Tuesday
Sep252012
Wenger sitting on a £50m cash bomb


Rumours have it that Arsenal are about to release figures that will show they have a lot more in the coffers than Professor Wenger is letting on.
With the sales of Fabregas and Nasri and the 2012-13 season tickets, Arsenal have been coining it in for the past year and more. Honest - it says here.
This cash works out at around £50m before the estimated £25m from the Queensland Road development. Not to mention the sales of RvP and Alex Song.
January could be very very exciting for Arsenal then... but probably not.
Reader Comments (3)
It's all irrelevant until the club clear their debts from the stadium loans. Money in the bank is more likely to be used to pay off the loans that to buy players and that's not a bad idea. While the loans remain interest will need to paid on the amount outstanding so there are obvious benefits to paying the loan off early. On the other hand they should spend a bit more if the right player becomes available for the right price and even though they say they would I haven't seen it happen without covering the cost by selling players. For example what's the truth about RvP and did they sell him to cover the cost of the purchases ? I wish we knew the full truth because this team would be unstoppable right now with RvP up front. I wonder how determined he was to leave and how much of it was Arsenals' decision.
It's really quite simple - the more money we accumulate, the less reason we have to sell more players. Although I expect us to drop a name or two off of the current squad next summer. Or perhaps the garage sale that we were supposedly planning to do this summer... Anyway, the club will probably still welcome a £10m surplus.
saving for mario gotze maybe?