by David on February 22, 2012
Reading all these stories coming out the Arsenal Supporters’ Trust meeting last night that Arsene Wenger has a £50millon transfer kitty. That is not really true. Yes Arsenal made around £50millon profit, but not qualifying for the Champions League will cost the club £45millon, wiping out the cash balance.
So how did Arsenal make such a large profit? By selling players. Player sales during the summer of 2011 (with estimated fees) were: Fabregas (£29m – initial payment), Nasri (£25m), Clichy (£7m), Eboue (£4m) and Traore (£1m). These transactions will generate substantial profits as the book value of these players would have been limited due to their contract status, and therefore the profit on player trading is likely to be over £55m (£66m gross receipts less £10m book value). In all, Arsenal generated a transfer profit of around £55m.
by David on February 22, 2012
United’s six month financial results were released on Tuesday and one of the things that jumped out at me was the huge rise in wages paid to players.
With the retirement and sale of older players like Garry Neville, VDS, O’Shea, Brown, Obertan and Scholes (his return is not included in these figures) and younger (and you would imagine cheaper) players coming in, I expected United’s wage bill to stay even if not drop. But the opposite happened.
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Manchester United revenue rises to £175m as debt falls
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by David on February 21, 2012
Have to say that I am really surprised to hear that Carlos Tevez has issued a full apology to Roberto Mancini and the City players, clearing the way for him to re-join the first team squad as soon as he is fit.
A Manchester City statement said:
“Carlos Tevez has today apologised to all concerned for his recent conduct. Carlos returned to the football club last Tuesday, following a three month absence from duties, without permission. “Carlos said, ‘I wish to apologise sincerely and unreservedly to everybody I have let down and to whom my actions over the last few months have caused offence. My wish is to concentrate on playing football for Manchester City Football Club.’
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Carlos Tevez Apologises “Sincerely & Unreservedly” For His Actions
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by David on February 21, 2012
John Terry is set to undergo knee surgery tomorrow on his troublesome right knee, a decision that will make England caretaker manager Stuart Pearce of a potentially difficult selection choice.
Terry has not played for more than three weeks and Chelsea’s medical team decided on Tuesday that the defender must have an operation on his right knee.
The center back trained Monday in Italy on the eve of Chelsea’s Champions League match against Napoli but woke up in discomfort a day later.
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John Terry To Miss Next Six Weeks After Knee Surgery
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by David on February 19, 2012
Liverpool are on track for three trips to Wembley this season as they beat championship side Brighton 6-1 at home to set up an all Premier meeting with Stoke City in the quarter-finals. Stoke, last season’s beaten finalists, beat Millwall 2-0 in their fifth round tie. Stoke will be looking for cup revenge after losing to Liverpool in the Carling Cup earlier this season.
In another all Premier League tie, Everton will meet Sunderland at Goodison Park on the weekend of March 17-18, after wins over Blackpool and Arsenal respectively. Everton last won the competition in 1995, while Sunderland’s best season since reaching the final 20 years ago came in 2004 when they were beaten semi-finalists.
by David on February 18, 2012
It was a disappointing day for Chelsea and Arsenal fans in the FA Cup fifth round. Chelsea were held at home by championship side Birmingham City while Arsenal’s miserable week continued as they lost 2-0 at Sunderland.
A week after an added time Thierry Henry goal have Arsenal a 2-1 win over Sunderland at the Stadium of Light, Martin O’Neil’s team gained their revenge to cap off a horrible four days for Arsenal who were ripped apart at the San Siro in midweek.
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Arsenal Out Of FA Cup As Chelsea Draw With Birmingham
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by David on February 13, 2012
Carlos Tevez is on his way back to Manchester where he is expected to make up with Roberto Mancini and be included back in the City squad. I think it is a sign of how worried that City are that they will not win the league that they are willing to forgive and forget Tevez’s actions.
And as a reminder of the kind of person he is, Tevez gave a farewell interview in Argentina with Fox Sports in which he made some incredible statements about the club, fans and manager. Here are some excerpts:
On what happened in Munich:
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Can Tevez Really Play For Man City Again After This Interview?
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by David on February 13, 2012
The 5-1 defeat to West Brom was the final straw for Wolves owner Steve Morgan and he has sacked Mick McCarthy after five-and-a-half years in charge at Molineux.
A statement on the Wolves web site read:
“Wolves have today announced that manager, Mick McCarthy, has left the club with immediate effect.
“The Board took the difficult decision to terminate Mick’s contract after a run of form which has seen Wolves pick up only 14 points in the last 22 League games, after a promising start to the season, culminating in yesterday’s 5-1 defeat at home to West Bromwich Albion.
by David on February 8, 2012
I wrote yesterday that Fabio Capello And FA were set for a fireworks meeting today with neither site apparently ready to concede ground over John Terry.
Well after meeting today, it became apparent that the two sides could no longer work together and the FA has announced that Fabio Capello has stepped down as England manager.
An FA statement read:
“The Football Association can confirm that Fabio Capello has today resigned as England manager. The discussions focused on the FA Board’s decision to remove the England team captaincy from John Terry, and Fabio Capello’s response through an Italian broadcast interview.
by David on February 8, 2012
In a decision that was undoubtably cheered at the FA’s headquarters, a jury today cleared Spurs manager Harry Redknapp and former Portsmouth chairman Milan Mandaric of tax evasion.
Speaking on the steps of Southwark Crown Court, Redknapp said the case “should never have come to court”. He also thanked his family, the fans at Tottenham and his legal team after coming through the five-year investigation, which is believed to have cost about £8m.
Reading all these stories coming out the Arsenal Supporters’ Trust meeting last night that Arsene Wenger has a £50millon transfer kitty. That is not really true. Yes Arsenal made around £50millon profit, but not qualifying for the Champions League will cost the club £45millon, wiping out the cash balance.
