akhil
Well-Known Member
Blaming the stadium? We've been mismanaged commercially and in terms of personnel since the Özil deal. Stadium pain pretty much ended in 2014 after the new TV deals kicked in. The new deals affect us as well, we get the increased revenue same as everyone else. If you look at the financial statement we do less than 9 million pounds yearly on the fixed rate bonds. The variable rate bonds aren't being paid back right now from the looks of it and we need about 30 million in the bank for debt servicing guarantees. The stadium generates over 100 million a year, it comfortably pays for itself.
We have a EL squad on UCL wages and too many assets past their prime or just plain not good enough. We've invested what we had poorly and not recouped any money from sales, that's about it. The bulk of these problems are from the previous regime. The new guys maybe f***ed up on the Ramsey contract. Whether that decision bites us remains to be seen.
Now as a reaction, we're too cautious to spend any money in year 3 of EL football. It's probably going to be another year until we see this lot can function properly with Edu coming in, but Emery's future is going to be up in the air.
We have a EL squad on UCL wages and too many assets past their prime or just plain not good enough. We've invested what we had poorly and not recouped any money from sales, that's about it. The bulk of these problems are from the previous regime. The new guys maybe f***ed up on the Ramsey contract. Whether that decision bites us remains to be seen.
Now as a reaction, we're too cautious to spend any money in year 3 of EL football. It's probably going to be another year until we see this lot can function properly with Edu coming in, but Emery's future is going to be up in the air.