Arsenal Rumours Archive July 10 2020

 

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10 Jul 2020 09:54:23
Greetings Ed's, hope everyone reading this is doing well in these unprecedented times.

With KSE now buying out Arsenal's Stadium Debts, does it mean it is only for easing some financial pressure in the short term? Also, does it make KSE more powerful than they already are considering Arsenal now owe money to them, which as I understood was not the case a few years ago under the "you spend what you earn" model.

Forgive me if I'm naive here but How does it change the financial conditions of the club? Is it by and large still under a huge problem or you see things easing because of this move coupled with a few profitable sales in the summer transfer window. Would love your two cents on this Eds. Also what do the other guys think about this?

#COYG.

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{Ed002's Note - It is a loan that defers payments that are due on the stadium so it gives relief as the club is in financial problems as you know. It means that payments that are due now and outstanding in the future will be owed to someone else and not immediately due - but they will still need to be paid at some point.}

10 Jul 2020 13:44:15
I imagined so Ed002, but got to hear it from the horse's mouth. Thanks anyways Ed 👌🏻.

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10 Jul 2020 19:11:30
A bit like Britain's wartime debts that were paid off over 60 years allowing lots of breathing space for investment and potential growth and prosperity through the years apoosed to David Cameron austerity approach that achieved nothing but pain and longterm problems. Sounds like happy news to me.

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{Ed001's Note - except that they were never paid and merely increased over time. That is why the UK is in such huge debt now mate. Debt is never a good thing, no matter how it is structured.}

10 Jul 2020 20:56:14
Very true Ed001 mate, being in the black is always preferably to being in the red but sometimes deferring the payments on debts in order to make yourself competitive is a far better choice than selling your van tools and house to be debt free with no means of income or anywhere to sleep, it's what you do about the debts when your flush again that makes the difference, if you spend spend spend and don't pay off then it's going to bite you on the bum at some stage.
Every single thing the Cameron touched turned to misery, he invented food banks ran down and under funded public services and brought short and long term misery to so many only to leave the country in more debt than when he took over. It isn't always how much you spend but what you spend on that matters. cutting your suit according to your cloth doesn't mean you have to wear rags but I wouldn't advise borrowing the money to buy really expensive cloth in the hope it will turn you into a George Clooney look a alike either ;-)

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{Ed001's Note - I do agree with you G62, just saying you aren't suddenly going to be flush with cash, Arsenal still have to be careful.}

10 Jul 2020 22:36:57
Totally Ed001 mate, we've managed our finances absolutely shockingly in the past paying out sentimental wages and extortionatly high wages to very very average players who had never achieved anything to warrant 100k + per week.
It's no good Just spending and hoping it comes good as untied have proved, one of the things I admire so much about Klopp is he turned things around while balancing the books and laid excellent foundations for the club to be able to invest big with confidence rather a hit and hope mentality or fan pacification.
It's all about being sensible in my opinion.

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{Ed001's Note - especially now.}