Contrary to the popular belief held by Arsenal fans and also believed by many others the club is still paying down loans and bonds held against their Emirates Stadium. It is a "manageable" debt of about £20 million per annum and due to be paid off in 2031 kind of like a mortgage. Very intricate stuff - I think that Arse have to retain cash reserves (their blessed treasure chest) to keep the money folk happy which is why they wanted Wenger to stay at the helm for so long.
Its a combo of things probably. Arsenal playing billy big boots paying top 4 wages when not in CL to attract players like boomerang. Kroenke wanting to run a profit on a year by year basis, so no deep dipping one year compared to another. Shrinkage of the arsenal fanbase as the plastic fans leave. Revenue dropping by 20%. Sponsorships arnt as big financially. Being a financially responsible club has chopped off their excesses at the knees. Did i mention no champions league?
Players like Carl Jenkinson are on £60k a week. Wenger's egalitarian wage structure has completely fucked them. Poor players on big wages who they can't shift and no CL to compensate is an awful combination.
Our stadium will bring in much more than theirs with NFL and 16 non football. Also our money from concessions and hospitality will be way more. And right now we don’t really need to spend much. They need a whole new defence just to start with.
Pep has stated at his press conference that the title race isn't restricted to just the top two or three.
"There are 39 points to play and it is not too much if you are nine or 10 behind," said Guardiola. "I never said Tottenham are not there. United making this run every single week and they will be there. Now we see the table and see the first two or three and we don't look further than that. Chelsea can win games in a row and be a contender."
Well, that was it, actually, the troll.
As Ronan Keating once sang 'You say it best, when you say nothing at all'.
400k a week? Jesus titty fucking christ what is wrong with football? This is not sustainable in anyway, the well is not bottomless. Is there some financial (alleged) funny business going on with Juventus (like Man city?).
That has to be one of the worst contracts I've ever seen in any sport. It's even worse than the 10 year $275M contract the Yankees handed a declining 33 year old Alex Rodriguez. At least he was an actual all time great at one point.