ENIC

[Bedfordspurs]

Yes revenues reasonably similar (our revenue is higher if we're in a better European competition than them and vice versa). They typically operate a higher wage bill than us. Assuming things stay the same (i.e. neither of us gets sugar daddy type investment) then ourselves and Arsenal are likely to be close to each other for the foreseeable future. We should have the edge on stadium income but Arsenal should have the edge on commercial income as they have considerably more supporters around the World than we do on account of the paucity of our trophy success compared to theirs.

Apparently arses commercials revenue is below ours. Not sure if that’s an effect for sponsorships not having to pay as much due to lack of top level competitions…
And this is Swiss Ramble who is a an arsenal fan

 

[Bullet]

Yesterday SwissRamble posted a very long but very interesting blog on the Deloitte Top20
https://swissramble.substack.com/p/money-league-202122

"Just for fun, let’s also take a look at North London. Tottenham ... earned £75m more than Arse.anal last season (£442m vs. £367m). This is largely due to their new stadium, which has led to £26m more in match day and £41m more in commercial"

 

[Bedfordspurs]

Yesterday SwissRamble posted a very long but very interesting blog on the Deloitte Top20
https://swissramble.substack.com/p/money-league-202122

"Just for fun, let’s also take a look at North London. Tottenham ... earned £75m more than Arse.anal last season (£442m vs. £367m). This is largely due to their new stadium, which has led to £26m more in match day and £41m more in commercial"

And he doesn’t have current numbers

 

[metalgear]

we have +25% more revenue then Arsenal
it sure doesn't feel like we have spent +25% more than them in wages and transfers.

View attachment 14999

Apparently arses commercials revenue is below ours. Not sure if that’s an effect for sponsorships not having to pay as much due to lack of top level competitions…
And this is Swiss Ramble who is a an arsenal fan

 

[Bedfordspurs]

we have +25% more revenue then Arsenal
it sure doesn't feel like we have spent +25% more than them in wages and transfers.

We haven’t
Their owner has put money in a few times now to keep them positive

 

[Gazza]

We haven’t
Their owner has put money in a few times now to keep them positive

Sounds like he is ambitious about his club

 

[Lilbaz]

Sounds like he is ambitious about his club

After a decade of not spending and using the club as a mortgage to build the la rams stadium. It was only this summer arsenal fans were calling for the owners out.

Winning solves everything.

 

[Bedfordspurs]

Sounds like he is ambitious about his club

Hard to measure
But he had a club that was in effect loss making at that point due to the reduced income, big wages and debt due
He had to do something to protect his asset

 

[ricky2tricky4city]

Hard to measure
But he had a club that was in effect loss making at that point due to the reduced income, big wages and debt due
He had to do something to protect his asset

Buying out Usmanov was an important moment for Kroenke...it gave him 90% and snubbed out any division/disruption.

 

[ricky2tricky4city]

we have +25% more revenue then Arsenal
it sure doesn't feel like we have spent +25% more than them in wages and transfers.

Turnover doesn't dictate what a company can spend. There are many other figures to consider.

 

[Bedfordspurs]

Turnover doesn't dictate what a company can spend. There are many other figures to consider.

Tell that to Deloitte

 

[billyiddo]

are Arsenal spending through owner investment or are they drawing on the cash reserves they built up over the post stadium move years?

 

[Bedfordspurs]

are Arsenal spending through owner investment or are they drawing on the cash reserves they built up over the post stadium move years?

I’d say both from what little I’ve read
The reserves were security on the loans which have now matured (I think)

here is one view https://angryofislington.com/2022/03/28/stan-kroenke/

 

[ricky2tricky4city]

are Arsenal spending through owner investment or are they drawing on the cash reserves they built up over the post stadium move years?

The Swiss Ramble probably has a deep dive on the Goon finances somewhere?

 

[Bedfordspurs]

The Swiss Ramble probably has a deep dive on the Goon finances somewhere?

What’s clear is their turnover will have increased on that season so the 434 he has above. That figure does include a season in Europe which they didn’t have last season (so those figures will be lower). They don’t much gate receipts for Europe as that’s included in the season tickets
They also had a relatively similar debt position to us for player transfers at £140m
Their wages have traditionally been higher than ours too
Despite what people think I can’t see that going down as they have acquired players from city and are paying them big wages. They also haven’t sold much player wise
They are running some risks financially and there are articles again they are just using club credit to fund it all

 

[Lilbaz]

What’s clear is their turnover will have increased on that season so the 434 he has above. That figure does include a season in Europe which they didn’t have last season (so those figures will be lower). They don’t much gate receipts for Europe as that’s included in the season tickets
They also had a relatively similar debt position to us for player transfers at £140m
Their wages have traditionally been higher than ours too at around £260m
Despite what people think I can’t see that going down as they have acquired players from city and are paying them big wages. They also haven’t sold much player wise
They are running some risks financially and there are articles again they are just using club credit to fund it all

The figures for clubs that haven't released their statements are guestimates. We only got £360m in our last financials. Deloitte's has us at £443m for 21/22.

 

[superspurs]

Sounds like he is ambitious about his club

KSE in general are fairly ambitious for all of their sports teams, they’ve gone big on the Rams in recent years, got a Super Bowl for their trouble (though they were brick this season) they’ve done some good deals with contracts to keep the Avalanche team strong, just got a Stanley Cup for their troubles…

 

[Bedfordspurs]

The figures for clubs that haven't released their statements are guestimates. We only got £360m in our last financials. Deloitte's has us at £443m for 21/22.

Deloitte’s table is perfection
Creates more problems than it’s worth as it’s doesn’t explain anything on face value

 

[Finney Is Back]

After a decade of not spending and using the club as a mortgage to build the la rams stadium. It was only this summer arsenal fans were calling for the owners out.

Winning solves everything.

How was Kroenke using Arsenal as a mortgage?

 

[Lilbaz]

KSE in general are fairly ambitious for all of their sports teams, they’ve gone big on the Rams in recent years, got a Super Bowl for their trouble (though they were brick this season) they’ve done some good deals with contracts to keep the Avalanche team strong, just got a Stanley Cup for their troubles…

They were limited in their spending by buildong both their stadium and the rams stadium. Now they are free to spend more. They also gave their manager time to build his squad. Maybe give enic the chance to show what they can do?