glasgowspur
Luka Modric
I would add that arsenal gave wenger too much power, at some point they should have reigned him.
It probably suited them at first but it got out of hand.
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Daniel Levy - Chairman
- Thread starter Howard Webb
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I would add that arsenal gave wenger too much power, at some point they should have reigned him.
It probably suited them at first but it got out of hand.
Bedfordspurs
Mark Falco
They had too
It was part of their loan agreement that Wenger had to remain and he then took on more and more control
Finney Is Back
Luka Modric
While we had budgeted against non CL revenue, I don't actually think we could've achieved the project without the CL revenues.... Consider the fact that in the four years prior to the stadium opening we spent a grand total of £20 million net.... An average of only £5 million per year. If we consider our wage to income ratio that would probably indicate that we were putting somewhere close to £100 million a year from club finances into the stadium project. We still entered the stadium with a whopping £637 million of debt. Take those CL runs away and we're probably talking about a total of £300+ million of revenue that we would've lost in that period (prize money, TV money, gate receipts, sponsorship money).
Had we not had those CL qualifications then we either would've been having to enter that stadium close to £1 billion in debt (could we really have taken on £1 billion of debt?... I'm not sure we could've, especially if we were not considered a CL level club). Alternatively we would've had to have instead operated at a significant negative net spend to make up that difference.
The stadium may well have been budgeted without CL revenues. If it was - and I suspect it must've been as to do anything other than that would've been very poor financial planning - then I think it adds even more weight to the argument that we went massively over budget with our stadium build.
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Finney Is Back
Luka Modric
Sorry. I don't see how any of that explains this in relation to my point?
We entered the new stadium £638 million in debt, having pumped in about £100 million a year of club funds for the 4 years prior to the stadium opening (and pumped in various lesser amounts in the years up to then). Had we not overspent on the stadium then we either could've/would've entered the stadium with less debt (giving us more wriggle room to take on more debt if we need to (e.g for a squad overhaul) or we could've entered the stadium with the same debt but having instead spent the difference on buying new players (so that we didn't need a squad overhaul when entering that stadium).
Over spends on building projects of that size are common place and highly unlikely to be the fault of the client, which you keep implying is the case.
It's why private/club funded stadium builds of this size are so rare and that negotiating those years surround the build reasonably unscathed is of great credit to everyone involved in the project/running of the club during this period.
It's why private/club funded stadium builds of this size are so rare and that negotiating those years surround the build reasonably unscathed is of great credit to everyone involved in the project/running of the club during this period.
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StephenH
David Ginola
MKSpur
Christian Ziege
I also think they had a really flat wage structure, which meant a lot of bang average players on big money but not quite offering enough to entice the best players available.
Finney Is Back
Luka Modric
I think that Arsenal came in pretty much on budget.
Anyway, thank GHod for Pochettino as just imagine if we hadn't lucked out on him and built this stadium without having those 4 years in the Champions League?
And Wembley? Our build is more of a landmark build than the relatively generic off the shelf design of the arsenal stadium.
I don't think appointing a good manager is luck any more than it is just being a well thought out appointment, Pochettino ticked a lot of boxes for the circumstances we would be facing and ultimately a manager is only as good as the support and tools he is provided with.
braineclipse
Steve Sedgley
Spot on. Long term focus over time with player recruitment, training ground, academy. Then getting the head coach decision right, I'll agree that there's an element of luck involved in that one, they are difficult decisions.
Pochettino was just as lucky with us as we were with him. He was highly rated, but his stock has skyrocketed and he can now seemingly get just about any available job he wants.
ricky2tricky4city
Steffen Freund
But some managers will be better than others when provided with the same support and tools.
He looked like he'd done good things at Southampton but most of us and Levy surely surprised at the level he reached with us?
glasgowspur
Luka Modric
Must admit I was luke warm with poch when we appointed him. Really only saw him as treading water at best.
I wanted lvg or de boer
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Bedfordspurs
Mark Falco
You we’re not aloneMust admit I was luke warm with poch when we appointed him. Really only saw him as treading water at best.
I wanted lvg or de boer
Finney Is Back
Luka Modric
He outperformed the market massively, got 4 straight CL finishes with 6th biggest wage bill and not even top 10 for transfer spend, as nobody before him has been able to do.
Without those unexpected top 4 finishes I think the stadium would've needed to be paid for by the sale of a marquee player each year.
Bedfordspurs
Mark Falco
How has the CL had an impact on stadium build?
ricky2tricky4city
Steffen Freund
I think that's a pretty patronising take on Poch.
He was a worthy applicant for the job. His stock has skyrocketed because of himself. His backroom team, his methods, his philosophy, the culture he creates, and his tactics and training. Many hours of study, research, dedication and plain hard work got him (and us) to the heights we did. I fail to see any 'luck' in that.
And I'd hazard a guess that if you said it to the man's face, he'd give you a slap
Bedfordspurs
Mark Falco
Luckiest thing was having the players here for him to work withI think that's a pretty patronising take on Poch.
He was a worthy applicant for the job. His stock has skyrocketed because of himself. His backroom team, his methods, his philosophy, the culture he creates, and his tactics and training. Many hours of study, research, dedication and plain hard work got him (and us) to the heights we did. I fail to see any 'luck' in that.
And I'd hazard a guess that if you said it to the man's face, he'd give you a slap
imagine if we had to buy a quality first choice striker under ANY manager right now
ricky2tricky4city
Steffen Freund
I don't think we were pumping £100m into the stadium in 15/16/17/18 ....looking at our turnover for those years...pretty impossible.
ricky2tricky4city
Steffen Freund
The Kane thing is lucky without doubt. Especially as even we didn't think he'd become what he did.
Just Parrot to become similar to double luck out
ricky2tricky4city
Steffen Freund
I think I probably was as well......but I can't recollect who I fancied.Must admit I was luke warm with poch when we appointed him. Really only saw him as treading water at best.
I wanted lvg or de boer