In case you missed it on Monday, Arsenal have announced half-yearly profits of £17.8m. That by itself doesn’t sound all that spectacular, but the real figure that’s caught everyone’s eye is the £123.3m we have in reserve. That’s an astounding figure, especially if you consider it’s just sat there, waiting to be used, like a triple-cheeseburger on Frank Lampard’s bedside table (although, that would hardly still be there).
With the financial announcements, came one of our ability and intent to compete. Ordinarily, such remarks come close to season ticket renewal time. This time, Peter Hill-Wood has chosen a seemingly strange time to let us know what’s happening. He said, talking to the Daily Star – of all the rags he could take to:
“We are in a position where we can compete with most people.
“If there is someone we really want, then the price guide is secondary.”
Arsene Wenger has even stated his intent to join in the race for Colombian wizard, Radamel Falcao, with his newly acquired wealth. Sounds that little bit too good to be true, doesn’t it?
Well, to be perfectly honest with you, it probably is. If you go back through the years, I’m sure you’ll come across plenty of stories and reports eerily similar to Monday’s. It’s been a bone of contention amongst supporters for some time that Arsenal’s board regularly appear to make funds available, only for the money to not be used towards improving the team.
Could this be the exception to the rule, our board finally recognising that financial prudence off the field doesn’t necessarily aid matters on it? Perhaps, and I’d like to think there’s a happy medium to be made between securing the club’s finances and being competitive in the transfer market.
The real trouble I have is I simply don’t see anyone as parsimonious and intent on implementing his philosophies as Arsene Wenger being open to dropping £40m+ on any one single player. Our manager seems to glean far greater satisfaction from unearthing treasures and polishing them up than he does outright buying the finished article. As he likes to say, “We don’t buy superstars, we make them” – a noble concept, but I’ve never understood why we can’t buy superstars AND make them.
That said, in recent years his transfer policies appeared to have changed. Where once we sought out the best young talent around (errr… Bendtner and Denilson…), the players we’ve signed most recently have been of a higher age bracket, and with plenty of experience.
I guess we’ll all just have to wait until the summer to see what fortunes arise and what wondrous acts are conducted by Dick Law and his renowned powers of negotiation. It could well be that the current plight of our beloved team has finally called for a shake up of how we conduct business. That all said, I shan’t be getting my hopes too high. All this has been discussed and mentioned many, many times before.
That’s all for today folks. For the sake of a talking point, now that it is alleged we have bundles of cash, who would you realistically aim at buying? Is Falcao now a possibility? Should we really lay down a marker of intent in the summer? Does a lot depend on our final league position? Let me know your thoughts.
Thanks for reading today, you beautiful bastards. I shall return tomorrow with more.