Mudi
Well-Known Member
Glovegun said:The aim of a business is to make money. The aim of a football club should be to win trophies. If the club also happens to be a profitable enterprise, fine, but that money should be going back into the club (within reason) to generate success on the pitch. I watch Arsenal to see us in cup finals, not marvel at the new Carlsberg lounge.
We have the most expensive ticket prices in world football and make tens of millions of pounds in profit from player sales each year, and have been doing so for the last decade. So where is it all going? Doesn't add up.
But how can you win prices if your business is sh*t? Look at Liverpool or Tottenham. They spend more than us in the last 5 years, but now they are complaining that they don't generate enough money to compete with Utd, Chelsea and City. There only hope is to get top 4 and win a domestic cup.
Our policy isn't optimal and for short term, we are far from winning the title. But look at our current situation. We have a stadion that generates almost €100m a year (50m more than Liverpool and Tottenham), we are a top 10 team in Europe and we enhanced our commercial situation a lot since 2009
Arsenal have restructured their executive team at great expense, recruiting Tom Fox from the NBA in August 2009 as Commercial Director to “drive long-term commercial success”, though there has been little tangible revenue growth to date. In fairness, it is probably difficult to re-negotiate the principal agreements (though Chelsea did just that with their kit supplier in 2005), but we might have hoped for more secondary sponsors, which has been the main engine behind Manchester United’s commercial growth.
As we have seen, there were some encouraging signs in the interims, but there is still a long way to go, as annualised revenue is still only £53 million. Some new sponsors have been signed up recently, including Carlsberg at around £3 million a year and Indesit in a “multi-million” deal. In addition, Citroen extended their deal for a higher sum, while there were new agreements with Thomas Cook, replacing Thompson Sport, and on-line gambling firm Betsson. However, Arsenal still have less than half the number of sponsors that partner with Manchester United.
Our Achilles' tendon is our current deals with Nike and Emirates which ends in 2014. But they are working on it:
<a class="postlink" href="http://news.arseblog.com/2012/08/arsenal-cco-were-confident-on-new-sponsorship-deals/" onclick="window.open(this.href);return false;">http://news.arseblog.com/2012/08/arsena ... hip-deals/</a>
And it's not like the profit we made/make is going into the pocket of the owner. We use the profit to reduce our debt, to improve our facilities, to buy players, ... We are not the same as City or Chelsea, but some people except us to be.
I also like us to win prices and I also want us to buy quality players but I'm a realist and I know it's not easy like people are suggesting.