It’s 2017 and FFP has failed – what next for Arsenal?

Picture this. The year is 2017 and the corrupt authorities in charge of The Beautiful Game have managed to wiggle their way around FFP to accommodate the needs and wishes of their new very wealthy football owning chums. Of course these friendships have nothing to do with the Christmas Presents.

Also, you will have noticed that since 2014  Newcastle, Liverpool and Totteringham have also “oiled-up”. The net result of all this is that Cup upsets such as The Wigan did a few years ago have been condemned to history.

Arsenal have been condemned to eternal also rans and simply play each season to avoid relegation, followed by playing beautiful football to entertain the reduced numbers at The Emirates now that the glory hunters have gone.

The new European Super League is in full swing, which admittedly gives us mid weeks off.

A little history now. Arsenal at some point were the wealthiest club in England, and some fans really couldn’t care less who owns the place.

My question is this: suppose we found a good guy with squillions and a deep love of football and Arsenal in particular, would this change our minds?

In other words, is there ever a time when you would consider it ok for Arsenal to Oil Up?


147 Responses to It’s 2017 and FFP has failed – what next for Arsenal?

  1. MickyDidIt89 says:

    Strewth, it’s been used. Hard times indeed 🙂

    May I add, that I believe if Arsenal permanently dropped out of the top four, our sustainable model would be kaput. Corporate and sponsorship would be dramatically reduced, and it would be unsustainable to play in front of a half full stadium.

    In short, everything hinges on FFP working, and my 2017 model is making the assumption that it will not.

    Happy thoughts 🙂

  2. Rasp says:

    Thanks for stepping up Micky. You pose an interesting question because it covers footballing, business and moral boundaries.

    I suppose if it becomes the norm for successful clubs to be bankrolled by oil money then the ‘if you can’t beat ’em, join ’em’ view will prevail.

    We’ve built a magnificent stadium to compete with the best, we couldn’t allow that to be half empty because we were perennial relegation fodder (our current owners wouldn’t let that happen).

    It is clear that more clubs will be bought up by owners / corporations / countries as a form of ego trip / marketing exercise / bandwagon jumping …. and every time that happens our business model becomes a little less competitive.

    I’d hate the Arsenal to be run by oil money, but ask me gain if we’re struggling to compete against insurmountable odds.

  3. Rasp says:

    At best, I can only see FFP being partially successful. The clubs currently bankrolled by billionaires have already demonstrated that they can buy their way around the rules.

  4. MickyDidIt89 says:

    Fair points Rasp.

    I know many peple will not read this carefully, and assume it’s 2014. It’s not, it’s 2017 with the scenario above.

    Rasp, would your mind be changed if it were not oil money, but a cuddly Arsenal supporting big wig whose money is largely spent on supporting the under priviledged,, and whose wealth was gained through robbing the corrupt? 🙂

  5. Rasp says:

    Yes Micky, a veggie, sandal wearing meditation guru philanthropist with a zero carbon footprint would be ideal 😛

  6. MickyDidIt89 says:

    Ah ha, we’re back to the violent Buddhist thug model 🙂

    Steve, as he’s better known.

  7. arnie says:

    Great stuff, Micky. 🙂 ha ha ha. I love this.

    Three things briefly.

    First, personally I love our model. Ceteris paribas, no oiling for me. Thank you, squillion smiley oiler, but no.

    Second, scaremongering does not work. Why midtable, if we drop to the Conference because of lack of oil, so be it.

    Third, but most importantly, at the end of the day I am an Arsenal fan. If the club decides to get oiled, as in some states of the world it might, would I quit the club? No, never. So, I will accept it as “their’s not to question why”, and wish well for the club, and support the team every week. 🙂

  8. Rasp says:

    I wonder how man city fans would respond if you asked them if they’d prefer to return to their pre-oil days? I reckon at least 80% would choose the way it is now – although many of those may be ‘new fans’

  9. Rasp says:

    Maybe we could ask Blue Valentine to conduct a poll on his man city site and let us link to it?

  10. arnie says:

    One further thought, if we drop mid-table, maybe the bile-spewing doomsday usherers will leave us in peace? aha, happy thoughts. 🙂

  11. Rasp says:

    Maybe clubs could have 2 teams playing under their name: one with showboating multi millionaire players in a European super league and another that has a kickabout over the park on Saturday afternoons and 1/4 of an orange at half time.

  12. Shard says:

    Clever post Micky. I guess we’ll cross that bridge when we come to it.

    But fast forward to the year 2021 and all oily oligarchs are having second thoughts about spending their wealth on such petty things as clubs. A few have been caught laundering funds, mainly because the political climate turns against the influence they are exercising contrary to the Western nations’ interests.

    The rest realise that since everyone has oiled up there is no glory to be had even through spending such vast sums of money and decide to cut their losses and run, thereby selling all the assets they can. While the owners running their clubs as a business decide that the best way to ensure profits is to enter into a US style salary cap agreement which’ll ensure that the profits accrue to them rather than go towards ever increasing wage costs, and we are back to a sustainable model. Arsenal having oiled up in 2018 fell behind the curve in both oiling up and then moving to a sustainable model. What then? 😛

  13. kelsey says:

    Well Micky

    say there were at least 6 oil clubs in the PL in 2017, and don’t say it couldn’t happen, and they then bought all the best players how do you divide 6 into 4 for CL football.:)

  14. arnie says:

    There are many on this site who came to support Arsenal because of family, or history, or both. I started supporting Arsenal because it had principles, because it dared to be different. Perhaps strange, but being different and defiant holds some value for some, and that’s me. Actually, it holds a lot of value. Even if that means we cannot compete with the big boys.

    Maybe, its just me. 🙂

  15. arnie says:

    Good points, Shard.

    And lovely point, Kelsey, though I do not know whether I see it the same way as you. There is always going to be a premium on great players because they are scarce. How do you dive these players into the 6 oilers? And even if the 6 oilers take away these resources, there will be the good, not brilliant, players that the non-oilers can play with.

    There is a limit to how much of the resources can be taken away by the oilers, even if some mediocre players become over-priced because of the oil. Nay, not for me! 🙂

  16. MickyDidIt89 says:

    To my mind, there is mass hypocrisy on the part of some.

    Completely happy to take money from Barclays, Big Mac and whoever else, but somewhere their shallow double standards allow them to take a posturing aloof stance against a wealthy individual.

    So, back to my cuddly Robin Hood if that makes you feel better 🙂

  17. Rasp says:

    That’s a good point Micky – is there any such thing as ‘clean money’ these days? Big money is coming into the game, we’re happy to take it from TV companies and the like – what’s the difference?

  18. LB says:

    Now there is a post that really makes you think…………

  19. Danny says:

    I’m not sure if this comment will make sense but Chelsea and Man City were always average teams who both won the odd league title (1955, 1937 and 1968) plus the occasional cup and both spent years in the 2nd and 3rd divisions etc therefore they really have “bought” success.
    Arsenal is a different kettle of fish altogether. If a billionaire bought us and started pouring money into the club, it would simply be adding to an already successful club with major history.
    I for one have no problem with that especially after we destroyed Highbury.

  20. arnie says:

    In my humble opinion, the difference lies in what you do with the money.

    Whether you spend it judiciously assigning appropriate value, fairly, to each player. Fairly also means in equitable ways in line with what each player provide value to the club.

    Or do you use this money to hoard over-priced mediocre players just to restrict the games of your opponents. Whether you use the money to provide value to fans, or create a club of useless feet-licking individuals who would in their past incarnation also sometimes called themselves players.

    There is a big difference, in my opinion. 🙂 But this is a matter of principle. How you implement this in practice is a question that is somewhat up in the air!

  21. arnie says:

    Rasp: while you are around, I have sent an email. Help needed, please. 🙂

  22. Rasp says:

    Thanks arnie, I’ve read your email. I will consult the ticket guru and reply ASAP.

  23. Shard says:


    For me, the opposition is less to the source of the money, than the effect it has had on football as a whole and on Arsenal as well..

    My concern with Arsenal becoming the property of an oligarch is only partly moralistic. I think it is dangerous. Arsenal could become a vehicle for laundering money, it could become just a cash cow, it could be very successful for a while and then due to some unforseen events (death, prison, war, bankruptcy, or boredom) just as quickly fall by the wayside.

    Personally I am not of the belief that these owners are looking to do charity and I am wary of anyone offering such charity to Arsenal. Someone to do business with Arsenal is a different thing.

  24. Rasp says:

    Hi Danny, your comment makes perfect sense. I think many are struggling with the moral question and as Shard has pointed out, we haven’t witnessed the carnage that could occur if a billionaire owner pulled out or if leveraged debt was called in.

  25. arnie says:

    Lovely points, and nicely put, Shard. 🙂

    Thanks, Rasp. 😛

  26. Danny says:

    I see whay you and Shard mean.
    I pray every day that Abramovich will lose interest and pull the plug. I remember reading an interview with one of his Russian mob friends who said he just couldn’t understand why Roman was messing aroung with Chelsea coz he was/is only losing money.

  27. arnie says:

    Danny: Abramovitch is an oligarch from Russia. When he was cornered by Putin’s henchmen, he had to quickly find a way to park his money. Chelsea was it.

    Since then, he has made losses, but still there is hope that in the long run he may not. People who parked their money in stocks and housing assets made even greater losses. The moment better investment opportunities arise, rest assured, the money will fly. 🙂

  28. Danny says:

    Chelsea will always in my mind be the 2nd division team a mate of mine would make me go and watch during the 70’s when they had Geoff Hurst as manager, the Wilkins brothers had hair, Flasher Walker and Jaws from James Bond – Mickey Droy.
    Of course I only bothered when we were playing away that Saturday.

  29. Shard says:


    If I were a rich person wanting to make money and diversify my wealth, I would invest in a football club and own all its assets. I would loan them money (even if I convert these loans to equity, it is still linked to ownership of the club’s assets) I would also invest in certain players’ futures through an investment firm specialising in third party ownership agencies. Then use my club to buy these players for inflated values, ensuring that the money I loaned to my club comes back to me through being channeled around the world, so not only do I make my money back, I also have the club owe me even more money. I would look to also secure some prime real estate by moving the club to another piece of land that I look to acquire for cheap through the goodwill I have built up around the fans of the club.

    When I run out of ways to make money from the club, or when it gets too difficult to do so, I sell the real estate and the disposable assets, and even if I get rid of the equity at a major ‘loss’, I would still have made a very tidy profit in this business venture, apart from the legitimacy and visibility it would have given me over the years.

  30. Rasp says:

    In other words … Chelsea are screwed then Shard? 😆

  31. arnie says:

    I guess to get back to Micky’s point, the question is: does it matter? Yes, the money may only be transitory, but it can help you win a few trophies in the interim.

    To me what matters is how you use the money. Whether it is used to generate value, or used to unfairly restrict competition — from direct competitors and from less developed footballing nations.

    Further, as Shard put it, what kind of money also matters at a moral level. I am not saying all money is dirty or some other claptrap like that, but at least whether the money is black or white does matter somewhat.

    We hate the fact that journos are always spewing bile against our club. How many of us would like to see Arsenal’s name in the same bracket as Barca’s in this week’s papers? At least bile is on the back pages, but corruption comes on the front pages. 🙂

  32. arnie says:

    my god, Shard, you know quite a bit about this kind of stuff! 😛

  33. arnie says:

    just wondering whether you are linked somehow to Harshad Mehta or Dawood!!!!! 😛 just a joke. 🙂

  34. Danny says:

    Well he tried for Battersea Power Station but failed miserably!

  35. Shard says:


    If you hadn’t been joking you might have received a very unpleasant visitor 😛

  36. arnie says:

    Shard: 🙂

  37. Shard says:

    Well the point is that if even I can think of some ways to make money through owning a PL football club even while seemingly losing money on it, you can bet that all the billionaires, companies etc lining up to get in, can think of many more.

    Hence, my distrust of billionaires offering to ‘invest’ into Arsenal. If Usmanov wants to just give Arsenal money, and he trusts Wenger (as he says), he can just write a cheque. Will he? No. Because he’s looking to own Arsenal before he starts ‘losing money’.

    I believe Chelsea (and hence Abramovich) don’t own the land on which Stamford Bridge stands. He’s been trying to get the fans group which owns it to sell. At least that’s what I remember. To do that he probably needs to secure an alternate piece of land where he says, look, I’ll build you a brand new stadium. However, I reckon he’s looking to get them to sell before acquiring another piece of land because if they don’t sell to him even then, he’s out of pocket and they gain from Chelsea shifting out.

  38. dandan says:

    Great stuff Mickey but find myself unable to join in the frivolity due to the Hillsborough inquest which I am following on Twitter, any of us older Arsenal fans know it could have been us as we had all been to games at Hillsborough. Would we have acted as well as a club I hope so.

    Please find a minute to go and read the tweets that are coming out of the inquest as the families pay their tributes to the 96.

    We play Everton this weekend they like us are a classy club and if you have not seen it watch their chairman Bill Kenwright making the speech (below) to the Kop at the last memorial service, Class personified.

  39. RA says:

    Well to answer that question you would need to have a quick check on the 2014 model.

    Chelsea are owned and more pragmatically funded by a billionaire and have been for some years, and to date he has shown no desire to sell up or reduce his input to that club, despite claiming that he wanted to reduce its need to suckle at his finance teat.

    Man Citeh are owned by an arab state and huge money has poured in and it seems that will continue into the foreseeable future.

    Man Utd, sadly are the biggest club in the world, and despite the blood sucking Glasers attract sponsorship money like krill attract whales.

    You can jiggle the order as much as you care to, but those three will fight out the EPL top 3 for years to come.

    That will leave the derided 4th spot to be fought over by everyone else, with the occasional foray by Arsenal, Liverpool and the Spuds for a top 3 position, like ‘Pool this season.

    Is it right? Is it desirable? No – to both.

    Will it change with FFP? Well there is still hope, and unlike what some might think, the new rules are having some impact, and in the summer, even the oily and oligarch clubs will sell players to buy new ones in order to remain within the regulations.

    In addition, Citeh and PSG are being investigated by an independent panel chaired by PwC to establish whether or not they are conforming to FFP.

    Onto 2017/18. If FFP has failed and condemned Arsenal to being a perennial also ran, I would say, as I did on AA some years ago, that I would have no compunction in welcoming a spendthrift billionaire to enable us to join the burgeoning number of other clubs going over to the dark side.

    Would I regret it? Yes.

    However nothing in life remains the same, and altho’ I can be as nostalgic as the next man about ‘the old ways and customs’, it is undeniably the case that life moves on – and I would want the club to go with it.

    That said, I think it is too soon to give up on FFP yet, despite its obvious flaws.

    I guess this question will divide us between the romantic and the pragmatic – the traditionalist and the modernist – either way we all want what best suits the club, and that inevitably is what will best satisfy the majority of the fans.

    Good Post, Micky. 🙂

  40. RA says:


    With respect to your damning of Usmanov, tho’ perhaps he is deserving of opprobrium in the eyes of some, is wrong headed when you imply he could simply show his good faith by writing out a large cheque to the club.

    He had already tried to do that some time ago, and received short shrift from the owners and the Board of Directors, who refused in no uncertain terms. He is persona non grata with the clubs hierarchy, and they would not be beholden to them as any such gesture brings with it its own price.

    There would also be other considerations that would need to be obviated, such as non compliance with FFP, the Companies Act and Revenue and Customs.

  41. enton gill says:

    What you all seem to forget is Arsenal is owned by two wealthy individuals one, usmanov is richer then mr chelski, silent stans family own walmart and asda

  42. RA says:


    You are correct – but you do not mention that Arsenal as a club have continued the tradition of being a self sustaining business and not funded by external sources.

    In addition, Usmanov has no power or authority at Arsenal and although he is the second biggest shareholder, he cannot even get a seat on the Board of Directors.

    Therefore I am not sure what your point is?

  43. Rasp says:

    Hi enton, we are well aware of the personal wealth of our 2 major shareholders. One (Mr. Kroenke the major shareholder) wants to run the club under a self-sustaining financial model = he won’t be ploughing any of his own wealth into the club, and the other (Mr. Usmanov) is prepared to invest his personal wealth but as RA points out – at a price the club are not prepared to pay.

    It is unusual that a 30% shareholder of a multimillion pound company has no representation on the board, but such is the gulf between the two parties that Mr. Kroenke barely acknowledges Mr. Usmanov’s existence.

  44. Rasp says:

    OK Redders said that all before me 😦

  45. GoonerB says:

    Excellent post Micky. Our doom will never happen. You see I have checked the Tarot cards and I can see 2-3 future scenarios which may play out :

    Scenario 1
    Mr Michael Didit from somewhere in England near the coast becomes the first person to win the Euro-millions 20 times back to back. Being a massive fan of the good guys he buys them up, invests heavily and blows everyone else out of the water.

    scenario 2
    The person known as Mr Michael Didit originallly from somewhere in England near the coast, secures a 10 square mile area of arid land, overseas, in the desert, in the middle of bloody no where. Everyone said at the time “you are off your bloody rocker didit”

    2017 rolls by and the didit doomsday prediction seems to be unfolding with FFP failing and the Arsenal dropping away significantly. 2018 arrives with a sense of trepidation only for it to be discovered that didit’s desert contains over 80% of the worlds remaining oil reserves. He promptly becomes known as “Sheikh Didit the richest man in the world” and buys up the good guys who are now more oiled up than anyone else and they blow everyone out of the water.

    He sits back in his desert palace, surrounded by his harem (to off-set the pain of not surfing as he is now no-where near the coast), with a eunoch known as Terry mancini as his aide, and watches as the good guys dominate all and sundry for eternity.

    Scenario 3
    A conglomerate of intelligent young fellows, (for this purpose we will refer to them as Didit, Rasper, Shardy baby, Big Arnie and the Red Derrier) invent and patent a device that perfects nuclear fusion. This becomes the new world energy source and relegates oil to only being useful for smearing all over your body at a come dine with me Meze evening round at Terry Mancini’s. They promptly buy up the good guys and blow everyone else out of the water.

    I hope this helps didit, remember the Tarot cards don’t lie…

  46. Rasp says:

    😆 GoonerB

  47. arnie says:

    ha ha ha, GoonerB. 🙂 of course, in each scenario the financial manager is one GoonerBGood, who idea it is to invest the money wisely. 🙂

  48. MickyDidIt89 says:

    Love your 12:35

    Agree the question of whether or not the Club is leveraged is crucial.

    I’ll think about it, although it slightly depends on whether there is anything left in the kitty once I’ve been to Switzerland and had the full body reconstruction back to my mid 80’s magnificence. Given the abuse, I doubt there will be anything left over 🙂

  49. GoonerB says:

    Say that to redders Arnie (about GoonerB as financial manger investing wisely) and he will come over all funny like. I am afraid he doesn’t quite recognise my dynamic modern way of dealing with financial matters.

  50. GoonerB says:

    Micky, probably easier to grow a new didit from stem cells than trying to renew the current one 🙂

  51. RA says:

    GoonerB, 🙂

    Oddly enough I have been teaching Terry how to build a fusion generator.

    He wants to convert it into natty headwear so that he can generate a regrowth of his head hair (I cannot allow myself to even think of where else he might use it) -shudders- and won’t listen to my warnings that it could melt his brain. He said he wasn’t worried about that because Glic had assured him that had not noticed any difference.

  52. MickyDidIt89 says:

    Ignore The American. He gets very odd over the odd zero here and there.

  53. MickyDidIt89 says:

    Genius. Take a cutting from me, into some clean soil, add water, and bingo.

  54. GoonerB says:

    BTW before I pop off, I was reading Shards 11.56 and am now thinking is Shard actually a Bond villain intent on world domination. The more I read the more I realised what a scary and deviously brilliant mind we had on our hands… cue Evil laugh… 😀

  55. kelsey says:

    I am not an accountant but CL football I believe brings in upwards of 30 million a season and I think 80 million if you win it,but I am sure someone will correct me if I am wrong.

    Apart from FFP there is the possibility that the PL will be reduced from 4 to 3 entries and even next year if the stas quo remains as this season it is not unreasonable to suggest that United will be challenging at least for a top 4 place.
    Arsenal have said before that they could sustain one year without CL football (The Europa Cup brings in a pittence in comparison) and as others have said Gazidis will not splash the cash regardless who is the manager.He will look at other ways to increase revenue.

    We are a proud club steeped in heritage and most probably are the only one of two clubs,the other being Everton club in the top flight who actually run the club as how a business should be run.

    My crystal ball can only see so far,but unless Kroenke eventually sells out I don’t see the policy changing dramatically.

  56. GoonerB says:

    Exactly Micky, easy peasy, and plenty of your new found wealth left for Arsenal domination purposes.

  57. arnie says:

    GoonerB: You are Redders’ (only) friend, take his training free of cost, and then follow your gut instincts. Animal spirits and the like. 🙂

  58. Vintage Gooner says:

    An interesting area of discussion and thank you Mickey for opening it. On the threat of oligarch or oiler ownership they are real but are difficult to quantify. Perhaps a professional risk analysis would be an interesting post. Perhaps someone on AA could do this for Arsenal with their curious structure of a very hands-off principal owner who is shadowed by one of the biggest (in every sense) oligarchs.

    For me I would like to see Arsenal bridge the gap by issuing shares ideally through fanshare with 10% being available each year. To preserve a semblance of balance the two major shareholders should be able to purchase an equivalent and such a proposal could give new money for Arsenal of between £70 – £140 million per year over the next 5 years. This should enable us to compete with the others and introduce a way by which Arsenal fans at large could be given a major voice in the club they love.

    On a detail largely missed by the many contributors the assumed scenario for 2017 is that there is a new super European league and this would also take at least 4 EPL clubs out and large and flexible promotion/relegation arrangements would mean that we can comfortably cope with 6 oilers/oligarchs who would dominate EPL and have every opportunity to move up and on to SEL.

  59. MickyDidIt89 says:

    Transplant forgot to remove the tin foil he sports on his head, which he believes serves the dual purposes of giving him the desired 70’s glitter top appeal, as well as keeping out unwanted transmissions.

  60. MickyDidIt89 says:

    “My crystal ball can only see so far,but unless Kroenke eventually sells out I don’t see the policy changing dramatically.”

    You also say that our model could only survive one season without CL Revenue, and I agree (possibly a little more).

    It is finely balanced with the lions share of match day income from Corporate. If Spuds oiled up, along with Toon and Pool in my illustration, we’d be doomed, and a 60 thousand stadium could not be sustained.

    Our business model would collapse.

    Ooo, I don’t want to talk about that stuff, just whether people’s current view of sustainability would/might change.

  61. MickyDidIt89 says:

    Wow, great comment Vintage.

    Fan Share is a topic for a really good post. Might have to be nice to an accountant.

    Ameeericaaan, where are youuuuu?

  62. arnie says:

    Yes, great stuff Vintage. 🙂

  63. arnie says:

    the European Super League stuff sounds like a damp squib, though. 🙂

  64. MickyDidIt89 says:

    Leave squibs out of it. It’s a hypothetical scenario, Arnie 🙂

  65. Shard says:


    You surprise me by your trusting nature of some news reports by saying Usmanov had already offered to bankroll the club. I am struggling to remember any such offer having been made, though there might have been some PR guff doing the rounds. As far as I know, Usmanov has never answered the question of whether he would be willing to personally bankroll the club even if he were to own it. My guess is he wouldn’t. Because he has shied away from saying so even when the opportunity was there. He even made veiled references to the FFP by saying that prices might come down in the future. Their open letter in the wake of RVP’s letter was critical of the board and the solution they offered was to increase commercial income etc etc. Everything the board was already doing. They never have actually said they represent an alternate model of ownership.

    What offer I do remember being made by R&W is of a further rights issue to raise 100m pounds for the club. This of course would have resulted in Kroenke having to pay more out of his pocket simply to keep his shareholding at the same level, or have allowed R&W to increase their shareholding. As such, was never going to happen, and was meant only to gain brownie points.

    Also, if you recall, in R&W’s statements damning the way KSE were running Arsenal, one of the criticisms was that Gazidis approached a company which had Usmanov at board level, or at least involved in some shareholder capacity (Megafon was it?) to sponsor Arsenal. The implication was that this was a ridiculous proposal since Usmanov is not on the board of Arsenal. So, as far as I know, not only has Usmanov not made any offer, nor given any assurance to bankroll Arsenal out of his pocket, he has also dismissed any chance of companies in which he has some influence, sponsoring Arsenal.

  66. Shard says:

    Gooner B

    If you do not cease and desist from taking this any further, you will join arnie on a list of people to be paid a visit 👿

  67. MickyDidIt89 says:


    It’s such a weird dynamic at Arsenal.

    We have SK, who’s “sort” the previous Board didn’t want around, and then there’s AU who is shunned by the present lot and who is really not interested in football (fencing being his only sporting passion).

  68. Shard says:

    The Fanshare scheme was a great idea, but sadly it did not work because the two larger shareholders managed to tempt a lot of fans to sell their shares. This meant that the shares still held by fans are essentially meaningless.

    A rights issue to ‘earn’ money is another way of getting owners to finance you. It depreciates the value of each share, which would mean that unless fans also bought new shares (and kept them), their shares would represent even less voting rights. So it seems to be a little of a paradox to suggest both a rights issue and a fanshare.

    Also, I think a rights issue can only be an emergency one-time measure. The value of stock plummets anyway if you know that next year there will be more shares on the market, since it is the scarcity of a commodity that’ll drive its price up. So why would you spend money buying a stock which will only depreciate in value next year? Only to fill the club’s coffers with money? I’m almost certain that will not be in the club’s interests either in the long run but I am boring even myself, so I will have some mercy on folk on AA and shut up 🙂


    Shard baby, can you pay me a visit? I havent had any action for ages.

    Cheers Micky. We dont need any sugar daddy money

    As the great man Hill Wood said “we dont need his sort around here” referring to Usmanov

    Oh Shit, just remembered he was talking about Stan. So now his comment is “Stan, do you want that Andrex stuff much loved for its softness and that Dog, or the really hard stuff from Tescos used by Frank Ribbery?”

    To much hypocrisy for my liking, so I get confused, and when I get confused I dont know what ime doing, so I don’t know

    Happy belated birthday GB. Now,whats all this Eunoch business? I will let you know that on certain dating websites, were no one posts real pictures or actually ever meets, I am known as The Unicorn.

    Just thought ide make that clear.

  70. arnie says:

    Shard: This is finance rather than accounting. more interesting for me. 🙂 I liked the lecture. 😛

  71. Shard says:


    I don’t think PHW’s statement was exactly representing the board. Kroenke’s first shares in Arsenal came from ITV and….Danny Fiszman.

    Although it was Dein who seems to have been keen to sell to a billionaire, don’t think Fiszman would have agreed with PHW. Basically I think PHW’s statement was borne out of a) a desire to not see Arsenal in private ownership, and b) a feud with Dein.

    Usmanov, in my view, will not be an Abramovich. I dislike him because he uses propaganda to gain his aims, but I don’t think he’ll run us any different to what KSE does now. But Usmanov has made his wealth by playing the stock markets. Faebook, Megafon, etc. Invest in companies that are on the cusp of growing big, raising the value of the stock and selling the stock. He’s unlikely to view Arsenal any differently. Kroenke at least runs a sports empire. He’s likely to be in it for the longer haul than Usmanov. (My view)


    I understand neither finance nor accounting. I have made an effort to understand Arsenal though. So hopefully it’s not all nonsense, but it’s possible it is 🙂

    A bond villain never pays visits himself. he has his cronies do it. You can do it with my cronies. Although when I tell them they need to be ready for action, I presume they will not be expecting what YOUR devious mind can cook up 🙂

  72. Shard says:

    YESSSSS… Ramsey’s back in training and might be in the squad for the trip to Everton.

  73. Big Raddy says:

    Nay, Nay & thrice Nay. I would prefer to be supporting AFC in the hinterland occupied by Spurs than get oiled up.

    But if a nice on comes along with respect for the club and it’s traditions (much like MC’s owners) then maybe

  74. RA says:

    Hi Shard,

    You are a master of deflection.

    You bring up a subject, in this case a test of Usmanov’s good intentions, requiring him to pay a cheque out of his own pocket to Arsenal (Loan? Gift? Capital restructure), and then having it pointed out that it was a non-goer, either for the Board, or because of the implications of UEFA’s FFP regulations, let aside the impact of the Companies Act, and also Revenue and Customs complications, or that it was reported he had already made such an offer and had it rejected, you then ignore all that and concentrate on your ‘surprise’ that I relied on the media for my information.

    If everyone in blogdom had to rely on ‘fact’ to conduct a conversation, including here on AA, the sound of silence would be deafening.

    But wait you had not finished; you then proceeded to mention an alleged offer by Usmanov to raise £100m by a share restructuring, presumably reported in the media, and rounded it off nicely with another alleged report in the media, over the sponsorship of Arsenal involving Usmanov and Gazidis, which may or may not have happened!!

    Masterfully done. You would be a rival to Sherlock Holmes’s nemesis, Moriarty, for sheer deviousness!

    I raise my chapeau to you. 🙂

  75. RA says:

    Hi Terry, 🙂

    You have stated a truism @ 2:32; ‘We don’t need any sugar daddy money’.

    Indeed, no one NEEDS sugar daddy money, per se, but alas and alack, more and more clubs have resorted to obtaining external sources of funds from such sources or from Arab states, simply to give themselves an unfair advantage in the pursuit of trophies.

    A properly run club, even one as big as Arsenal, either have to rely on the UEFA FFP rules to restrain these oligarch clubs, as Arsene Wenger has publicly stated he hopes it will, or become resigned to permanently feeding off the craps left over as they squabble among themselves.

    I am still hopeful that the FFP will have an impact, and this summer will be the first time it will have a visible effect, and we should see a splurge of very good players being released by Chelsea, Man City and the foreign clubs, in oder to fund the purchase of even better players — and that might give Arsenal and other non-oligarch companies the opportunity to nip in and buy some good quality players at bargain prices.

    We will see.

    In the meantime – a plague on all these people and the clubs that have distorted football by feeding their own ambitions with the use of obscene amounts of money,

  76. RA says:

    I am off to sell something to GoonerB. 🙂

  77. Shard says:

    Hi RA..

    Both those aspects of the Megafon sponsorship and the rights issue (though minus the 100m figure) were mentioned in R&W’s open letter. So the media were via media in this case, but it is as close to the horse’s mouth as you can get.

    I did however forget to mention your, as always, excellent points about the the impact of a cheque written to Arsenal in relation to FFP or Companies Law.. While I do not know the intricacies of the rules I do believe that if Usmanov really intends to run Arsenal through his personal chequebook, ways are easily enough found around the limiting regulations. In any case my point was larger than Usmanov.. (snigger). There was no test of Usmanov’s good intentions involved. It was simply to illustrate my cynicism towards any of the oligarchs being involved in football to lose money, despite appearances. A point which you too seemed to agree with (if only indirectly and in part) by saying that the ‘offer’ had strings attached.

    Lastly, though i dislike Usmanov due to his way of doing things, and wouldn’t want him to have control over Arsenal, I am also glad that his (or rather his and Moshiri’s) stake means that Kroenke doesn’t own Arsenal outright. We cannot have a multiplicity of owners, so a duopoly will have to do.

    PS. I was surprised only because you are such a pedant about proper source of information whenever someone mentions media reports as the basis of a theory and I wouldn’t have taken you for a hypocrite. 🙂 :p

  78. kelsey says:

    Maybe Roger Daltrey and Ray Davies could muster up a buyout,but if that fails what about The Queen.

    Arsenal by appointment to the Queen FC has a nice roll to it.

  79. RA says:

    Actually, before I go, and to back up what I was saying earlier, here is an extract of what AW said in an interview with ESPN, regarding financial doping and FFP.

    — “Bayern Munich are far ahead of the competition in Germany.
    If we look at Bayern’s success as an example, I think UEFA’s Financial fair play must be brought in, and adhered to for the good of the game. I think it’s a good decision, a fair decision.

    We have to go down that path. Otherwise, we will all end up in the street. Why? Because there are new billionaires every day, and crazy people too.

    Football is seen as a financial competition without any economic logic. It’s leading to a two speed football, and national championships become dull. Why? Because one team only can win it. I totally respect the work of Bayern, but when you see that the title is given eight matchdays before the end of the season, there is something utterly illogical.

    The Bundesliga is not a small championship. The conditions must be looked at again. The competing teams must almost be able to think that maybe they can win this year. It has happened before in history. It can happen again, but won’t be possible without financial regulations.

    Says it all really — although I am not sure Shard will accept a media report, but there you go! 🙂

  80. kelsey says:

    RA leads Shard by 4-3 in the fifth and final set 😉

  81. Shard says:


    To be sure, feeding off the craps of the oily clubs doesn’t appeal to me one bit.. 🙂

  82. Shard says:

    I will accept a media report but surely that Wenger assessment is from his own Eurosport blog rather than an interview 😛

  83. Shard says:

    What’s the score now Kelsey? 🙂

  84. RA says:


    To call me a pedant and a hypocrite is disrespectful, and really unnecessary.

    I said earlier today, to paraphrase, that if we all had to rely on ‘facts’ for every comment that is made – this site and all the others would have blank screens.

    Opinions, are the life blood of every public forum, however much we agree or disagree with what is said, with one exception.

    AA’s policy on blogging is fundamentally correct, and in case you have not read it, I will give you a snippet that applies to this conversation;

    — “All opinions and viewpoints can be freely expressed, all we ask is that no-one descends into insults and name-calling.”

    Perhaps you will give it some thought.

  85. RC78 says:

    It is just a matter of time before Arsenal moves into this direction. Man Utd, Man City, Chelsea, Liverpool, Tottenham and even QPR have gone under ultra-rich owners that can spend big every summer…In France, PSG and Monaco have done it as well recently and OM, Lyon, Lens, Lille and St-Etienne may be next…The way football is going, it is just a matter of time for Arsenal to follow suit to keep up the pace with these guys. Bayern and Barcelona also have itneresting models but I am not sure it will work for Arsenal and Real has the luxury of getting its debts erased by the King himself…

    We just have to plan the transition well and to ensure that our Academy and work with youth and young talent remain core values of the club…

  86. Shard says:

    Sigh… RA.. I figured the smiley bastards at the end would take away the offense you might otherwise associate with those words, as well as hoped that you’d know me enough by now to know that I bear no disrespect towards you.. If anything respect ranks high among my feelings towards you.. kelsey, you can stop keeping score. I have hyper-extended the joint of my funny bone and withdraw from the contest.

    RA. I apologise at giving you offense, and hope you recognise it was unwitting. I shall mind my words to you in the future.

  87. RA says:

    Sorry, Shard, I was not really being serious, just being pedantic! 🙂

    Of course, now I have set myself up, as I sometimes tease arnie – and kelsey – and Micky – and GIE – and Terry — oh sod it, I tease everyone including you if I get half a chance!! 🙂

    Sorry, again!

  88. RA says:


    We have very similar views — and it is a sad reflection on the way football has gone in the last 10 years or so — and worse — it has all happened when we were building the new stadium, and AW has taken all the flak, in an impossible situation for the club and its fans. 😦

  89. Vinay says:

    I think the one reason a lot of people like and dis like Arsenal is we swim against the tide, we are that underdog who everyone wants to root for but if they win there is a sense of how could they. I love my club because we stand for certain principles but then in the same breath i dont want them to lag behind everyone and having an empty boast that we dint lose our principles. Arsenal need to find the balance, i think Wenger and the board seem to agree on that and hence i believe there will be the right mixture and hopefully that gives us the right results.
    Arsenal need to move along the times but not go overboard because end of the day we are unique in what we do and how we go about in doing so.

  90. RC78 says:

    I am sure that we can keep some of our core values and have a rich owner that allows us to compete on the big stage. This is not a fundamental contradiction…

    At PSG (my home team), the plan is to invest heavily until 2018 and then rely on our scouting system and youth academy. While our team is getting top players, in the background, our scouting system and youth academy are being improved to allow us to depend less on external stars and more on internal players…The business model will change when we will create stars of our own that we may at some point sell to make profit…Right now, still in the phase of buying Cavanis and co…

  91. ” In other words, is there ever a time when you would consider it ok for Arsenal to Oil Up ? ”

    Ever a time !……………………..I`m pissed off it hasn`t already happened !.
    I`m of the opinion that we will never win the EPL until we are as Oiled Up as the best unless FFP works how we would like it too !…….but there`s more chance of there being a Saint Savile of Save the Children !.
    There will be one off`s of poorer teams challenging, like Liverpool this year, but that is ironically because they basically only have 38 games to play because of not being in the CL, Europa League, COC and early FAC exit !. If they had been in the CL, they would probably have not been as good in the EPL !. So expect Manshafter Std to be favourites for next years EPL if they are not in either CL or Europa League !.
    Luckily, I can turn my Arsenal emotions off and not worry with my 2 new gorgeous Ukrainian Pole dancers !. Arsenal may not get Oiled Up, but my Pole is !. hahaha

  92. stevepalmer1 says:

    Evening all, a good look into the future,
    I wondered if you ever thought about why Oil men who don’t have a history in football actually got involved in the first place. Many oil producing nations are places where sand and not much else was there, Oil starts to run out and Arabs start to see what they have to sell when its completely runs out. One Arab talks to another and comes up with a holiday destination seeing how its hot there all year round, the other says we haven’t enough land to make it worth while so an idea to claim back land from the sea. Many billions goes into the idea and low and behold islands are created and hotels are built half of England starts to flood on a regular basis, so the Arabs visit England and get caught up in a local game, Arab says to his mate look how many people watch this stupid game, the other, but look how many come we should invest in this football, and here ended the lesson.

    Just thought i would ask, When so called Arab dies and his wealth which is dwindling is shared out with his 30 wives and sixty kids, will any of them want to run a football club in a very cold climate that floods every time time it rains.

  93. Oil runs out !…… wont have the slightest affect on their wealth, once the oil runs out, they will have enough sand to supply Jewsons for thousands of years !.

  94. GunnerN5 says:

    Team news: Who is fit to face Everton?

    Arsène Wenger has revealed the latest team news ahead of Sunday’s Premier League clash against Everton:

    on Aaron Ramsey…
    Aaron and Nacho Monreal are back training with the squad, so that is good news. Hopefully they will be available for Sunday. Diaby is back on the pitches, so that is good news.

    on any others…
    At the moment that is all because the other injured players are not back, not Wilshere, not Ozil. Everybody else is alright.

    on Laurent Koscielny…
    He is still out. The earliest [he will be back] is next week, the latest is the week after.

    on Wilshere and Walcott…
    They are alright, they are doing well. It is still early for them, of course for Theo the season is finished and Jack is progressing well.

    on Mesut Ozil…
    The FA Cup will be too soon for him, but he will hopefully be back soon after that.

    Copyright 2014 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to as the source 3 Apr 2014

  95. stevepalmer1 says:

    Blinding, CM 🙂

  96. Big Raddy says:

    Steve. It hasn’t worked that way with horse racing. Once the arabs invest and take an interest they get completely involved and for the long-term.

    But inevitably this leads to the exclusion of all but the super-rich

  97. Gööner In Exile says:

    Evening all, a fine conversation starter SurfDude.

    For me it’s a no, but then I’ve often been one to cut my nose off to spite my face. The thought of rolling in petro dollars is not appealing, as others have said, who next? When everyone’s funded that way will it be an even playing field? Maybe but it won’t see us any better off than we are now.

  98. stevepalmer1 says:

    Very true BR, but the shit is good for roses.

  99. I see on newsnow that Scientists at the University of Leicester have discovered that Noahs Ark could have carried 70,000 animals without sinking if built from the dimensions in the Bible !………….that’s 33,716 more than they get in WHL and that’s been sinking lower every year since 1961 !.


    Cornwall, hahahaha

    Yeah, I hear you Redders. In the beggining I was full of it against the chelsea/city models, but now ime knackered from complaining. Besides, Cornwall never stops going on how without gifts of money the end is nigh, so ime half expecting that next time i see him he will be donning a placard. hahaha

    Redders, I know that like me, you are a student of dreams. The other night I had this really vivid dream that I think has finally settled my feelings towards Totnumb.

    It was set in the near future were an authotarian government passed an edict that Arsenal and Tottenham fans be segregated geographicaly.

    For some strange reason I was living with this guy called Spencer who rather disturbingly, was known as my Chum.

    Now, there was two Coaches outside our house, one for Gonners and the other for Spurs, and Spencer was Spurs

    We tried to tell the thought police that we could not live apart, but they threatened to spray hairspray on the wig so I was renedered powerless.

    On the Gonner coach I could see the Queen, Winston Churchill, Jeremy Beadle, and an assortment of good types.

    At this stage Spencer was sobbing with fear. On his coach a fat bald chav was giving a moony, Steve Archibald was cupping his balls, and a women wearing a horrendous tracksuit was yelling “They better take us somwere F*ucking nice, like Edmonton. Who nicked me bleeding fags”

    As the two coaches started on there journeys, i was greeted with warmth and kindness, but when I looked over to the departing Totnumb coach I caught a glimpse of Spencer who by now was spread eagled to the floor, the fat chav sitting on top of him and a man who, though I cant be sure, but i believed to be the horrible ex Totnumb player Graham Roberts, edging towards Spencer whilst removing his belt.

    As we sped away, I could hear the cackles of the tracksuit women “do it do it” and the feignt echo of chas and daves classic Rabbit and lastly a yell so unknow to me, I could not fathom wether it was Spencer or Roberts

    I now realise that its not hatred that predominates my feeling towards Totnumb, its pity.

  101. stevepalmer1 says:

    Boy wish i had dreams like that. all i have is flying dreams where io always get caught up in a net, must be a meaning somewhere.

  102. arnie says:

    brilliant Terry. 🙂

  103. arnie says:

    GN5: now, that name Diaby rings a bell, where have I heard it before? 😛

  104. arnie says:

    French site claims Abou Diaby injured already, but fortunately just an April Fool. fortunately? 🙂

  105. Hahaha Stretch

    I too had a weird dream the other night, it was when me, you and VCC went to last seasons Reading game !.
    We were embracing each other as Gervinho scored the first and as I looked to my otherside, there was a gorgeous women with her husband, she smiles and gives me a high five !.
    Cazorla then scores and instead of embracing you and VCC, I give you both a high five and embrace the gorgeous women in front of her bemused husband !.
    Giroud then scores a third and I don’t even bother to high five you two and start to French kiss the gorgeous women and her husband just gives an uncormfortable giggle !.
    Robson-Kanu then scores for Reading and I hiss at you and VCC and then start to comfort the gorgeous women by caressing her ample buxom to the shock of her husband !.
    Arteta then scores from a penalty and I can feel VCC`s attempt to celebrate again, but I`m too quick and nut him, he falls back and pulls your syrup off !. I then turn my attention to the gorgeous women, who I feel I have started a relationship with and start to forward this by making love to her !. The husband accepts it with ease and even comments that I am getting more out of her than he ever !.
    The crowd then start to sing as my actions are replayed on the giant plasma screens…..” and it`s Cockie Monster….Monster fluffy Cockie !…..he`s by far the greatest lover….in block 100, seat 69, row Zee ! “.

  106. chas says:

    Interesting post, Micky.
    It’s the oil part about the sugar daddy money I can’t abide.

    If we have to get some massively wealthy trucker on board, then let him have made his millions out of something cool like drugs, prostitution or accountancy.

  107. Gööner In Exile says:

    Steve I think Raddy is half correct with horse racing, there has always been camel racing (although got outlawed when people saw young children were the jockeys) I say outlawed they just replaced them with robots.

    Part of the Mansours plan is to increase tourism such is their reliance on something over this oil in the future. Hence Etihad sponsorship plus the goodwill work around the stadium. It’s all to create a global brand not reliant on oil for the future.

    Barca gave in to oil money starting off by having the Qatari Foundation on their shirts, now it’s Qatari Airlines. More than a club my arse.

  108. Big Raddy says:

    Some great stuff this evening.

    Had me really laughing. Thank you all.

    chas “something cool like drugs, prostitution or accountancy.” 🙂

  109. stevepalmer1 says:

    Seems to me that many supporters like the thought of muddling through without Arab money buying success, but we have been influenced by oil money ourselves with a stadium called the Emirates in Islington.

  110. kelsey says:

    Having read every comment today there are so many diverse topics and opinions as rarely seen before, that I have actually forgotten what I was about to comment on.

  111. kelsey says:

    Oh yes talking about ticket prices the other day this has nothing to do with it,but the old Battersea Power Station is now being redeveloped and the the cheapest studio one bed flat is 1 million pounds.

  112. stevepalmer1 says:

    Very apt i thought Kelsey, only the Arabs can afford them

  113. Gööner In Exile says:

    Is Emirates Airlines funded by Oil Money? I guess it is, but it is hard to argue that the deal struck for the original naming rights was not anything other than “arms length” just look at how we had to take such a low seasonal rate (from both Emirates and Nike for kit manufacturing) to ensure cash up front.

    I’d actually be interested to know how the stadium rights for the Etihad (City of Manchester Stadium) are split, because I thought City still rented their ground from the Council, so surely any rights should go to the Council not the club?

  114. neamman says:

    wahhh..this conversation is way too deep for me!!! I just know I am stuck with the Arsenal and they are stuck with me!!!

  115. Rasp says:

    GN5, if you’re reading, can you email me the pictures for tomorrow’s post separately as image files please. I normally find them on the internet but some of this week’s are obviously rare.

  116. Rasp says:

    Its OK, I’ve found a way round it – small loss of quality though

  117. GunnerN5 says:

    Sorry Rasp I just signed on.

  118. Domhuail says:

    IMHO Arsenal will continue to thrive whether or not other clubs oil up as you say, and here’s why:

    1) AFC’s scouting is still bringing in great future talent, and they will likely sell some of that in order to afford new transfers that allow them to match the oil clubs.

    2) Playing beautiful Football will ensure that they can compete even against the oiler clubs because there is NO guarantee that the large egos brought into those clkubs will play well together. City is a case in point…it took them 5 years to get it right maybe!

    3) If other clubs oil up, competition will shift from the top 4 to the top 6-7, where any one member of this group can win against any other member, unless that club’s spending is truly astronomical. Buying Messi and Ronaldo to play on the same team would be a very risky investment.

    4) The great leveller on the field is what officials do and how well they do it. Any one day, even the best can lose to a bad referee call.

    5) With so many more clubs paying the exorbitant fees demanded by the best players, there will be a serious lacuna and m,any mistakes made (a la Torres,Carroll etc.) Very average players will suddenly be offered extraordinary paydays…and it will be a feeding frenzy among teams trying to boost their chances to win silverware. This will dilute the quality of Football. Arsenal’s approach will stand the test of time but others won’t.

  119. MickyDidIt89 says:

    My last comment on yesterday

    Money wise, we are as vulgar and obscene as anyone. We take sponsorship money from anyone (I cannot explain the difference on a moral level between oil money and what we take from Barclays).

    I think if you have a problem with vulgar money, and follow Arsenal, then brush your morals under the table, and fess up to having a guilty pleasure 🙂

    Right……………..pole dancing 🙂

  120. MickyDidIt89 says:

    Nuts. Completely nuts.
    Long, but the beginning is enough..

  121. arnie says:

    Motning chums.

    Off on my travels again. This time not too far, just Cardiff. Participatuion will be minimal for two days. 😦 Will come in laters to read GN5’s stories. 🙂

  122. MickyDidIt89 says:

    Last one. Arctic surfing.

  123. arnie says:

    No hypocrisy, IMO. All different shades of grey. Some acceptable, others not so much. 🙂

  124. arnie says:

    wow. great stuff, Micky. 🙂

  125. MickyDidIt89 says:

    Oh jeepers
    We surf, like tonight probably, in lowest sea temperature of 8 degrees.
    In the Arctic it’s 0-1!!!! Throw in some minus shitballs wind and aaaargh

  126. arnie says:

    does not sound that brilliant to me, but must be fun as well. I am blissfully ignorant of such pleasures. I enjoy the clips that you and Chas link to, though. 🙂

  127. arnie says:

    I like your new name, SurfDude, courtesy GiE. My aim is to be a SurfDude like you in my next life. 🙂

  128. MickyDidIt89 says:

    Morning Arnie
    Chas said the other day about it being “cool”
    I absolutely promise you, I have never felt less cool than when surfing. Next to you is someone half your age, super fit, long blonde hair, and 100 times better.
    Not a good look at all.

  129. MickyDidIt89 says:

    Now for last surf comment.
    My son and I have often talked about small battery powered heat wires through a suit, so that you could wear something thinner in the winter. Just read this:

    “The idea for a heated wetsuit has been around for some time but our solution is beautifully simple. We have integrated into a number of products, a system of removeable re-usable heat pads. These can be activated while in the water when the winter chill starts to set in. The extra warmth in the crucial kidney area gives up to an hour of added surfing time.”

    Oh good, as long as it can keep my kidney going just a little longer so I get extra surf time, I’d be happy then to die!

  130. stevepalmer1 says:

    Supporters wanting Marquee signings like Mesut Ozil at 42 mill and Gareth Bale 86 mill will not care where the money comes from. After Ozil record signing supporters wanted more signings in the winter window, and many felt that Arsenal had let them down.

    I as well as lots of others felt that at Christmas we had a chance to clean up, but because we never manned up we left ourselves vulnerable,

    When you look at what comes through the turn style’s, say 50 mill that shows that after wages and overheads it is almost impossible for a club to buy more than one player.

    Sponsorship is a big part of football revenue, and TV rights also pays out big bucks, but when a clubs Profits is only at best 50 mill, it shows that big spending is not sustainable.

    Arsenal i think seems to be run very well, but i feel that Marquee signings are a flash in the pan.

    As you say if we oiled up and sponsored ourselves, FFP would not come into it. Many moan about our owner Kroenke, but at least we know mostly where his money comes from, but do we really care.

  131. Big Raddy says:

    Morning All

    Micky, 6.55

    That is the target when waking up beside the next Mrs Raddy (just joking dear – in the one in a million chance you read this, or any of your friends do!)

  132. Big Raddy says:

    I believe that AFC run at a loss. We make up for that loss through profits from player trading. Is this not so?

    In which case AFC have to find bigger and better commercial revenue in order to stop the ebb of players out of the club.

    This summer we shall release some big earners – Diaby, Dick Bendtner, Fabianski and a number of reserves

    Just realised….. I haven’t got a clue what my point is 😀

  133. kelsey says:

    The following questions were set in last year’s GED examination These are genuine answers (from 16 year olds)…………and they WILL breed.

    Q. Name the four seasons.
    A. Salt, pepper, mustard and vinegar.

    Q. How is dew formed?
    A. The sun shines down on the leaves and makes them perspire.

    Q. What causes the tides in the oceans?
    A. The tides are a fight between the earth and the moon. All water tends to flow towards the moon, because there is no water on the moon, and nature abhors a vacuum. I forget where the sun joins the fight.

    Q. In a democratic society, how important are elections?
    A. Very important. Sex can only happen when a male gets an election.

    Q. What are steroids?
    A. Things for keeping carpets still on the stairs. (Shoot yourself now , there is little hope).

    Q. Name a major disease associated with cigarettes.
    A. Premature death.

    Q. What is artificial insemination?
    A. When the farmer does it to the bull instead of the cow. Q. How can you delay milk turning sour?
    A. Keep it in the cow. (Simple, but brilliant)

    Q. How are the main 20 parts of the body categorised (e.g. The abdomen)?
    A. The body is consisted into 3 parts the brainium, the borax and the abdominal cavity. The brainium contains the brain, the borax contains the heart and lungs and the abdominal cavity contains the five bowels: A, E, I,O,U.. (wtf!
    Q. What is the fibula?
    A. A small lie.

    Q. What is the most common form of birth control?
    A. Most people prevent contraception by wearing a condominium (That would work)

    Q. What is a seizure?
    A. A Roman Emperor. (Julius Seizure, I came, I saw, I had a fit)

    Q. What is a terminal illness.
    A. When you are sick at the airport. (Irrefutable)

    Q. What does the word ‘benign’ mean?
    A. Benign is what you will be after you be eight. (brilliant)

  134. MickyDidIt89 says:

    Ha ha Raddy at 7:07
    I thought you may be able to turn my theory around to more pressing matters 🙂

    Loved your piece yesterday about the desert boys running out of oil, but you lost me completely when you suggested it may be diluted as a result of sharing it amongst their many wives. They haven’t fallen for that equal rights nonsense 🙂

  135. Big Raddy says:

    Benign 😀 😀

  136. MickyDidIt89 says:

    🙂 Kelsey

  137. chas says:

    Are you telling me you don’t feel cool with your board beneath your feet, skimming through the water like a smoking sea lion?

  138. Big Raddy says:

    “equal rights nonsense” LOL

  139. kelsey says:

    Don’t you think it’s also to do with the arabs wanting more of a footing and prestige in the western world/Europe like the Russians and now the Chinese.
    I wouldn’t be surprised a PL club taken over by a Chinese consortium,but then of course we have the Venkey’s who when they bought Blackburn didn’t know that clubs could be relegated(that is no joke,ask Shard )

  140. MickyDidIt89 says:

    Cool? No. Love it, yes.

    However things could change soon. In the winter, I’m in for 90 mins, but in the summer longer, and what I miss is a fag. Now, when you’ve paddled out, you sit on your board waiting for “your” wave. This summer, I plan to be the first surfer to whip a fag out of a unique waterproof pouch and light up.

    So, ask me again in July 🙂

  141. MickyDidIt89 says:


    I think you are spot on about the prestige in the case of AU. People say it’s about profit, but I don’t agree. Sure it’s a good, safe’ish investment, but I reckon AU likes two things. Money stashed in the UK, and buying into the establishment given that he’s a resident.

    Also agree the Chinese money will come. Give me an American any day of the week.

  142. MickyDidIt89 says:

    Back in a couple of hours, hopefully to be rewarded by a GN5 Special.

  143. RA says:


    I cannot see what was wrong with any of those answers – not sure about the questions.

  144. kelsey says:

    RA ,

    What questions ?

  145. White Bear says:

    fooking idiot, even I ran out of excuses for this front bottom

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