by David on February 7, 2012
This post originally appeared on our Arsenal blog, but I thought it was worth covering here. There are some mind blowing quotes from Arsene Wenger in Tuesday’s Daily Mirror.
Arsene Wenger is quoted as talking about how much he likes Lille’s £30m-rated Eden Hazard, but he basically says that Hazard is too expensive for Arsenal.
“You should know that each season, it is imperative to show a profit of between fifteen and twenty million pounds. I would add that the purpose of a coach is to always buy at a price he sees fit” Wenger is quoted as saying. “I really like him (Hazard) and, for several reasons: it’s his creative power, his ability to mis-align the opponent, his vision of the game and his consummate skill to address the last pass which make him a very interesting player.”
by David on February 1, 2012
Chelsea continue to hemorrhage money after announcing a loss of £67.7million for the financial year ending June 30, 2011.
That is only a slight drop decrease from the loss of £70.9million in 2010, as Chelsea struggles to fall in line with UEFA’s new financial fair play rules.
Since Roman Abramovich took over Chelsea, the blues have now lost a combined £620million.
Transfer fees were a main contributor to the loss, while the club was able to declare a record group turnover of £222.3million.
by David on December 19, 2011
Fulham Football Club today announced a record profit of £5.4m and a record net profit of £4.8m for the year ended 30 June 2011. The Cottagers have also revealed a record revenue of £77.1m for the last season.
Fulham recorded a profit of £5.4m, before interest and taxation, and enjoyed a 4.9% increase in attendance, which saw Craven Cottage secure a 98% occupancy figure for the seaso.
Fulham’s Chairman, Mohamed Al Fayed was delighted at the results saying:
by David on November 18, 2011
Manchester City today losses of £194.9 million for the financial year 2010-11, the highest such figures ever posted by an English football club.
The £195m consisted of a net loss of £160.5m and £34.4m to write off player contracts. These are incredible numbers and City tried hard today to put a positive spin on them:
“Our losses, which we predicted as part of our accelerated investment strategy, will not be repeated on this scale in the future,” said chief operating officer Graham Wallace.
by David on November 10, 2011
In a move that is sure to further infuriate the Toon Army over his ownership of the club, Newcastle owner Mike Ashley has ended 119 years of Newcastle United history and heritage by re-naming St James’ Park the Sports Direct Arena.
Newcastle Chairman Derek Llambias says that Newcastle needed to sell the naming rights to St James Park if its wants to compete with the top clubs in the Premier League:
by David on November 3, 2011
For the first time Sportingintelligence has published the average basic weekly wages, division by division, of footballers in England for the past 25 years. And it makes fascinating reading.
One thing to keep in mind as you are reading the post is that these wage numbers represent basic pay; wages typically increase by 50 to 100% with appearance money and bonuses.
In 1984-85, according to the PFA’s data, the average basic wage in the First Division, which was the top division in England then, was £24,934 a year. Bonuses would have pushed that wage up to around £36,000, or about three and a half times the average working man’s salary at the time.
by David on October 12, 2011
There is no doubt that the Premier League is the most popular league in the world as the latest research estimates that the Premier League matches attracted a staggering 4.7BILLION TV viewers last season.
Figures released by the Sport+Markt group in Germany show the tremendous appeal of the Premier League around the world. SHere are some of the amazing numbers:
Numbers of Viewers:
- 70% of ALL football fans worldwide are now watching the English game
- TV coverage of the Premier League reached 643million homes last season, a rise of 11pc over the previous season.
This is a preview of
Premier League Watched By 4.7BILLION TV Viewers Last Season
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Read the full post (327 words, 1 image, estimated 1:18 mins reading time)
by David on September 23, 2011
Ivan Gazidis spoke on a variety of issues at a meeting of sports business leaders in London earlier this week and he made some interesting comments about the Arsenal Way.
First Gazidis said:
“We as a Club are operating in a self-sustaining way and are concerned about value. It may frustrate everybody but we have to be.”
Then later, talking about the Gunners owner, silent Stan Kroenke, Gazidis added:
“[Stan Kroenke] is very supportive of the self-sustaining model and Arsène Wenger,”
So two references to Arsenal’s self-sustaining model there from Gazidis. A quick look at a dictionary defines self-sustaining
This is a preview of
Does The Arsenal Way Make The Gunners A Selling Club?
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by David on September 6, 2011
They have two of the richest football owners in the world, so it should not be a surprise that Manchester City and Chelsea were once again the big spenders in the summer transfer market.
Manchester City spent well over 120 million euros last summer, and for the second year in a row, the club was the biggest spender, albeit only a comparitively modest 92.2 million euros this time around. Almost half of that expenditure was dedicated to one player int he form of Sergio Aguero. City also snapped up Samir Nasri, Stefan Savic and Gael Glichy, while Owen Hargreaves arrived on a free transfer on Deadline Day.
This is a preview of
No Surprise That Man City And Chelsea Dominated Summer Transfer Market
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by David on September 1, 2011
Manchester United today posted record operating profits of £110.9million for the year ended June 30, 2011.
The club have also recorded a record revenue of £334.1million, an increase of £45million from last year and passing £300million for the first time. That £334.1million in revenue beat the previous record of £313m that Arsenal had previously announced.
United’s gross debt stands at £458.9m and the club paid £51.2m in interest payments to bond holders in 2010-11, equivalent to 46 per cent of annual profits.
Interest payments and other costs such as amortisation of player contracts and depreciation reduced the pre-tax profit to £29.7m.
This is a preview of
Manchester United Announce Record Operating Profits Of £110.9m
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Read the full post (299 words, 1 image, estimated 1:12 mins reading time)
This post originally appeared on our Arsenal blog, but I thought it was worth covering here. There are some mind blowing quotes from Arsene Wenger in Tuesday’s Daily Mirror.
