Our recent seasons have changed the way I view the way Arsenal spend money. Usually fans see their club with a certain amount to spend and they look at the players they are link to and make their own opinion what a player should be brought for. If they get a bargain they like it as the club would probably spend additional money somewhere else and if they over pay then there will be fewer transfers.
I used to be like this with Arsenal now I look at transfers without the value. We have over most recent seasons turned a profit on transfers instead of actually investing money. Now I look at transfers less about the money I just hope we sign certain players. I don't have so much a problem with us over spending on for example Suarez because if the money is not spent on him then it won't get spent at all.
Am I the only one who has begun not really caring if we get a good price and more concerned with actually improving the squad?
Fans Attitude to Money
posted on 13/8/13
Can you sum it up?
Don't have time to read it all
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We have more cash in the bank than all the other clubs in the PL put together, apparently.
posted on 13/8/13
Pearce, I agree.
Seemingly Wenger refuses to go above what he sees as his value for a player.
This simply isn't how the top end of the market operates.
If you really want the player and can stretch you have to bite the bullet and do it or in most cases you won't get that target.
posted on 13/8/13
The Swiss Ramble blog basically stated that we have had a lot of money for some time (which is evidenced by the club accounts).
One highlight was that AFC’s cash reserves are nearly as much as the rest of the PL combined and that we are (oily’s aside) the most cash rich club in Europe.
posted on 13/8/13
WWSPD,
Sorry you're correct, we have nearly as much as the rest of the PL combined.
posted on 13/8/13
Which of course is not to say we are richer, as City's owners invest their own personal money into signings.
posted on 13/8/13
I hear you loud and clear!
I'm against the idea of irresponsible spending. Obviouslly examples like Leeds and Portsmouth are extremes, with catastrophic consequences. Then there's the kind of spending that was in effect in the 2nd Dalglish era at Liverpool. Spending outrageous sums of money on players who simply don't come close to the fee warranted in terms of quality.
Hoever, the points you make (I think) are pretty valid. These days, at the top level, to sign 'top' players, you generally do pay over the odds. It's a buyers market and the financial landscape of the game has changed dramatically in the last decade. The money pumped into clubs by benefactors has turned the transfer market on its head. If that's a goor or a bad thing is irrelevant, it's the ay things are an it's not going to change any time soon (if at all).
There appears to be a juxtaposition from the reality of Arsenal's recent status, in terms of being a club/business that DOES turn over a decent profit and the behaviour that 'big clubs' make in terms of player aquisition and transfer policy.
You feel that the powers that be (at Arsenal) need to grasp the nettle, now more than ever!
posted on 13/8/13
"I'm against the idea of irresponsible spending. Obviouslly examples like Leeds and Portsmouth are extremes, with catastrophic consequences. Then there's the kind of spending that was in effect in the 2nd Dalglish era at Liverpool. Spending outrageous sums of money on players who simply don't come close to the fee warranted in terms of quality."
That I agree with.
I don't think anyone is advocating stretching to what we can't afford but I think with Higuain for example, if we actually wanted him you go that extra mile.
"Hoever, the points you make (I think) are pretty valid. These days, at the top level, to sign 'top' players, you generally do pay over the odds. It's a buyers market and the financial landscape of the game has changed dramatically in the last decade. The money pumped into clubs by benefactors has turned the transfer market on its head. If that's a goor or a bad thing is irrelevant, it's the ay things are an it's not going to change any time soon (if at all)."
There were some interesting points made by David Ornstein (i think) regarding Arsenal's business of lack of.
He suggests there was a plan to get in early and do deals, but the market being the way it is in terms of limited top level options, inflated prices accompanied by Wengers stubborness about not going above his valuation has led to where we are now.
I also found it odd that we were annoucing how much money we had before the window opened, great way to raise prices.
posted on 13/8/13
"AW’s (given his economic nous) methodology sees the club only spend what he feel the player is worth (irrespective of the benefits the player could bring to the club)."
I'm sorry, but having just completed my degree in Economics, I can pretty confidently say that a degree in the subject wouldn't influence one's valuations of footballers.
posted on 13/8/13
It's nice to have cash yes but its not the be all and end all
Other clubs will do the deals over a few years so don't necessarily need cash up front
Usually in a business that has cash reserves they either buy something (like players Arsenal or return it to shareholders <Stan >
Interesting to see what happens at the Emirates then as 4 days before another new season even less has happened than previous years despite the promises
posted on 13/8/13
"despite the promises"
What promises?