Arsenal have £70-80m to spend (or not spend) in January

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Arsenal finances

If you haven’t already seen the brilliant analysis of Arsenal’s financials from Swiss Ramble, you can check it out here.

It’s well worth your time and provides genuine context to the money in the bank. For example, the idea that Arsenal have £200m to spend on transfers is a fallacy, the cash balance is used for the day to day running of the club, but there are significant funds still available.

SWISS RAMBLE: Arsenal’s cash balance has steadily risen: May 2007 £74 million, May 2008 £93 million, May 2009 £100 million, May 2010 £128 million, May 2011 £160 million, May 2012 £154 million, May 2013 £153 million, May 2014 £208 million and May 2015 £228 million.

In other words, there is substantial money available to spend. It’s clearly not as much as the £228 million in the books, but we can say with some conviction that there would be enough available in the January transfer window to safely cover some of the glaring weaknesses in the squad: let’s say £70-80 million (with the usual caveats).

The changing financial landscape of the Premier League is also highlighted:

SR: Traditionally Arsenal have been one of the few football clubs able to make a profit, but the impact of the last TV deal has helped change this with only five Premier League clubs reporting a loss in the 2013/14 season. In fact, Arsenal’s £4.7 million profit was only the 12th highest that season, far behind clubs like Tottenham Hotspur £80 million, Manchester United £41 million, Southampton £29 million and Everton £28 million.

As is evidence of increased spending from the club on players:

SR: Looking at Arsenal’s cash flow statement, we can see signs of a change in approach: in the six seasons between 2007 and 2012 Arsenal spent just a net £4 million on player purchases, while they have spent a net £83 million in the last three seasons.

However, while healthy finances are obviously good news, they also lead to frustration about lack of investment in the squad this summer. The club is better placed than ever to be competitive in the market, and to be able to take some risks. Perhaps not to the extent that other clubs do, but certainly more than we saw this summer.

There’s also talk of another £3m payment to KSE LLC for the vague ‘strategic and advisory services’ they render to the club, a payment that drew much criticism when it was announced last year. For a club that has long prided itself on not paying dividends to board and owners, this feels very much like that.

Anyway, do read the Swiss Ramble post. It’s educational.

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neutral
neutral

Groundhog day as far as I’m concerned

Groundhog day for finances, groundhog day for football

I hope we get out of this current run of shit form, we only play good for half-seasons.

neutral
neutral

*play well

Smart-Arse
Smart-Arse

“In fact, Arsenal’s £4.7 million profit was only the 12th highest that season, far behind clubs like Tottenham Hotspur £80 million”

The profit margin of a selling club…..

Chris
Chris

They just bought Son for 30 million and N’jie & Alderweireld for a combined 30 million.
So if they’re making 80 million in profit, why aren’t we? Something doesn’t feel right about that.

Tidge
Tidge

So now we have to have a profit of 80m as well as spend 80 million on Benzema?

Something doesn’t feel right about that…

Financially or otherwise

Arsetronomy
Arsetronomy

That’s not last season

GeneWildersCrazyDNA
GeneWildersCrazyDNA

… … … really? I mean, really? Damn it, do I really have to point out the obvious?
That season Spurs got a £85million bail out… hint hint.
And Son was £22m.

Rambling Pete
Rambling Pete

Seeing these figures does make you wish we’d gone out and taken a chance in the market this summer. Obviously don’t spend for the sake of spending but it’s hard to imagine there wasn’t somebody out there who could have come in and added something to the squad. It reminds me of when I was part of a folk-rock combo when I was a younger man. We had some great sounds and our main songwriter, Gordy P, was a genius when he wasn’t trying to slice his own arms open with kitchen knives (nobody knew what self-harm was back then). I argued that we needed to bring in another member as I felt some Beach Boys style harmonies were what we needed to help set us apart from all other bearded strummers out there but all the other guys were resistant thinking that if we did make it we’d have to share the money out with another person. We had some terrible rows about it but in the end it didn’t make any difference when Gordy drove his car off a cliff. Or that’s what he made people think. Many years later when I was on holidays in Greece I’m 100% sure I saw him working behind a bar on the island of Crete. I looked at him, he looked at me, there was an almost imperceptible nod from him as he made up another banana daiquiri for a plump lady from Newacstle and I left, thinking it best that we leave it the way he wanted it. It was on that holiday that I ate bad squid in its own ink and I did black diarrhoea for three days!

Arsetronomy
Arsetronomy

だれ?

Fabulous
Fabulous

Didn’t even read. Thumbed up anyway. Glad to have u back!

Totalgooner
Totalgooner

That was genuinely the best comment I have ever read on here.

Djangoon Unchained
Djangoon Unchained

#wefoundramblingpete

Arsepedant
Arsepedant

Welcome back Pete, please stay longer this time!

Paul
Paul

Have you been injured Pete?
Glad to see you approaching match fitness…x

SB
SB

This was and is my massive frustration with our transfer activity!

Every time the Coq is involved in a brushing tackle (which is part of his game as well as the role), it’s a ‘heart in the mouth’ situation because we don’t have a natural back-up. It could do easily been addressed in this transfer window.

Instead the money is being used to line the pockets of Silent Stan!

midgunner
midgunner

I’m with you on the vulnerability of our Coq.

I think most of us can understand not buying a striker given the unavailability of ‘top, top, top” options, but it seems unforgivable not to strengthen in defensive mid. There were loads of options available.

For me it’s the equivalent of waiting until Jan to buy a centre back last season – that decision could have made the difference between a title challenge or not.

rossi88
rossi88

Just buy Carvalho and be done with it

HighburyJD
HighburyJD

Isn’t Carvalho totally bolloxed?

Andy Mack
Andy Mack

Yep, broken tibia

Alright Mate
Alright Mate

I think it’s clear that Wenger has faith in Arteta, even though the fans don’t.

I see the value of having Arteta around but am also fearful he is past it. The likes of Seedorf and Giggs have shown the value of sticking with older players, and maybe Arteta just needs a couple of games to get match fit. But it sure is a risk.

Andy Mack
Andy Mack

We don’t have any bad players in the squad, only rusty ones or ones that need experience!

alan armstrong

Must agree with these comments I think all arsenal fans are frustrated with wenger we have said it before but this time could be costly for the club he says the right players are not available but you have to really go for for a player if you want him and wenger seems to lack the determination to do that hence after two or three years we still lack a powerful midfielderand a prolific striker

preston
preston

Should probably spend 60m on marco reus. Maybe inprove at the back also. Shouldnt have sold the Verminator

Alex
Alex

Wenger has failed to show that he has the stomach to go for it this year. To rub shoulders with the top teams I’m afraid big big investment was necessary. Value for money? Not a tooic

John C
John C

I don’t think anyone, myself included has ever suggested we spend £200m, however the fact that Arsenal’s cash reserves represent 40% of all Premier League cash reserves shows that to operate even a profitable football club doesn’t require hoarding so much cash.

Aresnal’s conservative financial approach is more of a hindrance than a help. As i’ve stated before and Arseblog did today, Henry cost £11m when the clubs turnover was £48m so represented 24% of all income on one player, Martial cost £36m this summer for a club who’s income was over £400m, that’s less than 10%. Arsene is no longer are willing to take any kind of transfer gamble. The idea a few years ago that a top French prospect would go anywhere but Arsenal was unthinkable.

Something, somewhere is damaged with the way we go about our business and i think it can only change with a new manager, with new idea’s and someone who isn’t scared of the cost.

This season already feels like a write off, in fact it felt like the chase started after about 70 minutes of the first match when Sanchez came on!

Hurensohn

Why take gambles in the market? That’s what Sp*rs do every season and while they might get 1-2 decent players out of it they are always left with 4-5 shite ones they struggle to get rid of… Have a look around at some of the transfer market gambles of recent times, Falcao, Torres, Balotelli.. All wrote anything from £30-80m off their clubs books.

It’s staggering that people are calling for us to take risks and gamble with the clubs money, do you take risks and gamble 30-40% of your own yearly income? No, do you fuck, it’s stupid.

John C
John C

Henry was a gamble, Pires was a gamble, every transfer is a gamble. Professionals get paid for their judgement and he’s not making a judgement at all.

Giving a list of transfer failures proves nothing, why don’t i give you a list of transfer successes, what about Suarez or Rakitic at Barcelona were they not a gamble? Citing the name’s of failures is a cope out and cowardly.

And yes, on a daily basis i gamble my money making calculated risks and so do you. Ever bought a TV or washing machine, no guarantee they’ll perform as you would like or break the day after the warranty runs out but it still doesn’t stop you from buying one does it?

Eyoba
Eyoba

No mate, There is a big difference between a gamble and a calculated risk.

John C
John C

No there isn’t, they’re one and the same. A gamble is a risk with the hope of success, aka a calculated risk.

Hurensohn

Henry was not a ‘gamble’ though was he, Arsene had worked with him before and knew he had ability, even Juve, where he was struggling asked for a large amount of money for him, suggesting that they weren’t unaware that he had potential to be a top player.

The same way as you wouldn’t describe buying Messi for £10m as a ‘gamble’, it’s calculated that there is a high probability of success, a gamble is where you take a punt on someone like Laccazette for example, being a success in the PL for £30m and you aren’t convinced one way or another. You couldn’t say after he scores a hat full of goals “well I knew he would do well”, because you didn’t.

Now please, tell me which of the CFs (not DMs, we already have 3 of those and there wasn’t a chance in hell we’d be buying another) who were available this summer would not be considered as ‘gambles’, because I’ve yet to see anyone name any….

I also don’t buy domestic appliances that fell off the back of a lorry, I buy them from trusted retailers made by brands with proven track records, very rarely will you be disappointed with the product

John C
John C

First of all Henry was a massive gamble, he didn’t score for his first 8 games if you remember and looked like a bit of a donkey. Secondly, if Wenger needs to work with players before he buys them we’re screwed because he hasn’t worked with any players other than Arsenal one’s for the last 19 years. That particular trick was played years ago.

I don’t know who he should buy, i’m not being paid millions of pounds a year to make those judgements but that’s the point, Wenger is. He is the professional who is paid to back his judgement, just like he did with Henry.

He has gone from being prepared to spend 24% of Arsenal’s income on untested player to calling a club who spends 9% of there’s on a similarly untested player overpriced. Martial’s performances so far have just made Wenger look out of touch and stupid.

voldermort
voldermort

The most reasoned and sensible argument I’ve read on hear in a long time.
Every tranfer is a gamble. Torres from Liverpool to Chelsea looked like a banker but didn’t work out. Same league scoring for fun but for whatever reason it didn’t work.
We have spent millions of late to stand still in the league. Some would say we have regressed.
If we profess to be a big club and want to compete with the rest as the club continue to suggest then we have to act big and go the extra mile and get th players that the world and his wife know we need.
All this bolox about no forwards available is just that bolox.
This has been going on for 3 years or more. It’s not just this season we have been in need of a top striker or a holding midfielder.
The spine has been weak for years so let’s dispell the myth it’s only this season we are short.

Hurensohn

Scoring 0 goals in 8 games doesn’t mean anything when you consider that over the course of his first season he scored more than 1 in 2 though does it? Some donkey…

Also, explain where I stipulate that Wenger needs to work with players before he buys them? What he must first do to guarantee any given signing is not a ‘gamble’ is be convinced of the players quality, be that through working with them, scouting or whatever..

As you rightly point out he is the professional paid lots of money to make those judgements, that he hasn’t found one player he’s able to acquire that convinces him is not his fault. He can’t dictate a players ability, only judge it against the standards required to get into our first team.

The argument “I don’t know who he should buy, i’m not being paid millions…” is total bollocks, how can you criticise unless you know there was a solution out there that we didn’t take?

MC1892
MC1892

I don’t think John C is suggesting we chuck a bunch of players’ names in a hat and pick one out, simply that spending a large amount of money on any footballer is always a risk, given that there’s no way to accurately gauge how they’ll deal with the move. The ‘risky’ transfers, for me, are the ones for between £20-30m. I know that’s a colossal amount of money, but it’s the world we find ourselves in, and in my mind that’s where we fail in our business. We’re generally good at the £15m-ish level, and Sanchez and (to a lesser extent, despite my love for him) Ozil are clear successes but were totally expected to be as much for any price over £30m. That’s where Chelsea have done so well recently, in the mid-range purchases category, and where we desperately need to improve. Apart from Cuadrado, of course, who’s one of the worst footballers I’ve ever seen play for a top 4 club. The transfer I most wish had happened was Grizemann in 13-14, still think if we’d got him for £25m or so rather than Kallstrom we’d have won the league. And that’s the kind of risk I think John’s referring to.

Cagooner
Cagooner

Agreed. We invested in the new stadium and accepted low player investment for a few years so that we would come out of the far end as a top English team. We are now out of the far end, have the cash reserves and yet seem stuck in the “fiscally conservative” model we lived with while paying off the debt.

Look what’s happened to Citeh after the two huge gambles they took on Sterling and DeBryne. They are re-energized and have talent to cover when one of their superstar midefielders (DaSilva) gets hurt. I’m not saying they’ll win the league or that Sterling or DeBryne were great signings. But I am saying that by spending money, you can bring in cover and game-changers. We need a little more of that.

Last point – I truly feel like AW is now frightened of taking the risk and getting close to success. Easier to not be quite there and have a viable excuse for not being in contention at the end of the season.

COYG. Arsenal ’til I die.

Alex
Alex

The answer comes in the tension between the clubs two goals, football club vs business.

Arsenal is a good football club and but an excellent business. Maybe it could also be an excellent football club and just a good business.

Overmars
Overmars

Krychowiak would have not been expensive and added so much to the team. Sevilla bought N’zonzi for only 7m, so they had a replacement signed already.

Bizarre and frustrating.

cgcub
cgcub

Don’t get the angst about the £3m. In fact I think he’s been quite restrained. He spent money to buy the share didn’t he? And you can’t honestly claim that the amount taken out hampers investment in the club.

John C
John C

Agreed, i think had we properly invested in the team those who have a problem with it would be less vocal.

Monkey Nuts
Monkey Nuts

He paid money for shares in a football club yes. When he comes to sell those shares he will make a massive profit. The money that we make and spend comes out of the money that we earn as a football club, not from his pocket. I understand why he has invested his money and why he won’t put any of his personal money into the club. The angst that people have about payments to his companies for “services” is presumably based on the lack of openness and clarity about what these payments are actually for. If they are services then what are those services. If they are dividends then man up and admit it.

Arsepedant
Arsepedant

Could be worse. The Glazers just took 16 million pounds out of Man Ure for no reason other than to line their own pockets. It wasn’t for services provided, it was a straight dividend payment.

Izzymuzzet
Izzymuzzet

Same thing. The 3m is dividends let’s be honest. Plus at least the Glazers are putting investment into the team.

MannyG
MannyG

Oh, god. I don’t even want to read the comments on this thread haha.

Ben
Ben

Those will be reflected in the next financial year and not this current one. Our profits are lower than the Spuds because they include transfers for Sanchez,Debuchy,Ospina, Chambers and Gabriel.

Alex
Alex

I would like to clarify that I don’t agree with wasting a load of money for the sake of it. However, there were deals we could have made to improve our squad, give our goals momentum and critically, show our players that we are going for it as a club. We could have paid for Schneiderlin and Martial, we didn’t want to and I’m not saying those are comparable deals.

The top two clubs in the league table today made a lot of activity – De Bruyne, Schweinsteiger, Martial, Delph, Otemendi, Iheanacho, Depay, Romero, Darmian!

They are the top two this week. So my very serious questions are:

1. Causation or just correlation?
2. Must Wenger rub shoulders in the transfer market to rub shoulders in the league standings?
3. Is our squad suffering from disappointment at transfer activity which has informed our slow start?

matt
matt

We should offer £30 million for Kim Kallstrom

Mark
Mark

Wenger’s typical moves in the market are for younger players to players just entering their prime that can stay at Arsenal for a number of years and then still have sell on value (like Sanchez, Ozil, Gabriel, etc.). He did change that somewhat the Summer he bought Podolski, Carzola and Giroud as they were a bit older ( so wouldn’t have as much sell on value), but still had many years left. The players available this Summer that he didn’t go for (or that he did, but we don’t know about it) like Martial, Schnederlin, Carvalho, etc. all fit the bill of the type of player Wenger would covet at the right price. The big issue I think is what he considers the right price is. He pays 16 million for Chambers who is very young (but English), but won’t go in the mid-20s for an established PL star in Schnederlin. Most can understand (maybe not agree with, but understand) Wenger’s point about paying so much for an older player such as Cavani with little sell on value from a financial standpoint, but we want to win now and as fans don’t care about what Cavani can go for in three years or so when we’d want to sell him.

One can argue that we were well stocked at striker if Wenger felt Welbeck would heal soon, but now we’ve got serious limitations in our options up there when Giroud is misfiring and Walcott is pretty one dimensional. That is all debatable though. What is not debatable as many have said over and over again is lack of DM cover. Coquelin might have escaped serious injury on Saturday, but the continued tweaks to the knee he will probably suffer very well might lead to a ligament tear because he’ll undoubtedly be rushed back into action and overplayed this year with no real options behind him. I just hope he can last until the Jan window so if something does happen Wenger can get some backup then (unless he thinks Chambers is his backup).

Zippit
Zippit

United spent 36 million on martial and he looks to be a decent signing so far. We got Jeff for nothing. If he turns out to be as good as we hope does that not represent an outstanding piece of work? It’s not all about the dollar. Does having that cash in the bank make us a more formidable club?

Jack's little finger

You can flip your argument to fit whatever side of the coin you choose to be on as far as the money topic goes but the question is; were there players out there who could have improved the squad in the summer?

Answer is a clear yes.

As for what happens next is up for debate, but sadly it seems we will rue not adding to the squad both from a numbers point of view as well as psychologically.

A great example for me is when Sterling scored his first City goal. You could see the whole group of players delighted and they celebrated as so. Would City have been worse off remaining with Nasri starting? No. Are they better for buying Sterling? You bet they are.

I sure do hope that the manager’s gamble pays off but truth be told, seeing how we have suffered in the past from the same inactivity by the club, I’m not burning the midnight oil holding my breath.

WestSideGooner
WestSideGooner

2/3 injuries to key players before start of the season(or before the transfer window is shut) –>Doesn’t address the needs of the team starting of the season when everyone can see what the team needs —> The team performs poorly until December —> Make some buys to save the remainder of the season –> Team comes out strong and we feel like everything in this world is good.

Rhinse and Repeat every fuckin season.

Zippit
Zippit

Yeah it’s all a bit boring really. Except… we have won 2 fa cups in 2 years. And the progress was obvious before the catastrophic start to the season. I’m gutted.

bazza_wicks
bazza_wicks

As far as spending money in January goes same as any january transfer period its a no go period with players cup tied or clubs not interested in selling get your Kallstrom shirts at the ready and wish for a buy or 2 in the summer! going to need more than 2 with Arteta & Flaminni end of contracts unless he gives them another year YAWN…. always always just 2 or 3 short of being formidable and constant with or without the injuries

Merlin's Panini
Merlin's Panini

I really think we should just blow the money on Higuain in January if Theo and Giroud aren’t doing the business by then. I still think they have it in them, and the rest of the team, to start finding the net.
However, it would be useful to have one extra reliable option. I know Higuain isn’t the absolute best but he’s definitely as good as Giroud and a bit of similar competition might get the best out of both of them. It would intensify the competition to be the best striker of that ilk at the club.
It would be nice to see Akpom or Sanogo be the answer but Akpom seems to have gone off the boil after

I’m hoping Arsene will unearth another rough diamond for the Coq role because there don’t seem to be too many obvious candidates around unless someone internal like Hayden makes a good impression on his loan. Hayden doesn’t seem quite aggressive enough for it to me though. Something about him reminds me of Craig Eastmond who was decent but not really cut out for it with us. But then, a lot of people wrote off Coq and he sprung up and forced his way in.

I always like the Coq myself. He’s always been hardworking and willing to do the dirty work. I was a little surprised that he lost his chance. I think the 8-2 against United dirtied the reputations of some of the young players (Lansbury, Traore, Jenkinson) and it was really unfair on Coq because he was one of the only players who looked like he cared. I didn’t expect him to turn out quite as good as he is but certainly thought he was a useful option.

santori
santori

There’s no guarantee.

You spend the money on an aging Higuain and if he does not perform, you not only have a very expensive dud on your books you will have to get rid of for substantial loss (meanwhile you will be saddled with huge salary until you can get rid of him)

Falcao seem “world Class’ when brought over and he did not do the business.

Balotelli the media trumpeted as a ‘no brainer’ and he didn’t either.

The likes of Jovetic, Dzeko and Negredo have all cost a lot considering output.

Liverpool spent huge sums on Carroll and had to take a loss on that.

Arsenal as a self funded club cannot afford to be so wanton.

We have two strikers (plus Welbeck) who can do the business for us. One will have to be replaced eventually down the line (likely Giroud for age reasons)

There is no particular rush to enter the market as the market is tight. A new generation of strikers will come through shortly as most of the established names (for which we will have to pay huge sums for) are aging and depreciating in value.

If we buy a less than optimum player now at high price (panic buy), it will affect our ability to load on when a really good option comes available down the line.

You say this and that because your market knowledge is limited to what the trades tend to publish as fact but in reality are rumours.

Wenger extrapolates six months to a year down the line with who may come available then.

That’s the difference between the armchair general and a professional.

neutral
neutral

except that is what we hear every year, next year, next year, next year while Arsene dithers and the obvious does not get addressed.

Arsene the professional who so clearly developed coq for the midfield destroyer role? or Arsene the lucky who stumbled upon a solution when injuries forced his hand?

Andy Mack
Andy Mack

If the manager didn’t think Coquelin could play the DM role then he’d have been sold.
Yes it’s a surprise how good he’s been (even amongst those that knew he was good) but it’s clear the manager kept him for a reason.

Merlin's Panini
Merlin's Panini

I see what you mean, although I wouldn’t compare Andy Carroll with Higuain. Carroll was a flash in the pan who only looked really good in the Championship. Falcao was already broken when he went to United. He was nowhere near as prolific for Monaco as he was for Atletico. I think you’re being a bit harsh on Dzeko and Negredo too. They were both bought for big money, but for a club who could easily afford that money. Negredo’s output was actually quite brilliant and then he suddenly fell out of favour and was shipped out on loan. Dzeko’s numbers were always good and he was never undroppable for City because they had Aguero and (at the time) Tevez.
Balotelli was a clear risk for Liverpool which is why we didn’t sign him. He’s incredibly talented but too stupid to apply himself, which was always clear.
Higuain is consistent and always has been. He’s not THAT old either at 27. He should be bang in his prime now. He’s not an absolute destroyer but, if we do have the money and need some quality I don’t see why it wouldn’t be a good idea to make the effort to get him in.
If he were the difference between coming 2nd/3rd or coming 1st he could be well worth the money.
Maybe we’re in for a surprise in January though. We’ll just have to see how we cope with what we have for now. Maybe another striker won’t be necessary in the end. I’m just saying that, if it is an area we need to improve, he’s someone I would be happy for us to look at again.

Andy Mack
Andy Mack

Higuaín isn’t coming to Arsenal. He had the choice when he left RM and chose the mafia money from Italy instead. He won’t get a second chance.

tapps

Excellent response Santori! Reflects my thoughts exactly.

santori
santori

Contrary to popular opinion in certain quarters, Arsenal does not have 200m to spend. There are other dects and expenditures to factor in.

70m++ is still a substantial sum of money but we are NOT the only team that can fork out those sums for players.

and with the squad complete in numbers, we are looking to add quality not bodies.

Again ability and means to spend should not be confused with availability of target players.

All fine and dandy to say we should get a Benzema or Cavanni but the press tend to not understand how a market works.

As seen by the entrenched position UNited took on De Gea, if a club has the means not to sell, they do not have to.

Ask yourself again who would Madrid buy in place of Benzema?

Or Cavanni.

MAdrid would less likely allow their players to leave if they are not able to sign on a marquee (Spanish) signing in De Gea. Can you imagine the sentiment of their fan base if so?

Let alone they have more money than us and do not have to sell on Benzema if they sop choose to.

Most pundits in the media (which sadly many of our fans tend to listen to ) have little to no experience in the transfer market or managing a club yet the media companies would prefer to hire theses characters with their insipid knowledge base to pompously pontificate on matters beyond their me.ntal faculty

We have 70m to spend and will have to spend carfully. There is opportunity cost if we bring in a player who is just OK where another better fit may come on line half a season down the line.

Wenger does not operate like most with what they can see (through unscrupulous media rumours) what is before their nose regardless if these rumours are true (and many are not)

We simply did not bid on Cavanni or Benzema yet the media prefer to paint us as failing to get these players when they were in fact not even on market.

Wenger extrapolates 6 months to a season down line as to who else may come available.

The striker market is like many others cyclical and about to enter a new cycle with established names like Benzema and Cavanni all on the verge of 28-29yrs. A new batch/generation of strikers is about to unveil itself and Wenger may prefer to wait it out to see who will make substantial progress this season or come out of the wood works.

Meanwhile the current squad is good enough to at least carry us over to Jan.

If you look at United, they only have Rooney as a recognisable striker/CF. Chelsea have Costa and the misfiring world class Falcao after that Loic Remy (hardly world class). City have aguero but after that Bony.
Liverpool may have Sturridge, Benteke and Firmino but the jury is still out on them and Benteke is hardly better than say Giroud.

Where IMo we could add is in Central midfield where the current predicament we may face with coqzorla both out remonstrates the need for rejuvenation.

But I believe Wenger would prefer not to take any player (say a Schneiderlin you latest Cabaye). If he is adding a truly potentially world class player in say Illaramendi, again he is in a bind because he has first to wait to see if RM will be successful in their own bid for a target before releasing some they may consider fringe.

Point in case the timing of our Ozil purchase. 42.3m spent on a player by Wenger is definitely not a panic buy unless you have the thought process of the media. Wenger would rather NOT spend.

Rather Wenger had to wait till end of window (which is common) to execute on the move because he had to wait on RM to clear on Bale.

This also affected his ability to go into market for Higuain as he was unsure how much would be needed to commit on Ozil and would have been aware of Napoli’s ability to push price upwards ina bidding war for the Argentine that could have an affect on the Ozil purchase at end of window.

Its not a supermarket and any move for a player is dependent on 3 things :

1) The purchasing club’s desire and ability to match for price
2) the selling club’s readiness to let go
3) The player and Agent themselves (as we can see some ground work was done surreptitiously by our German contingent and Wenger ahead of the Ozil deal to soft prepare for the possible bid)

DO remember as well that we are a self financed club, self built and not reliant on a benefactor’s whims and fancies.

Thereby Wenger has to watch the bottom line> He has made his fair share of dud purchases before (we can all rattle off our favorite Arsenal horror show purchases) but all of those and most of Arsene’s purchases are done for comparatively very low prices which means he minimizes damage should those fail to materialise.

Contrast the sort of money spent by City, Chelsea, United and Liverpool on individual players some of dubious qualities and the sort of loss they take on them.

Arsenal cannot afford to operate that way.

santori
santori

Henry was not a gamble.

he was slightly expensive for the time but Wenger had worked with him and knew him inside out.

Plus comparative, he was not brought in at a high price.

And if you want to cherry pick on players you can just as easily quote the price we paid for Viera, Llungberg, Pires.

As mentioned, Wenger hardly spends exorbitantly and therefore minimises our exposure to loss through an underperforming player.

John C
John C

He cost 24% of our income at the time, the equivalent amount today would be £75-80m.

He was the third highest transfer in the history of English football at the time.

Stop speaking nonsense.

wale
wale

Chill guys! Haden is the solution. You hear it here first. He has the positional awareness like Busquet, the aggressiveness of koscieny and stamina of viera. Even if Wenger buys another defensive midfielder, Hayden is the real guy to challenge coquelin. Whatch out

sam
sam

I say it all the time but whatever. 33 million Facebook fans. £10 donation from each is 330 million. Now I’m sure everyone of us would throw £10 for the chance at signing Pogba and Bale or an ageing ronaldo. now if we did that every season we could sign two galacticos from our OWN FANS. Failure to do so we could just reduce season tickets and food at the grounds. This i know is all a bit far fetched but think of the possibilities. Reduce the official shops merchandise prices. Just a thought.