By Tony Attwood
Since moving to the Emirates, Arsenal have made something in the order of £5.5m per season profit on player transfers.
Chelsea on the other hand have spent around £50m per season on transfers under this regime. Liverpool have spent around £31m a season under the current ownership. Clearly the amount spent doesn’t have much to do with when you end up in the league
The total spend figures look like this for the past nine years.
|#||Nett Spend 03/04 – 12/13||Purchased Gross||Sold||Nett||Per Season|
|11||West Bromwich Albion||£80,485,000||£50,990,000||£29,495,000||£2,949,500|
Figures from Transfer League
Arsenal, having won four and drawn one of their past five Premier League matches are not slowly clawing their way up the league. And although everything can change in a blink of an eye, Chelsea are just two points away.
To take these things a little further here’s some more comparison. As we all suspected we are spending less, and generating more since being at the Ems than we did before that move – undoubtedly in part because of the cost of the move. Looking at figures like these it has difficult to see why Mr Wenger is blamed for anything – in fact quite the reverse. Despite the downturn in money spent (and that has to be a board decision), he has kept us near the top.
But before we move on compare this with what happened at Aston Villa, who we played last weekend. Their spending has shot up since the new owner arrived, and yet we are fifth and they are in the bottom three.
|Arsenal Comparisons||Players In||Players Out||Nett Spend||Per Season|
|Before Move to the Emirates||£202,790,000||£132,274,000||£70,516,000||£5,036,857|
|After Move to the Emirates(06)||£190,600,000||£230,900,000||-£40,300,000||-£5,757,143|
|Aston Villa||Players In||Players Out||Nett Spend||Per Season|
|Before Lerner Buyout||£136,390,000||£76,675,000||£59,715,000||£4,265,357|
|After Lerner Buyout(05)||£194,500,000||£102,400,000||£92,100,000||£13,157,143|
|Chelsea||Players In||Players Out||Nett Spend||Per Season|
|After Abramovich (03-04)||£612,500,000||£160,000,000||£452,500,000||£50,277,778|
The third comparison there is with Chelsea, who of course have outspent Arsenal considerbly. The pre-Abramovich spend per season is quite similar to our spent per season before the Emirates. Since then our spending has gone down per season while their’s has gone through the roof.
Although the number of years is different, if we take the per season spend of Arsenal, Villa and Chelsea we have Arsenal making a profit of nearly £6m, Villa a loss of £13m and Chelsea a loss of £50m.
And yet at this moment Arsenal are two points behind Chelsea and Villa are looking possibles for relegation.
As for the amount of money in the bank, Chelsea’s funding is seemingly infinite, although clearly not literally so. Villa’s owner must be wondering what on earth he has let himself in for, while Arsenal have just made a half-year profit of £17.8m and are apparently sitting on cash reserves of £123.3m. And it can only get better. We have just done a new stadium naming deal which is about to bring in £150m, and there is also a new kit deal on the horizon.
Arsenal’s figures for the six months to last November show profits of £42.5m from selling Robin van Persie and Alex Song. Most of that was spent on Santi Cazorla, Lukas Podolski and Olivier Giroud. If Nacho Monreal is included then we spent more than the income of the summer in players this year.
There are however two oddities in the figures. Transfer fees don’t include, obviously, salaries, and are accounted for over the length of the contract, so in terms of the club’s accounts, a different picture is to be seen.
Arsenal’s wage bill was last reported at £143m, which is £53m more than Tottenham’s who are four points above us, which is not such charming news.
I am not writing this in any way to say that everything is fine and wonderful – that would only be so if we were top of the league, obviously. But I am suggesting that buying and selling players and the money spent on salaries don’t have too much to do with league position.
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