Posts Tagged ‘Arsenal finances

05
Jun
09

More fun with statistics, plus Arsenal in for another Toure?

He's ready for his close-up

Lies, damn lies, and Arsenal Stats

The blogoshpere is all atwitter (see what I did there?) about the dot com’s article detailing Arsenal’s supposed statistics.  Ahhhhh, I’m calling bullshiat on this.

I don’t trust statistics that are so obviously false. Denilson completed 164 passes all year? What the hell? Here’s a chalkboard showing that he completed 117 passes… in two games. 164 passes all year would equal less than 5 passes per game. Now I don’t know what kind of fools they take us for, but everyone knows that every Arsenal player completes more than 5 passes per game. Almunia probably completes more than 5 passes per game.

Or how about the stat that Song supposedly had only 17 tackles all season? Hmmm…. Here’s two games where he made 21 tackles and won 17 of them.

So, I have no idea what’s up with those stats, where they got them, who compiled them, how they were defined, or anything. I just know that they are utter garbage.

I mean, who would believe that Adebayor was offside only 43 times?

Lies, damn lies, and football economics

The other day I put up that “transfer anatomy” handout, you remember, the one with the little bit in the corner that shows how much teams have spent over summer transfers?

Right, well yesterday the folks who audit football clubs’ accounts released their findings of last year’s accounts and we got two major stories out of that research. First, Chelsea spent £172m just in wages in 2007. And second, the accountants found that Liverpool lost £43m during the 07/08 fiscal year.

These three things are related, I swear!

What this shows, to me, is that a club, that isn’t Chelsea, has to make a choice: they can either pay high wages, or they can spend a lot of money in the transfer window.  Which, in my mind, utterly destroys the simplistic “Arsenal need to spend” argument.

So, look at the first link there where you see that Tottenham spent £47m in transfers from 2004-2007. I’ve always wondered how they could afford to do that and still report profits, considering the much smaller fan base than Arsenal, the fact that they don’t have a billionaire owner, no European football, and they have a mediocre sized stadium and don’t charge much for tickets. They can afford to do that because they basically pay half the salary that Arsenal pay. Arsenal paid £100m in salary in 2007 and Tottenham paid £50m.

Now, ignore Chelsea and Man U — they spend what they want irregardless common sense, I mean Chelsea is coming close to £1bn* spent over the last 6 years.

A BILLION.

POUNDS.

So, ignore them, they are a reality distorting black hole of a cunt.

Instead look at Liverpool and you can see a serious problem. Liverpool have spent nearly £100m in salary every year and nearly £90m in the transfer market. The other lode stone is that they have a £300m debt that Hicks and Gillette piled on the team when they bought Liverpool.

The point here is that Arsenal and Liverpool have a very similar financial situation; both clubs have large debts (albeit for different reasons), both clubs have large wage structures, and yet Arsenal have saved money every year and Liverpool have borrowed and spent.

And now, the crows are coming home to roost and Liverpool’s debt is due, evermore. I’m not suggesting that Liverpool won’t find someone foolish enough to become a partner with Hicks and Gillette and then they’ll fail. Instead, I see this as a test case. See, Man U has a huge line of credit that they can’t even make the interest payments on due, I believe, next year, and I think what happens here, this year, with Liverpool will be indicative of what will happen with Man U next year.

The second thing I’d like to take away from this is that yes Arsenal are being fiscally prudent by not spending large sums in the transfer market but what I wonder about is the huge wage bill. Who, exactly, are we paying all this money to? Sagna? Clichy? Almunia? Bendtner? Song? Denilson? Nasri? Walcott? Those are the majority of our starters there folks, and they must be making damn good money if our wage bill is £100m.  Furthermore, I have to wonder if any of these players would be willing to take a modest pay cut in order to bring in some more players? They all talk about bringing someone in, but I’ve never once heard them say “I’d take a pay cut if it would help, because I want to win a trophy for the fans.”

And the last thing I want to bring up is just how important Wenger is in all of this. Yes, he’s set this wage scale which is stifling our transfer ability but just the fact that for four years he’s kept Arsenal at a very, very high level of play, all the while helping to manage the books and keep Arsenal fiscally sound for the long term is, I think, going to go down in history as one of the all-time great managerial feats. Compare these 4 years to Rafa Benitez, who’s constant clamor for transfers makes me wonder if he won’t get lumped in with Hicks and Gillette as the three reasons why Liverpool’s future is so uncertain.

I think this gives us all a bit of perspective on why Arsenal spend the way they do and what is likely to happen this summer with transfers. Which is to say, very little. Given our history, what I’ve shown you of the finances,  and the fact that Wenger is increasing our wages yet again (I mean, van Persie did have 10 goals this season, that’s worth another £1m or so a year) I would expect there to be just a little left over in the kitty for transfers. In fact, selling before buying is very likely.

That said, what I’d like to see is the point where the board feel like they are comfortable with the amount of cash in the reserve (at last count over £100m) and they start spending some of these annual profits that you and I are generating for them.  Maybe this year is the year? All signs point to an even bigger windfall over last year, when they netted more than £20m in profits. We’ll have to wait and see, I guess.

Daily Transfer Rumors (The Poop Scoop)

Ah, I love the smell of last year’s rumors trotted out as this year’s signings! Supposively**, Arsenal are again interested in Udinese defender Christian Zapata, which is probably a bunch of crap considering that the player is both confirming and denying that Arsenal are after him.

Meanwhile, the perennial “Yaya to Arsenal” story has risen again.  The player himself has insisted, repeatedly, that he does not want to play for Arsenal. But that isn’t stopping the World’s Least Reliable Newspaper from printing quotes from Yaya saying

It’s true that it would be great to play for a big club with my brother,that would be fantastic but you never know.

Well, if the Sun is reporting it, it must be true.

Meanwhile, in the “Players who are not leaving or coming in” department, Stephane M’Bia is heavily linked to Everton now. I will update the Players Who Didn’t Sign For Arsenal page if there’s confirmation of him signing for Everton. Also, I want to be the first to break the shocking news report that Andrei Arshavin IS NOT re-signing with Zenit St. Racistburg, it turns out that he just likes practicing with his old teammates. This is really a remarkable story, it’s one of those X player is not signing for Y team stories but it’s at the level of ludicrisness that the only equivalent would be Science News printing a story like “Scientists refute the notion that the sky is brown.”

Finally, the Vermaelen saga drags on. I’m starting to think there might be some truth to this story and Vermaelen is the “commanding” center back that Wenger seeks.

Ahem…

That’s it for today, see you tomorrow!

*add up their wage bill at an average of £150m from 2004-2007 = £600m, then add in another £150m in transfers and you get £750m, so sue me if I add a bit of hyperbole.

** unlike irregardless, supposively is not a word

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17
May
09

Women Drivers, Giant Skivers, and War chest Connivers

Adebayor just wanted to Upgrade to a bigger contract WHY DON'T YOU LOVE ADEBAYOR ANYMORE???

Badge kisser.

Back in August, during a meaningless Arsenal v. Real Madrid match, following on the heels of a summer of seemingly schizophrenic interviews by Arsenal’s then 30 goal scoring target man, Adebayor scored a meaningless goal and promptly ran over to the fans and kissed the badge. Of course, they booed him.

At the time, linked above, I wrote that Adebayor was acting like a jilted lover.  I really thought that the big fella just wanted to be loved. He didn’t get why Arsenal fans would boo him after last summer; in his mind he loved us, he was just doing what he needed to do to get an upgrade to his contract, and now that he’d bagged Beyonce he wanted us back. The thing he didn’t understand is that a lot of Arsenal fans would never forgive him for sleeping around.

And now, he gives an interview that in essence expresses how much he’s hurt that the fans that loved him no longer love him.

I bet it hurts.

I know a lot of people who supported Ade even after the summer debacle only to watch him slowly go downhill all season, put in lazy performances, and slowly erode any fanbase that he might have once had. Like the jilted lover, he just kept spiraling down, deeper into his shell, and became more and more listless. This in turn engendered more and more ire from the fans, and has culminated in the insane interview above.

Like I’ve said before, I was there when Ade scored his first ever home goal, back in March 2006 and so I’ve always felt a bit of a special connection to Adebayor. But if his relationship with Arsenal fans was complicated before, given the interview above, the season we just witnessed, and last summer’s transfer saga, he has managed to simplify that relationship and I doubt there are many left in his fan club.

I know he has one less in me.

Damn Women Drivers

There’s a bit of a bombshell over at The Mail where Martin Samuel interviewed Andrei Arshavin and he.. uh… said some stuff. No, I don’t mean his clear adoration of Barcelona. Nor do I mean his opinion that Arsenal need to buy two players, everyone says that. I mean his disgusting and Neanderthal views on women.

I would never give driving lessons to women. We need to build new roads for them. Why? Because you never know what to expect from a woman on the road. If you see a car behaving weirdly, swerving and doing strange things, before you see the driver you know it is a woman. It is always a woman.

I mean come on! Everyone knows that it’s not always a woman, it’s always a woman ON A CELL PHONE.

(I’m kidding, I love women… to do the dishes, to clean up my room… I’M KIDDING, I REALLY DO LOVE WOMEN.)

How much is in the war chest? As much as Arsene wants.

You will see a lot of stories about how much, or how little, money Arsenal have to spend this summer. I suggest you ignore them all, and just let Arsene handle it, because Arsenal have plenty of money, if they want to spend it. The stories about how Arsenal are skint are nothing more than a vain attempt to sell papers.

Ive been over this ground before but since it seems to come up in every thread I thought I might just remind everyone about the official Arsenal financial reports.  Read them for yourself, start with the 2008 report linked above and work your way back. You will see that Arsenal are basically a profit making machine, earning roughly £30m a year (AFTER tax) every year for the last three (since the new stadium). This annual profitability has left them with a £93m cash reserve.

Now, add in that the half-yearly financials that were released this spring, which showed a £24m pre-tax profit. And add in the fact that Arsenal made it to the semi-final of one of the most profitable Champions League campaigns ever, and the semi-final of the FA cup and I suspect that profits will break the £40m mark this year.

It’s astonishing really.

That money is the reason the board insisted that they don’t care if they miss the Champions League. That money is the reason that Usmanov’s bull about owners paying down the debt is a ruse.

Money is there, and after we sell Adebayor for £10m (that’s a joke, kids) there will be more than enough to buy some big, unheard-of, defender and another central midfielder.

So, can we put this tired story about Arsenal being skint to bed? And could someone please restart the Xavi Alonso to Arsenal rumor?  I like that story.

26
Feb
09

The Full English costs £133m

East Stand 2006

Ugh… remember that lady behind me on the flight back from London? The one who was coughing her lungs up mere inches away from my face? Well, I think I got her cold. I feel miserable today, worse than yesterday by far and yet I absolutely must go in to work today. It’s not fair to my coworkers to come in while so obviously sick but I have a Calc test today and I can’t miss that so I might as well bring my diseased ass in to work. The worst part is that this cold comes from overseas so they won’t have any immunities to it. I’m calling it the London Flu and me bringing it to work makes me “London Flu Timmy.”

Speaking of sickness, the press are making a big hoo-doo of some report that was released today claiming that FIFA’s 6+5 rule would not be illegal. It’s even prompting some reporters to make outrageous claims like

With the proposed 6+5 Fifa rule being ruled legal by the EU courts, we might have to see a return to more homegrown talent being fielded.

Let me make this absolutely clear: this is a report compiled by a FIFA hand-picked organization (INEA) which basically skimmed through the law looking for arguments that FIFA might make to the EU Court and found that while the rule is very clearly discrimination, it’s only “indirect discrimination.”

The EU ministers and the EU courts are firmly against this rule, and given that FIFA’s hand-picked report proves that this would be a form of discrimination I can’t see how they will get any ruling past the courts. No, the Bosman ruling still stands and will continue to stand. Which I think is good for football.

The INEA also repeats FIFA’s preposterous claim that having foreign players in the EPL stunts the growth of the Full English players. This argument is so prima facie ridiculous that I hardly feel the need to attack it, but let’s take a look at how it goes. Basically, they argue that foreign players “take the place of” local players in academies and thus there are supremely talented Englishmen out there who just never got a chance.

Bullshit.

Look at the youth academies of Arsenal and Man U. Both clubs have reached the finals of the Carling Cup with basically their academy sides. And though Arsenal get all the press for their academy I think this Man U class is actually better than the Arsenal class. But the important thing to look at is the fact that both of those teams have tons of English players on them.

Thus, this is far from the case that English talent isn’t being nurtured, rather that English talent is being fostered in a competitive atmosphere with the world’s most deserving players. These clubs are making English players better.

Make no mistake, the 6+5 plan will never be implemented and if it is, the Arsenal’s and Man U’s will still have the best academies, they will still produce the best talent, and the big clubs will continue to dominate the markets for these players. What would happen is that the overall level of play would be reduced significantly. All you have to do is look at Liverpool and ask yourself who should start at right wing: Pennant or Kuyt?

The second big story that fell out like the lung of a disease ridden airline passenger is that Arsenal released their mid-season financials. This year’s numbers look incredibly good: profits up £4.5m over last year, match day turnover up, television profits up, and even some profit made off the Highbury square development. The total before tax profit reported is £24.5m. That is truly an incredible number for a half season.

But there are some worrying signs; the £133m that “The Group” owe the banks for the Highbury Square development looks as if it’s come due as “The Group” are busily trying to re-finance that loan.

Moreover, whereas last year Peter Hill-Wood categorically assured supporters that the Highbury development was accounted for apart from the operations of Arsenal FC, this year he is equivocating, saying:

The financial arrangements for the group’s property activities are separate and largely operate independently from the financing of the football business.

The truth of the matter seems obscured, but I suspect that one reason Arsenal have maintained such large cash reserves (£90m before this half-season’s £24.5m profit report) is that they need the money to flood into the Highbury development should the loan come due and banks are unwilling to refinance this apparent lode stone on the club’s profits.

The other worrying aspect of the profit report is just how important being a top club is for our financial health. Television revenue, match day revenue, Champions League revenue, all are dependent upon the club competing at the top, top level.

Arsenal are certainly making money right now, but losing 4th place combined with the financial downturn and the collapse of the high end housing market could prove devastating to this club and has me a bit worried about the future for the first time as an Arsenal supporter.

We have to trust that the board will get this all ironed out. After all, they’ve not let us down so far.

All right, got to get into work and get some things started before my exam today so that’s your lot for the day.

See you tomorrow.

30
Jan
09

Will they fear us if we get Arshavin?

yawn

A West Ham team that is brimming with confidence  having dispatched 6 of their last 7 opponents comes in to the Emirates stadium to face an Arsenal team brimming with false hope after eeking out a 9 game unbeaten run.

It’s almost amazing to think that the team have remained unbeaten for 9 matches and on its face it’s a pretty good run of form and should see Arsenal gaining confidence. But these aren’t the awe inspiring games that we’re seeing from our rivals for the Champions League spot; a 0-0 draw to Cardiff is hardly the stuff of legends. In fact, closer inspection sees that Manchester United haven’t conceded a goal since Arsenal beat them 2-1 in November and Villa have taken all 12 points in their last 4 matches. So, you’ll forgive me if I have to have a laugh when Diaby proclaims the title race is within grasp or Nasri says that all we have to do is “keep winning without leaking goals” and we’ll be right back in it. No. You have to make opponents like West Ham tremble at the thought of traveling to your stadium, then you can start talking about winning the title.

West Ham, for their part, are playing some very good football and pundits are claiming they won’t have anything to fear from Arsenal tomorrow. No one is saying that Arsenal aren’t a talented side, or that there isn’t a threat that Arsenal will start clicking and destroy teams like West Ham; rather that right now, every team in the EPL looks at our past performances and has to be licking their chops to come here and “pull a Hull.”

Ultimately, I’m not going to say it’s a crucial game because, frankly, it looks like the board and the team have thrown in the towel on even achieving 4th place. When you see the board sitting on £90m in cash reserves and not strengthening the squad when it is plain for everyone to see that the squad needs strengthening there’s a disconnect and Peter Hill-Wood revealed exactly what that disconnect is yesterday. As it turns out, the club (payroll, transfers, etc.) is being run as if we didn’t earn £30m a year in Champions League money.

There is no denying that it would be a real financial drain on the club if we didn’t qualify for the Champions League next season. Even if we were in the Uefa Cup and enjoyed a long run in Europe, that would not come close to making up the shortfall.

But although missing out on the Champions League for one year would be a big disappointment, it would not mean financial Armageddon for Arsenal. When we worked out the budget, and did our fund-raising calculations in respect of the new stadium, we did not assume we were going to be in the Champions League every season. That may be an assumption at other clubs, and it’s not for me to comment on the way they are run, but we did not want to get out of our depth in terms of paying our bills. So although it would certainly hurt us in the pocket to finish outside the top four, it would not be a huge shock to the club’s finances. (Emphasis added.)

Suddenly everything makes sense. We’re running the club as if we are West Ham, not as if we are a top four club. No wonder no one fears Arsenal: they are fielding a team, with but maybe three exceptions, is a mid-level squad. You could say that in a sense, we’re punching above our weight, up there in 5th place. We bought a mid-table squad and are nearly up in the Champions League, impressive.

What isn’t impressive is that we’re already seeing some fallout from Arsenal’s failure to re-invest in the team with Robin van Persie reportedly refusing to sign a contract extension unless Arsenal win 4th place. You need look no further than that fact to see why the Arsenal business plan was severely flawed. Because, while it’s a good idea to practice fiscal austerity and Arsenal seem to have that down pat, hell, they could probably last 10 years as a mid-level team in the EPL with the £90m (which will probably be like £110m after this season is done) they have stashed under the mattress, it’s a terrible idea not to re-invest in your company while all of your competitors are growing around you. Already the Arsenal brand has seen some of the shine come off which means less shirt sales and even though they may “sell out” every game due to counting ticket sales rather than the turnstiles, people are already not attending matches, which means less concessions, etc. I’m not suggesting that Arsenal should have spent all £90m on transfers, but some prudent re-investment was clearly necessary as our slump in sales, and slump in performance on the pitch certainly shows.

Where would Arsenal be right now without Robin van Persie? Shudder to think, eh? The thought of losing van Persie might explain why the team seems to be increasing their price in the Zenit deal to get Arshavin on the pitch — going so far as landing the Russian a work permit already. With Wenger stating that the club are going to know before kickoff tomorrow we should finally have an end to this saga one way or another.

The problem is that Arshavin is, in my mind, too little, too late. While undoubtedly a quality player, and certain to add some goals, he’s lacking match fitness right now and still doesn’t solve the problem of Arsenal’s porous defense. In the end, Arshavin won’t be the man to make teams like West Ham fear us again. That’s going to take a whole lot more than just one wing player can deliver, which means prying open the coffers. Unless, of course, they have thrown in the towel on this season.

It sure looks like it to me. Which is a real shame.

Right, so a 7am kickoff tomorrow, the match is live on Setanta, and I will be at Doyle’s. See you there?

03
May
08

“We are not Chelsea”

Yesterday, Arsene Wenger reminded everyone of the character, history, and intent of Arsenal Football Club. His simple,clear, concise statement was “We are not Chelsea.” It’s a simple statement and yet answers several fairly complex questions. What is the purpose of the club? Why can’t Arsenal just give Flamini what he wants? And, what should fans expect from the offseason?

I remember feeling very disappointed with the club a few years ago. It seemed like every player that Arsenal were linked to went to Chelsea — and for double the price that Arsenal were offering. Shaun Wright-Phillips, Essien, etc etc. all signed big money deals with Chelsea. What was worse about it is that Chelsea was winning titles too. Instinctively, I wanted Arsenal to match Chelsea tit-for-tat in the transfer market; capture a big name and get back to winning titles.

But we are not Chelsea.

In order to attract those players Chelsea had to offer huge transfer fees and pay extraordinary salaries. All of that liberal spending led to the revelation in December that Abramovich has written off a stunning £270m in debts. That was in addition to the £440m he is estimated to have spent acquiring the club. What’s a billion pounds to Roman? 1/10 of his fortune, that’s what.

I understand what Abramovich is trying to do: he wants to make Chelsea into a footballing world superpower. He figures that if he spends enough money now, he’ll be able to build the brand up and sell enough tee-shirts and other swag to make up for it all in the long run. Maybe that will work, maybe not, I’m not privy to the Chelsea books so I can’t say for certain. But Wenger brings up a great point; “what if he dies?” Forget dying, what happens if he just loses interest or if he starts to see that his investment could never possibly pay off?

This is important because all of these huge salaries that Chelsea are paying are being leveraged through debt instruments (bonds) against the club. The Chelsea board assures the fans that Roman is trusted never to ask for those bonds to be paid. But if something happens, and lets say that he honors his “promise” and doesn’t collect those bonds, there’s still these enormous salaries being paid which the club — even with all their recent success — cannot afford to pay.  If they could, they would be piling hundreds of millions of pounds into bonds every year.

You can see how the situation could get out of control real quick: players sold (hopefully their worth what you paid for them!) the team slowly gets worse and worse, until one day you’re staring at relegation. From “top four” to bottom four in just a few years. That’s the scary prospect.

But we are not Chelsea.

Arsenal have a lot of debt from building the new stadium, Wenger puts it at £360m. This debt is currently the limiting factor on transfers, pay scales, and all the rest. Flamini was reportedly offered £144,000/wk in wages by AC Milan.  If those reports are to be believed, Wenger couldn’t pay Flamini £7.5m/yr if he wanted to because as soon as he did, he’d have half the team asking for more money and that would mean piling more debt on. So, until that debt gets paid down the wage structure must stay pat or as Le Boss says: “It is not that you cannot respect the wage structure, we cannot afford not to do it.”

There’s a light at the end of the tunnel. First, the new stadium is generating massive revenues. There are nearly twice as many people attending Arsenal matches than there were at Highbury. Even though the bigger stadium was a long-term investment it’s starting to pay off now: imagine what that payout will be in 10 years? Second, the old stadium is getting ready to help pay off a huge amount of that debt. I’m unclear on how this works but there’s something like £200m set to be released from the Highbury project and that will go straight to debt obligations. And third, Arsenal have Arsene Wenger.

You’re the reason for the first, keep up the good work and stay the course. Now is not the time to jump ship. The Highbury thing is just something that has to happen. I guess you could help, if you can buy a condo. But really, the club is in charge of that. And to the third, I trust Wenger to find the right players to make the team competitive. His ability there is unparalleled; just look at Bacary Sagna. There is no person I trust that end of the business to than Arsene Wenger.

So, in this off season, as I have said time and again, don’t expect any big signings.  If there was a local place that took propositions I would bet that Arsenal buys just one player.  And further bet that that person is someone obscure: another defender.  That’s it, anything else that Wenger does will be to keep the players he has.  With all this debt, it just doesn’t make good business sense to go out and buy some expensive player, just to appease a few cranky fans.

And in the end, that’s just it; Arsenal FC is being run like a business. Revenues generated are used to pay debts and then build the club. The Chelsea model is not being run like a business. It’s being run like the bank account of some dumb rich kid.

We are not Chelsea… thank God.

24
Jan
08

Spurs, Milan, Credit

Let’s get straight to it: I guess Adebayor told Nicklas Bendtner “I’m on because you’re shit!” and then headbutted him. Then Bendtner’s dad threatened to beat up Adebayor’s dad or at least thought it best that Ade get a huge suspension so that his kid would get the starting position by default rather than through hard work and talent.

Ok, seriously, that’s enough of this story.

Teammates sometimes fight: Michael Jordan once famously blackened Steve Kerr’s eyes during practice. And Steve took the right attitude toward it describing Jordan in the following way:

I always got the sense that Michael was consumed with the game, consumed with winning and competing. Everyday was a war in practice and in games.

I get the sense that Adebayor has this same attitude. From what I’ve seen, he is willing to do what it takes to win the match. Now, Adebayor may have crossed a line but until I hear and see all the facts, I’m chalking it up to the only player on the pitch who didn’t want to lose the match showing his passion. I’d even bet Bendtner said something shitty to Ade or disrespected him in some way. Not only should the club deal with Ade, I also think the club ought to punish Bendtner because from what I’ve seen he tried to get Adebayor sent off. You can’t have teammates appealing to the ref to send each other off. That’s fucking insane.

But it’s done. Ade apologized, the team is dealing with it, let’s keep our finger’s crossed that Ade doesn’t get a retroactive straight red from the FA. That would be very unfair.

What this incident does provide is an opportunity for shitehawks like the submitter of this thread (who admits he knows nothing about football) and writers like this (who fails to admit he knows nothing about football) to have the monthly go at Arsenal and label them “worst losers in football.” Fuck.Off.

In what I hope is the last bit of fallout from the Spuds match: I guess some of the Spurs players sprayed Wenger with Champagne. I’m calling for a four match ban for all players involved, Wenger should only get champagne on him when HIS team wins. Just kidding, though I do find it quite amusing that Spurs were celebrating a semi-final win as if they’d just won the Superbowl. I guess that’s what you do when you haven’t won anything in 10 years.

Sigh… enough of that match. Arsenal lost to Middlesborough and I didn’t hear this much crapola.

In other news, a story that isn’t being confirmed, though due to it’s significance is receiving wide distribution, is that Theo Walcott is being shopped around for a half season loan. I have no problem with this if it’s true because right now, Walcott is not good enough to get a start ahead of Ade, Dudu, Bendtner, and van Persie. Frankly, he reminds me a bit of Jermaine Defoe: loads of speed but very little skill. Now I know the boss has spent a lot of time working with him, so the skill is almost certainly there. That means that he HAS the skill but is uncomfortable using it on the pitch. If that’s all true, then a loan period where he gets a run of 20 matches as a starting striker could break him out of his shell. So, yeah, loan him out and let him fight for his spot next year.

No news today about Saturday’s FA Cup opponent — Newcastle. But did you hear that AC Milan lost to Atalanta? He he. They are really struggling this year.

Oh yeah, did you also hear that Arsenal are in great financial shape? Largely due to intelligent financing, frugal spending, a great fan base, and not having some knob-gobbler “buy” the team on credit and saddle them with an insurmountable debt. I guess hard work and a good business plan does pay off, who knew?

Whew. All done. Cya later.




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