		<content:encoded><![CDATA[<p>pig &#8211; Usmanov putting a gun in his mouth and pulling the trigger would make him a lot more popular as well.</p>
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		<title>By: pig</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4084</link>
		<dc:creator>pig</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:12:52 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4084</guid>
		<description>usmanov wants a club that is already a brand. so he can exploit it to the fullest. he doesnt want to put in the hard work and build a club into a brand like the arsenal management have.

buying the flats at highbury would at least give the board a bit of cofidence in him as a long term player.</description>
		<content:encoded><![CDATA[<p>usmanov wants a club that is already a brand. so he can exploit it to the fullest. he doesnt want to put in the hard work and build a club into a brand like the arsenal management have.</p>
<p>buying the flats at highbury would at least give the board a bit of cofidence in him as a long term player.</p>
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		<title>By: Marc</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4083</link>
		<dc:creator>Marc</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:11:02 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4083</guid>
		<description>On the imcome tax subject.  Will that not affect all clubs?  Possibly ManU and Liverpool more than us.</description>
		<content:encoded><![CDATA[<p>On the imcome tax subject.  Will that not affect all clubs?  Possibly ManU and Liverpool more than us.</p>
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		<title>By: Marc</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4082</link>
		<dc:creator>Marc</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:07:02 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4082</guid>
		<description>Tony - Nice piece, well thought out as always.  What fans have got to face is that no one, and I mean no one can compete financially with Man City at the moment but this does not mean the end of the world, certainly not at the moment anyway.  The players Man City have bought so far are either not that good or have a history of trouble making.  Does anyone think that Hughes is really capable of managing that team (even if they sigh Terry) to PL title win?  As I said on another site the other day it will end in one of three ways in my opinion i) Man City finish outside of the UEFA cup places and Hughes is sacked ii) Man City finish in the UEFA cup places and Hughes is sacked iii) Hughes is sacked by Christmas and another manager and another round of spending kicks off in Jan.  Man City could become a threat but it is still at least a season away.

On top of that why does everyone assume that Man City would take our CL spot?  If Man do not strengthen further as they have claimed I can see us out scoring ManU comfortably - Rooney 15 league goals, Berbatov 10 - 15 league goals, Owen 10 - 15 league goals (I&#039;m being really generous there, Valencia will not score anywhere near the number of goals that Ronaldo got, Scholes not the player he was, ditto for Giggs.  They have a couple of young players who look decent but so do we and do we not have the strike force, even without replacing Adebayor match their strike tally?  Our midfield goal potential now supersedes ManU&#039;s by some distance.

There is no reason to panic yet.</description>
		<content:encoded><![CDATA[<p>Tony &#8211; Nice piece, well thought out as always.  What fans have got to face is that no one, and I mean no one can compete financially with Man City at the moment but this does not mean the end of the world, certainly not at the moment anyway.  The players Man City have bought so far are either not that good or have a history of trouble making.  Does anyone think that Hughes is really capable of managing that team (even if they sigh Terry) to PL title win?  As I said on another site the other day it will end in one of three ways in my opinion i) Man City finish outside of the UEFA cup places and Hughes is sacked ii) Man City finish in the UEFA cup places and Hughes is sacked iii) Hughes is sacked by Christmas and another manager and another round of spending kicks off in Jan.  Man City could become a threat but it is still at least a season away.</p>
<p>On top of that why does everyone assume that Man City would take our CL spot?  If Man do not strengthen further as they have claimed I can see us out scoring ManU comfortably &#8211; Rooney 15 league goals, Berbatov 10 &#8211; 15 league goals, Owen 10 &#8211; 15 league goals (I&#8217;m being really generous there, Valencia will not score anywhere near the number of goals that Ronaldo got, Scholes not the player he was, ditto for Giggs.  They have a couple of young players who look decent but so do we and do we not have the strike force, even without replacing Adebayor match their strike tally?  Our midfield goal potential now supersedes ManU&#8217;s by some distance.</p>
<p>There is no reason to panic yet.</p>
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		<title>By: LRV</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4081</link>
		<dc:creator>LRV</dc:creator>
		<pubDate>Wed, 15 Jul 2009 16:01:05 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4081</guid>
		<description>Tony, I think it best to leave Mason for now. I suspect he is only doing it to divert people&#039;s attention from the topic. Let&#039;s not fall for that ploy.

Back to the point, ManIOU have at least in a way admited that they can no longer maintain their spending spree. LiverInsolvent are battling with a &quot;to-admit or not-to-admit&quot; syndrome. They have at least slowed to crawling pace. The KGB-Fuls have adopted a walking pace, albeit they are being treated with quite a dose of their own medicine a-la-JT.

Economics is quite interesting. It has in the past proved the most intellectual brains wrong and the hitherto thought-to-be-minnows right. We all shall see quite soon.

What baffles me is why Usmanov is so hell bent on Arsenal. If it has been made clear that we value majority ownership, as we do, and you really want to own a new toy (club), Why not go buy Newcastle? Simples, Uh!</description>
		<content:encoded><![CDATA[<p>Tony, I think it best to leave Mason for now. I suspect he is only doing it to divert people&#8217;s attention from the topic. Let&#8217;s not fall for that ploy.</p>
<p>Back to the point, ManIOU have at least in a way admited that they can no longer maintain their spending spree. LiverInsolvent are battling with a &#8220;to-admit or not-to-admit&#8221; syndrome. They have at least slowed to crawling pace. The KGB-Fuls have adopted a walking pace, albeit they are being treated with quite a dose of their own medicine a-la-JT.</p>
<p>Economics is quite interesting. It has in the past proved the most intellectual brains wrong and the hitherto thought-to-be-minnows right. We all shall see quite soon.</p>
<p>What baffles me is why Usmanov is so hell bent on Arsenal. If it has been made clear that we value majority ownership, as we do, and you really want to own a new toy (club), Why not go buy Newcastle? Simples, Uh!</p>
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		<title>By: Faron</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4080</link>
		<dc:creator>Faron</dc:creator>
		<pubDate>Wed, 15 Jul 2009 15:56:44 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4080</guid>
		<description>I am going to defend the red nose one here guys. He&#039;s been called a hypocrite on the basis he spends loads then attacks the transfer market. The players that he has bought with a large wad of cash have been all worldclass with the exception of one (Veron). And the player he sold for 80m? Who wouldnt? I know Le Boss would. 
I think what Taggart is trying to say, is the price of the Pretty Good players(and i will put Adebayor in this Catogorie) are over priced. The Likes of Glen Johnson,  a good player but he is not worth 17m. Hangeland has a price tag on for 20m, Cahill of Bolton Wanderers has a suposedly price tag of 20m. Frank Ribery (Although World Class) had a Quote for over 50m (depending on what paper you read) because of the fact the Mancs got a farebit in there sky rocket from GetReal Madrid. Plus its not as If Manure go out and buy 4 players for 30m a year is it? Its 1 a year then a few cheap buys here and there. 

Im probably gonna get slaughted by you lot for this. But hay ho.</description>
		<content:encoded><![CDATA[<p>I am going to defend the red nose one here guys. He&#8217;s been called a hypocrite on the basis he spends loads then attacks the transfer market. The players that he has bought with a large wad of cash have been all worldclass with the exception of one (Veron). And the player he sold for 80m? Who wouldnt? I know Le Boss would.<br />
I think what Taggart is trying to say, is the price of the Pretty Good players(and i will put Adebayor in this Catogorie) are over priced. The Likes of Glen Johnson,  a good player but he is not worth 17m. Hangeland has a price tag on for 20m, Cahill of Bolton Wanderers has a suposedly price tag of 20m. Frank Ribery (Although World Class) had a Quote for over 50m (depending on what paper you read) because of the fact the Mancs got a farebit in there sky rocket from GetReal Madrid. Plus its not as If Manure go out and buy 4 players for 30m a year is it? Its 1 a year then a few cheap buys here and there. </p>
<p>Im probably gonna get slaughted by you lot for this. But hay ho.</p>
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		<title>By: Eskaia</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4079</link>
		<dc:creator>Eskaia</dc:creator>
		<pubDate>Wed, 15 Jul 2009 15:37:34 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4079</guid>
		<description>Another day, another excellent article, Tony.  One of the few constants in my world is the pleasure I get from your blog.  Quite insightful, thank you Tony, keep up the stellar work.</description>
		<content:encoded><![CDATA[<p>Another day, another excellent article, Tony.  One of the few constants in my world is the pleasure I get from your blog.  Quite insightful, thank you Tony, keep up the stellar work.</p>
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		<title>By: Jonny Neale</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4078</link>
		<dc:creator>Jonny Neale</dc:creator>
		<pubDate>Wed, 15 Jul 2009 15:04:14 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4078</guid>
		<description>Excellent post TBB.  One small point I have to pick you up on is the idea that &quot;Arsenal creep ever further away from the top spot each year&quot; - this is a myth that is danger of becoming truth through repetition -

08/09 72 points 4th
07/08 83 points 3rd
06/07 68 points 4th (Liverpool third place through goal difference)
05/06 67 points 4th
04/05 83 points 2nd

I don&#039;t see much pattern there to suggest we are getting further away each year, though I would concede that the arrival of Moneybags Chelsea caused waves at the top of the Prem.

It still seems obvious to me that Arsenal should have won in 07/08 and would have but for a wave of freak injuries in the run-in.  Fergie said as much at the time.</description>
		<content:encoded><![CDATA[<p>Excellent post TBB.  One small point I have to pick you up on is the idea that &#8220;Arsenal creep ever further away from the top spot each year&#8221; &#8211; this is a myth that is danger of becoming truth through repetition -</p>
<p>08/09 72 points 4th<br />
07/08 83 points 3rd<br />
06/07 68 points 4th (Liverpool third place through goal difference)<br />
05/06 67 points 4th<br />
04/05 83 points 2nd</p>
<p>I don&#8217;t see much pattern there to suggest we are getting further away each year, though I would concede that the arrival of Moneybags Chelsea caused waves at the top of the Prem.</p>
<p>It still seems obvious to me that Arsenal should have won in 07/08 and would have but for a wave of freak injuries in the run-in.  Fergie said as much at the time.</p>
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		<title>By: IndianGooner</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4077</link>
		<dc:creator>IndianGooner</dc:creator>
		<pubDate>Wed, 15 Jul 2009 14:48:06 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4077</guid>
		<description>Nice post Tony... 

Arsenal doesnt need any more money. We have a good squad right now even without Ade &amp; I&#039;m confident that we&#039;ll be Champions this season for the simple fact that We&#039;ve kept the team together unlike the last 4 seasons after the Unbeaten season.. Moreover, our main rivals have weakened compared to last season. So lets get behind Wenger and the boys for the season ahead.

Excellent comment from TBB. It really does seems the Banks have finally woken up.. And the recent comments from SAF proves that. His comment that the transfer market is inflated right now is because He doesnt have funds to buy a player. Wasnt it just last year that ManU bought Berbatov for 30m pounds and also Rooney &amp; Ferdinand for the same price few years back.. If the market wasnt inflated then, why is it inflated now?? The actual inflation of the market started back then when Arsene said Players were bought for a lot more than the actual. And it is proved right again. And I wonder why the unbeaten run was chosen as the GGM01 instead of Wenger joining Arsenal. if it wasnt for the GGM04, we wouldnt have had the GGM01 and a secure future and the beautiful football we have seen over the last decade..

In Arsene We Trust.</description>
		<content:encoded><![CDATA[<p>Nice post Tony&#8230; </p>
<p>Arsenal doesnt need any more money. We have a good squad right now even without Ade &amp; I&#8217;m confident that we&#8217;ll be Champions this season for the simple fact that We&#8217;ve kept the team together unlike the last 4 seasons after the Unbeaten season.. Moreover, our main rivals have weakened compared to last season. So lets get behind Wenger and the boys for the season ahead.</p>
<p>Excellent comment from TBB. It really does seems the Banks have finally woken up.. And the recent comments from SAF proves that. His comment that the transfer market is inflated right now is because He doesnt have funds to buy a player. Wasnt it just last year that ManU bought Berbatov for 30m pounds and also Rooney &amp; Ferdinand for the same price few years back.. If the market wasnt inflated then, why is it inflated now?? The actual inflation of the market started back then when Arsene said Players were bought for a lot more than the actual. And it is proved right again. And I wonder why the unbeaten run was chosen as the GGM01 instead of Wenger joining Arsenal. if it wasnt for the GGM04, we wouldnt have had the GGM01 and a secure future and the beautiful football we have seen over the last decade..</p>
<p>In Arsene We Trust.</p>
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		<title>By: Flint McCullough</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4076</link>
		<dc:creator>Flint McCullough</dc:creator>
		<pubDate>Wed, 15 Jul 2009 14:41:41 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4076</guid>
		<description>Tony deserves more consideration for his excellent article, than he has got.

&quot;Question is, of course; Do the fans have the same patience as the board&quot;

Yes indeed that is the question. Goods points, on topic, at last from a different neck of the woods. 

Hope you drop in again, Battered B.</description>
		<content:encoded><![CDATA[<p>Tony deserves more consideration for his excellent article, than he has got.</p>
<p>&#8220;Question is, of course; Do the fans have the same patience as the board&#8221;</p>
<p>Yes indeed that is the question. Goods points, on topic, at last from a different neck of the woods. </p>
<p>Hope you drop in again, Battered B.</p>
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		<title>By: mason</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4075</link>
		<dc:creator>mason</dc:creator>
		<pubDate>Wed, 15 Jul 2009 14:05:17 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4075</guid>
		<description>Jonny Neale; actually thats not really the case now is it..
tony i knew the face seemed familiar hmmm</description>
		<content:encoded><![CDATA[<p>Jonny Neale; actually thats not really the case now is it..<br />
tony i knew the face seemed familiar hmmm</p>
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		<title>By: The Battered Bunnet</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4074</link>
		<dc:creator>The Battered Bunnet</dc:creator>
		<pubDate>Wed, 15 Jul 2009 13:57:25 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4074</guid>
		<description>Hey Tony,

Nice site. Thoughtful. Saw your post earlier on CQN and thought I&#039;d lob one back your way.

It is not at all surprising that the report commissioned by Usmanov supports his proposals, while the one commissioned by the board backs the club&#039;s current strategy. Both use largely the same set of data, and use them to create a different set of arguements. Nothing new or even mildly controversial there. Likelihood is that both reports are equally valid and equally weak.

What surpised me was the suggestion made that Arsenal, over an undefined period mind, operates a break even policy on player trading. Up here Celtic&#039;s historic (last 9 years) net spend is a touch under £5M per year, good enough to win most SPL titles and generate respectability on Europe, but unable to break through into the QFs and better in the Champions League, as Wenger does consistently.

While we must recognise that the Arsenal players are paid considerably better than those at Celtic, and are doubtless better on average, it is clear that Wenger is the European master of player management. I imagine this is little consolation for the fans as Arsenal creep ever further away from the top spot each year, but adopting a longer term view, as Arsenal have done very well, can only place you in a strong position when the madness of Manchester and Liverpool is finally exposed.

Question is, of course; Do the fans have the same patience as the board, as we await the (we trust) inevitable re-ordering of business models.

While Arsenal&#039;s debt is largely tied in to the capital project that is the Stadium development, the debts at Man U and Liverpool, and other clubs, are of an entirely different nature.

Arsenal&#039;s debt will be diminished as the project nears completion (fingers crossed). Debt at the other clubs is increasing as their operations fail to deliver the cash to service the interest charges.

Witness Ronaldo&#039;s transfer. The largest single piece of business in the history of the game results in the club&#039;s debt - also the largest in the history of the game - being serviced for all of 12 months.

Further, where in previous times such a fee would grease the football merry-go-round, the money from Real for Ronaldo goes straight OUT of the game. There is no net benefit to football in allowing Man Utd and others like them to trade so far beyond their means.

At least at Chelsea and Man City it&#039;s new money being brought into football, allbeit that these clubs will inevitably revert to their historic mediocrity once the sugar daddy sours.

What hope a commitment any time soon from the EPL to a sustainable business model? 

Ramble. Ramble. Sorry, bit longer than I expected, and no doubt old hat on this board, but there you have it.

Best,

TBB</description>
		<content:encoded><![CDATA[<p>Hey Tony,</p>
<p>Nice site. Thoughtful. Saw your post earlier on CQN and thought I&#8217;d lob one back your way.</p>
<p>It is not at all surprising that the report commissioned by Usmanov supports his proposals, while the one commissioned by the board backs the club&#8217;s current strategy. Both use largely the same set of data, and use them to create a different set of arguements. Nothing new or even mildly controversial there. Likelihood is that both reports are equally valid and equally weak.</p>
<p>What surpised me was the suggestion made that Arsenal, over an undefined period mind, operates a break even policy on player trading. Up here Celtic&#8217;s historic (last 9 years) net spend is a touch under £5M per year, good enough to win most SPL titles and generate respectability on Europe, but unable to break through into the QFs and better in the Champions League, as Wenger does consistently.</p>
<p>While we must recognise that the Arsenal players are paid considerably better than those at Celtic, and are doubtless better on average, it is clear that Wenger is the European master of player management. I imagine this is little consolation for the fans as Arsenal creep ever further away from the top spot each year, but adopting a longer term view, as Arsenal have done very well, can only place you in a strong position when the madness of Manchester and Liverpool is finally exposed.</p>
<p>Question is, of course; Do the fans have the same patience as the board, as we await the (we trust) inevitable re-ordering of business models.</p>
<p>While Arsenal&#8217;s debt is largely tied in to the capital project that is the Stadium development, the debts at Man U and Liverpool, and other clubs, are of an entirely different nature.</p>
<p>Arsenal&#8217;s debt will be diminished as the project nears completion (fingers crossed). Debt at the other clubs is increasing as their operations fail to deliver the cash to service the interest charges.</p>
<p>Witness Ronaldo&#8217;s transfer. The largest single piece of business in the history of the game results in the club&#8217;s debt &#8211; also the largest in the history of the game &#8211; being serviced for all of 12 months.</p>
<p>Further, where in previous times such a fee would grease the football merry-go-round, the money from Real for Ronaldo goes straight OUT of the game. There is no net benefit to football in allowing Man Utd and others like them to trade so far beyond their means.</p>
<p>At least at Chelsea and Man City it&#8217;s new money being brought into football, allbeit that these clubs will inevitably revert to their historic mediocrity once the sugar daddy sours.</p>
<p>What hope a commitment any time soon from the EPL to a sustainable business model? </p>
<p>Ramble. Ramble. Sorry, bit longer than I expected, and no doubt old hat on this board, but there you have it.</p>
<p>Best,</p>
<p>TBB</p>
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		<title>By: Jonny Neale</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4073</link>
		<dc:creator>Jonny Neale</dc:creator>
		<pubDate>Wed, 15 Jul 2009 13:56:51 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4073</guid>
		<description>Mason, you have more aliases than Klaus Barbie.

Your Grace, I suggest we allow Mason to carry on with his stream of lunacy - it amuses me greatly watching him trying to talk through his arse and fit both feet into his mouth simultaneously.</description>
		<content:encoded><![CDATA[<p>Mason, you have more aliases than Klaus Barbie.</p>
<p>Your Grace, I suggest we allow Mason to carry on with his stream of lunacy &#8211; it amuses me greatly watching him trying to talk through his arse and fit both feet into his mouth simultaneously.</p>
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		<title>By: steww</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4072</link>
		<dc:creator>steww</dc:creator>
		<pubDate>Wed, 15 Jul 2009 13:53:43 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4072</guid>
		<description>Sorry Tony you can&#039;t play with them you can&#039;t insult them - it&#039;s like putting out fire with petrol. You can only ignore them. They are the scourge of the net.</description>
		<content:encoded><![CDATA[<p>Sorry Tony you can&#8217;t play with them you can&#8217;t insult them &#8211; it&#8217;s like putting out fire with petrol. You can only ignore them. They are the scourge of the net.</p>
]]></content:encoded>
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	<item>
		<title>By: Tony Attwood</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4071</link>
		<dc:creator>Tony Attwood</dc:creator>
		<pubDate>Wed, 15 Jul 2009 12:45:30 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4071</guid>
		<description>And I am the Duchess of York</description>
		<content:encoded><![CDATA[<p>And I am the Duchess of York</p>
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		<title>By: pig</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4070</link>
		<dc:creator>pig</dc:creator>
		<pubDate>Wed, 15 Jul 2009 12:33:45 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4070</guid>
		<description>in insurance or banking, the average person on the street would expect the employees to have a certain grasp of business and common sense. 

it appears that mason grasps neither.

unfortunately with dark matter, in order to measure it, you have to destroy it, so harnessing it could make us all go bust.</description>
		<content:encoded><![CDATA[<p>in insurance or banking, the average person on the street would expect the employees to have a certain grasp of business and common sense. </p>
<p>it appears that mason grasps neither.</p>
<p>unfortunately with dark matter, in order to measure it, you have to destroy it, so harnessing it could make us all go bust.</p>
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		<title>By: mason</title>
		<link>http://blog.emiratesstadium.info/archives/1026/comment-page-1#comment-4069</link>
		<dc:creator>mason</dc:creator>
		<pubDate>Wed, 15 Jul 2009 12:32:25 +0000</pubDate>
		<guid isPermaLink="false">http://blog.emiratesstadium.info/?p=1026#comment-4069</guid>
		<description>i am Alexandr_Orlov</description>
		<content:encoded><![CDATA[<p>i am Alexandr_Orlov</p>
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