Arsenal FC reveals shock reports thumping bitter rivals Chelsea with healthy post financial result.
Arsenal Holdings PLC, on Friday, released the financial report for the year ending May 31, 2014, with some revelations which have raised a few eyebrows.
The report showed that, after all the additions and subtractions of wage bills, transfers, income from the FA Cup triumph and the money for the cooks, as much as £173million was still available to Arsene Wenger for business this summer.
Chief Executive, Ivan Gadzidis, had many times spoken about the club’s ability to do things that will excite the fans, as we are now in a stable financial position following periods in which we had to make do with a frugal budget. The Emirates Stadium loans have been serviced, with the club not bound to any short-term debts. It was now time to “spend spend spend!”
By our recent standards, the past couple of summers have been a great improvement, having gone from pinching players after drawn out haggles, to splashing nearly £50million to sign one player. It paid instant dividend with our first trophy in 9 years. This summer in particular has seen over £70million spent on 5 players. Not many fans had expected us to make the number of signings we have, never mind their impressive quality. However, with the amount now discovered to have been at our disposal, it is not out of place to wonder why there was an apparent reluctance to really strengthen the aspects of the squad where it was really needed.
Of the 5 signings made, only Alexis could be said to be an addition. Calum Chambers replaces ex-cap Thomas Vermaelen; Mathiue Debuchy comes in for Bacary Sagna who joined City; Ospina for Fabianski and deadline day recruit, Danny Welbeck, was a 911 reply for the injured Olivier Giroud. They have all been good additions and are sure to bring the cover for which they have been brought in. however, the issue of the need for defensive cover was always ever glaring.
By Wenger’s own admission, we are now in a position where we would be in a difficult situation if another player lay clutching to his Achilles or ankle. Debuchy’s injury has already raised the need for the manager to go into the market for a free agent to hold the fort while January comes. With Chambers now filling in for the Frenchman at rightback, the sight of any of Koscielny or Mertesacker picking up a knock will really lead to desperate times. There was talk about signing Greek defender, Kostas Manolas, before the window shut, but like with most of Arsenal’s targets, he ended up signing for another club. We did not sign William Carvalho – the strong young bulldozer we really needed, not because he wants to stay and win the Champions League with Sporting, but because we were reluctant to spend that much on just a 22 year old.
We will still wait till January and hope the manager does what he needs to do to ensure we are fit in numbers and quality to mount a sustained assault on all cylinders.
Shame if we don’t, despite having so much.
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