Cesc & Nasri Hokey-Cokey Whilst Investment Might Pay Dividends
If you are prone to bouts of frustration manifesting in a primeval hammering of the keyboard, this morning is a good day to avoid the media. Sorry, fair maidens and gentlemen of the parish, there is not one indicator of an incoming player. One can only assume that the baggage reclaim at Heathrow is extraordinarily busy at the moment.
Patience is a virtue, a key element of the Arsenal DNA.
It can be suppressed, overridden as the synapses in the brain fuse on reading who is going to leave. It is utterly confusing. Cesc is training on his own in some sort of protest according to the Spanish media, omitting mention of his hamstring problem. The real issue in all of this is the unwillingness of Barcelona to meet market value, determined instead to cloud the issue of fee with some sort of punishment for Arsenal procuring the services of Bellerin and Toral. Fifa regulations concerning compensation, it seems, are not enough for the Catalans.
The reported interest of Real Madrid and Manchester City clouds his situation, both willing to pay more. Given he wants to play for neither, the intransigence of both Arsenal and Barcelona over the fee must be frustrating for the player. In the case of City, it might be cheaper for them to buy Arsenal Football Club lock, stock and barrel rather than pay out all this money in transfers. Such an action would at least allow the ludicrous claim that Arsenal is a nursery club to have some justification.
Samir Nasri meanwhile must be utterly confused. Having told Arsenal that it is not about money, reports suggest that the £110k per week he is demanding is not being met by the club. In a move designed to test the patience of a saint, the sister paper of the utterly despicable Sunday rag that no-one is going to buy anymore, claims that a deal has been struck with Manchester City for £20m. Not according to Daily Heil information it hasn’t, £19m more like. To give life its balance back, Arsenal are to forgo the fee and keep Nasri for another season but that presumes City don’t nip in with a cheeky £25m.
Perhaps we should ask Darren Dein what’s going on. No, wait, Nasri is the only one of the key players that the Arsenal God does not represent. He is of course, doing all of his wheeling and dealing in the best interests of Arsenal. Please, pass the sick bucket now.
Which brings us onto the club itself, the way forward. This morning’s Indescribably Boring has provided the AST with a platform to air their views. It is hard to argue with the basic theory of KSE and Red & White investing to clear the debt. There is a sustainable benefit in doing so, increasing space on the profit and loss account for an increase in salaries, thereby attracting a higher quality of players.
So far so good, as is highlighting the commercial deficiencies of the club’s existing contracts. The reluctance of the club to break those deals, masked behind The Arsenal Way, holds the finances back. It all points to revenues lost, a valid criticism in times when ticket prices have risen.
It is easy to criticise in hindsight and undoubtedly the family jewels were sold cheaply. At the time though, needs must was the motto as the new stadium required funding. Those negotiating the contracts were naive so the logic goes.
And that is a criticism which can be levelled at the desire for the current majority shareholders to invest close to £1/4bn without any reward. The answer to that apparently is that they will be happy to watch the share price rise accordingly. There is no guarantee of that. The previous owners were building a financially stable club, primed for sale is the accusation. In the era of football during which they were custodians, the returns were phenomenal. They won’t be that substantial again.
It means that money comes out of the club as a reward for that investment in the form of either dividends or management fees. This is an answer which is dismissed rather too easily. But why would KSE / R&W invest with no guarantee of any return on their investment? Withdrawing a dividend need not be viewed negatively, only if it is done at the expense of investing in the squad. Improve the commerciality of the club and this ought not to be an issue.
But don’t expect something for nothing.
Posted on July 6, 2011, in Arsenal, Football, Premier League, Premiership, Soccer, Transfer Gossip and tagged Arsenal, Football, Premier League, Soccer, Transfer Gossip. Bookmark the permalink. 396 Comments.