That’s probably the nicest thing anyone has ever said about him.
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[quote[post:384, topic:3181"]
-#AFC adamant they won’t breach FFP
[/quote]
I’m fairly sure we won’t.
Was the 200m war chest just a pack of lies, told by Wenger and Gazidis, or did they split it and take it with them when they left?
In theory it doesn’t matter b/c you aren’t allowed to spend more than you earn… in some recent years we weren’t that far from break-even IIRC from SwissRamble, although that doesn’t entirely square with having big reserves (could be b/c of amortization or some other financial machination I guess).
But yeah, seems like 200m as an idea of what we might spend in a summer is nonsense and I would guess that it would be in the top 10 ever spent (net) by any team ever.
Yeah assuming the line item on the Arsenal Holdings PLC for “profit” per FFP would be “Group profit before tax”:
2018: 70.2
2017: 44.6
2016: 2.9
2015: 18.2
2014: 4.7
2013: 6.7
2012: 36.6
2011: 14.8
2010: 56.0
I would point out that profit in the last couple of years is perhaps artificially low b/c the big transfers and contracts of Auba and Laca get amortized, so it will have effects through the life of contract… still, it does show we can spend more unless I am reading this wrong (from a FFP perspective). That is the good news… it is clear in most of those other years we really didn’t have much room to spend more (i.e., you buy it also comes with structural costs).
Also, don’t we have another sponsorship upgrade kicking in this summer?
One other thing I noticed… our “net interest costs” was 14.7 million in 2017 and 8.8 million in 2018… so hopefully we are getting to a place where the stadium debt is virtually irrelevant. There was also an “Exceptional Costs” line item for 2018 for 17.2 million… wonder wtf that was.
These are the last published accounts right? We won’t see these next year cos Kroenkes 100% ownership. 
40m is enough to get the few players that are most needed at a price we were expecting to pay, so I’m not too worried for now.
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Ugh. Three centre midfielders on the pitch again at the same time next season. Boring.
Ahh well - we have a pretty good indication of where we stand and trajectory…
Bin everybody… actually, bin everything, even the stadium and those damn statues as well.
Fuck sake.
How much money would we have to spend this summer if we stayed at Highbury ? Thank god we made that move to the Emirates 13 years ago 
.
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Don’t know, 40M plus anything we can get from sales doesn’t sound THAT bad
It sounds like Kroenke is using FFP as an excuse to take money out the club.
There’s no way we’ll be close to FFP limits when, sponsorship will be improved and Ramsey, Welbeck, Cech and Lichensteiner are all leaving and reducing the wage bill be near 20 million a season.
Champions League is worth 70m for us and income dropped by 36m after we went out.
So CL qualification MAY give us 70m net to spend. Chelsea spent 144 net last season. We spent 86 net in 16/17
This is tragic for AFC all in all. I don’t even think 40m net is enough to maintain our current level.
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I still don’t believe that figure, no matter what Orny has said. We’re getting £70M straight away from Adidas + whatever Europe competition we’re in next season too.
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Seen the full Ornestein transcript and it seems like we’re the only club that seems to think FFP is still a thing, give it a fucking rest.
The only reason this is a thing is so the club don’t bow to the pressure from fans of spending.
I’m not Emerys biggest fan, but give him a fair fucking chance at levelling the playing field, people can blame AW as much as they want for what’s going on now but it always has and always will be the higher ups that keep holding us back.
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Exactly.
The fact that Ramsey is going for nothing, and having to be replaced by an equivalent player, almost wipes out that transfer budget
So all that will do is keep us at the same level we’re already at, which isn’t good enough, especially with the clubs behind us looking to invest properly.
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The Adidas deal is worth £60m a year alone. So I don’t buy that £40m figure at all.
We know Arsenal have made a profit in many years. It could be the new strategy is ‘making a profit without CL football’
Also in business there is no point in making a profit unless you’re planning to take the funds out, because you’re paying tax on any profit you make.
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I would be impressed if we actually had any strategy at all, other than to make money with the minimum amount of investment.
The debt became irrelevant in 2016.
According to this graph, then we still had a little more than $300m debt to pay, but we also almost had as much money in cash reserves and had only $9m in net debt left to cover. I would imagine by now our cash reserves exceed our gross debt so any profit the club makes doesn’t need to enter the cash reserves anymore.
Why do we keep discussing this? Thought we all were on same page last window.
40m is basically cumulative total of first installment of transfer fee.
so if we buy a player for 40m, but installment for this season is 10m; we only consumed 10m for the so called budget.
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