http://www.arsenal.com/the-club/corpora ... al-results
in questo link trovate i risultati finanziari dell'Arsenal, mi piacerebbe avere un commento da chi ci capisce più di me , grazie in anticipo

Fino a quando l'Arsenal riuscirà a fare profitti vendendo giocatori insieme alle varie proprietà immobiliari la situazione è ampiamente sostenibile sotto il profilo economico e finanziario, ovviamente mantenendo dei risultati sportivi in linea con quelli attuali (leggasi partecipazione alla Champions League).

Diversamente potrebbe diventare problematico rimborsare i quasi 300 milioni di sterline di debiti più i relativi interessi.

Quello dei Gunners è un progetto a lungo termine, e diversamente dal Manchester United, i soldi ricevuti dalle banche sono stati utilizzati per costruire un nuovo stadio e degli appartamenti da vendere.

Sottolineo questo perchè quando si parla di calcio inglese indebitato sarebbe opportuno fare le dovute distinzioni.

Significant reduction in group's debt following progress at Highbury Square

* Profit before tax of £35.2m (2008 - £24.5m) with increased contributions from both the Group’s football and property businesses.
* Sale of 261 apartments at Highbury Square generated revenue of £96.6m (2008 - £58.4m) with all proceeds used in repayment of the project’s bank debt. The Group’s property business recorded a pre-tax profit of £9.3m (2008 - £4.9m).
* Pre-tax profit from the Group’s core business of football increased to £25.8m (2008 - £19.7m).
* Completed first stages of a programme of capital investment in the appearance and “Arsenalisation” of Emirates Stadium.
* Further significant investment in determined policy of re-signing first team players to new long-term contracts.
* By 30 November 2009, the Group’s total net debt had been reduced to £203.6m (31 May 2009 - £332.8m).
* Since 30 November, there have been a number of further positive developments in relation to the Group’s property projects:
* Of the 655 private apartments in the Highbury Square development, sales have now completed on 524 units with a cumulative sales revenue value of £217.0m.
* The balance on the Highbury Square bank loan has been further reduced, from £35.7m at 30 November, to £12.9m (31 May 2009 – £123.6m).
* Sale of part of the Queensland Road development site means that the Group’s other property activities are now debt free.

arsenal.com

questi i risultati finanziari pubblicati oggi sul sito ufficiale dei gunners

Arsenal have announced record pre-tax profits of £56million and that they have paid off all the debt on their Highbury Square development.

The figures for the year ending May 31, 2010 show pre-tax group profits rose by £10.5million compared to the previous year.

Arsenal chief executive Ivan Gazidis said: "The group has made good progress in the last year and I am excited by the opportunities we have in front of us."


The results also showed Arsenal's group turnover increased to £379.9million, from £313.3million in 2009, boosted by the income generated from property sales.

The debt related to the Highbury Square development - which once totalled £130million - has now been repaid in full with Arsenal now enjoying the benefits of income from apartment sales.

Profits are slightly down on the football side of the business due to Arsenal having five fewer home games last season and increased wage costs.

Gazidis said the wage increases had allowed Arsenal to remain competitive on the field.

He said: "We continue to see upward pressure on player wages. A part of that is because we've invested fairly aggressively in our young player pool, and we have secured their long-term future with the club.

"This has been a very successful period of investment but it costs money. A part of it is also driven by the external environment in which we operate where player costs continue to go up."

Arsenal will continue to pursue their policy of developing players rather than buying big stars, Gazidis said.

He added: "Most of [the profit] goes back into the playing side, whether into player contracts or transfer fees. Now that doesn't mean we can compete at the level of the Manchester Citys of this world in the transfer market, because those types of fees and those types of salaries are not sustainable for any football business.

"But it still means, I believe, that we can compete with them on the pitch.

"We do have a policy of building and not buying, and that's a difficult path to tread sometimes, but as a result of that policy we're seeing a tremendous number of good young players progressing and developing into the finished article and I think our performance against Spurs on Tuesday night illustrated this."

A year ago, Arsenal announced pre-tax profits had risen 24% to £45.5million and this year's revenue increase has been helped by a £4million rise in Premier League television income to £51.7million and a similar increase in Champions League income to £27.3million.

It is the paying off of the Highbury Square loans that has delighted the Arsenal hierarchy most however. They were initially forced to extend the bank repayment deadline of April this year to December after the property slump first hit.

Since then the development has prospered and the debt has now been repaid in full.

Manchester United reported pre-tax profits of £48.2million in January while league champions Chelsea announced a £44.4million loss in December.

sportinglife.com

Se questa fosse stata una notizia tipo "Wenger si fa prestare 1 sterlina per comprare un pacchetto di caramelle" su goal.com avrebbero fatto i titoloni sui debbbiti dell'Arsenal.. gli incassi record non fanno notizia.

Ma lol

Come avevo ipotizzato 9 mesi fa la situazione è ampiamente sostenibile, anche perchè con la vendita degli appartamenti sono riusciti a rimborsare 130 milioni di sterline di debiti, insomma sta andando tutto come previsto nel business plan.

Pero' l'Arsenal è poco competitivo.

Non è vincente,ma competitivo mi sembra lo sia.

Senza il nuovo stadio l'Arsenal sarebbe oggi e soprattutto in futuro ancor meno competitiva come squadra.

E' così che si gestisce un club, non guardando solo ai risultati presenti, che comunque non sono poi così negativi anche se non si alzano dei trofei.