Arsenal reported profit of £49.5m for the six months to the end of November. The club is expected to report profit of around £60m for the 2011/12 season.
The Arsenal shareholders made more than £300m personally from selling shares.
The ticket prices have increased in almost every season since 1992.
Arsenal’s income is one the largest in the world of sports for the last 6 years.
Manuel Almunia and Sebastien Squillaci were on £60,000 per week contracts. Nicklas Bendtner is making £52,000 p\w, while Marouane Chamakh makes £50,000 a week, just like Abou Diaby, Carlos Vela, Denilson and Johan Djourou. Arsenal’s wage bill is sky-high. It’s at £130m-a-year, which is 40 percent higher than Tottenham’s.
Arsenal and Arsene Wenger might be portrayed as victims of the modern, ultra rich world of football. However, the money was and still is there to offer Robin Van Persie £200,000 per week and buy a few world class players.
But it didn’t happen and won’t happen. Why? Because Arsenal got its priorities wrong. Profit before wins, “sustainability” before success.
Arsenal are not victims. They just act like a poor little rich girl.