Posted by Gingers For Limpar on at 17:29
Arsenal could afford to buy two £25m players in January, says new AST report

The Arsenal Supporters’ Trust (AST) tonight unveils its analysis of the club’s financial position, following the recent publication of the accounts for financial year 2011-12.

Click here for the full report.

The document is a thoughtful look through the Arsenal’s situation, covering many aspects of the figures. Yet a couple of lines jumped out of the page:

  1. Arsenal could afford to buy two £25m players in the January transfer window, the AST says, even assuming that both were given six-figure weekly salaries.
  2. Arsenal pay their top stars around five times the amount of low-end squad members, while “most top clubs” pay over ten times the amount – according to AST estimates.
  3. The club’s income will burst through the £300m mark by 2014-15.

To clarify on the second point, the AST says it undertook extensive research to look at the wages of leading players (such as Toure, Tevez, Rooney etc.) and compared them to a team’s squad player number 25. The AST has previously questioned Arsenal’s Wenger-inspired policy of having a more equal wage sheet than other teams – “especially when it seems to leave the club burdened with players they then struggle to move on”.

Despite this burden, the AST’s analysis and projections effectively show Arsenal swimming in cash. Despite the club’s profits having recently come mostly from player trading (ie. selling first team footballers) and property sales, the AST calculates that it is still in a very strong position to strengthen the squad.

AST’s analysts estimate that the club has around £70m-£80m currently to spend. This, they argue, could cover two £25m players, plus the extra £5m or so the club would have to pay each of those two players in wages in their first year at the club (ie. this would total around £60m, leaving some cash to spare).

Of course, those players would significantly add to the club’s wage bill over subsequent years, too. Yet the AST says that with a massive chunk of new PL money to come before then, and improved commercial revenue due to the expiration of existing deals in 2014, the Arsenal will be able “to comfortably run a wage bill of close to £180m – a 60% wages/turnover payout compared to the present £143m (61%).”

“Arsenal have significant scope to further invest in their wage bill,” they say, adding: “Close your eyes, Theo.”

And if that’s not enough to whet your appetite, the AST reckons Arsene Wenger will have “at least a further £50m a year to spend on his team” in 2014, too.

The issue is, I believe, the extent to which overall wages keep spiking and thus eating into the club’s cash. While a wage bill of £180m per year may seem like plenty to us now, the rapid rate of increase in recent years suggests that it might be more modest – compared to Arsenal’s rivals – by 2014. The club inevitably hopes that Financial Fair Play will arrest this rate of wage hikes.

The AST is presenting its findings this evening. No doubt several people at the meeting will Tweet further details.

31 Responses to Arsenal could afford to buy two £25m players in January, says new AST report

  1. Wombledin says:

    08/10/2012 at 19:13

    As if Wenger is going to spend any of that 50m. They should sack him, pay him out, and get a Manager with real ambition to win the CL for Arsenal at last. But no, AFC now stands for “American’s Football Cashcow”.

    • Homer says:

      09/10/2012 at 21:12

      That’s the silliest thing I ever read.

    • Hapsoro says:

      10/10/2012 at 00:31


      -enough said-

    • Alex says:

      10/10/2012 at 00:41

      They’re having a good year and Wenger has finally brought in experience in all the key areas (central defence, midfield and up front). This is the most depth the squad has had since 05/06, and the most rounded out of the 4-3-3 era. To sack him now, when he seems to have turned the corner, would be more embarrassing than to come on a message board and spout ignorance under the pseudonym ‘Wombledin’ – you c*nt

  2. Linda Rynne says:

    08/10/2012 at 20:21

    Spend the lot on Falcao and we will win all round us and also make the money back from our wins. Don’t buy him and Ch or MC will and then we will be in trouble….

  3. Rasagooner says:

    09/10/2012 at 07:23

    @Wombledin – You are an idiot of an arsenal fan. Just shut up. Wenger should not be sacked. He has constantly guided Arsenal to respectable finishes despite the Club’s lack of funds compared to the likes of Chelsea and Man City. With Wilshire coming back, he will have arguably built the best midfield in the league and a great squad (with the right blend of young talent and experience) worthy of challenging for the title. We are currently doing well in the league and the CL.

    @Linda Rynne – When does Wenger ever spend 20m, let alone the 45m Falcao is worth, on any player. There is absolutely no possibility of this happening. We have just announced a healthy profit and the owners have clearly stated they want to stick to a sustainable business strategy so how on Earth are they going to spend 45m, which is completely against this strategy.

    • Dan says:

      09/10/2012 at 09:28

      Couldnt have put it better myself. Fans with this idea that Wenger is a cancer on the club are not fans at all. Sit down and shut up!!

  4. Ikabot says:

    09/10/2012 at 09:51

    What is a “£25m player”?

    The more you spend on a player, the better the player is? I did not realise that players’ footballing ability is derived from the size of their most recent transfer fee.

    Clearly Cazorla must be less than half the player that Carroll is.

    Quickly! Sack Wenger and replace him with Wombledin! Wenger is clearly incompetent, signing £15m players. I mean, how ARE we going to win the league with £15m players?

    But I have an idea of how Wombledin can save the day once we’re rid of the incompetent Frenchman. He should release the entire squad on free transfers and sign the entire Woking squad for fees in the region of £25m. We’ll be unstoppable then.

  5. wamberto says:

    09/10/2012 at 09:56

    Well said gooners.
    To spend £100m to win a £50m trophy isn’t great. Wenger is up against managers who throw money around and gets no credit frm media.
    Apart frm greedy players and shocking injuries to star players,arsenal would’ve won a trophy long ago.

  6. Bosco Jimmy says:

    09/10/2012 at 11:27

    I agree with other guy,s comment wenger should be sack direct bse he has
    done nothing in the market transfer, we espect a win each day but not losing, buy falco and good defender to strenthen the squad


    • Kevin says:

      09/10/2012 at 13:06

      I’ve no idea what you’re trying to say??
      I can see the word defender in there so I assume that you’re saying we need to buy one, if so then you’ve not watch and Arsenal game this season and have little or no idea of what football really is.
      As for the idiots that decide to “support” our club, leave them to it. They’ve no joy in them and it’s a win/win for us, the more they troll the more we can laugh at their public displays of stupidity and should we do well we get to enjoy the victory that they will despise at it proves them to be idiots.

    • Hapsoro says:

      10/10/2012 at 00:28

      Done NOTHING in the market transfer? Haahahahahaha
      stupid is stupid… enough said…

  7. Paris says:

    09/10/2012 at 11:57

    wenger is a good coach lets give him more chance

  8. Godfrey Oyema says:

    09/10/2012 at 13:30

    Wenger Wenger…what a coach he’s! He’s amazing coach have ever seen under the sun. Arsenal is on right truck..i can smell trophies coming,, i can see a lot more from this squad….some commentors are joke..why and who should Arsene??? for what??? Come on idiots shut up..and let true gooners stay gooners…in Wenger we believe

  9. khali mukwevho says:

    09/10/2012 at 15:06

    to hell with ya’ll who are saying Wenger must be sacked. Dats an opinion based on your stupidity. Atleast if u knew soccer u wer goin 2 talk some sense. Wenger is a good coach.

  10. Bouldy says:

    09/10/2012 at 15:56

    11m for cazorla and he plays like a 30+mil player is proof that you dont need big money to get class what is absolutely remarkable is that wenger has never spent 20mil on 1 player yet the list of world class talent he has got in 15years is unbelievable if you compare that with all the big 4 club managers over the years and see how much they’ve spent he deserves an award. If he was to spend 30+Mil though and shut some ungrateful afc fans it would b neymar all day no defence in the world could cope with afc attack.

  11. Santori says:

    09/10/2012 at 18:06

    If you expect to pay 25m quid for a player….it will cost you 25m quid.

    AST has quite obviously never gone to a camel market (except for the one where we bought Chamakh from)

    Why pay the higher price when you can get a Santi for 16M(ironically from high spending Malaga one might add)? Unless the value in the market dries up, there is no reason to push our tolerance level upwards.

    1) at the 25m level, it won’t make an iota of differance if one of the Petrorich clubs decide to compete. They can easily push the mark into the mid 30s

    2) we will set precedence with selling clubs as far as how much they know we are willing to(‘can’) pay and therefore, all our targets will exponentially increase in price according to narrative.

    3) if the issue is to stave off competition from the likes of lesser lights like (well let’s say) the Liverpools and Spurs of this world, well there should be plenty enough to recommend us above them (Sahin take note) on account of regular CL footy (which should be our minimum standard set)

    OTOH, we should in a season or two have the potential to increase the maximum tolerance level as far as price paid for player is concern.

    But as G4L is I believe trying to point out with his tongue firmly in his cheek, there will also be repercussions with regard our wage structure. An increase in top player wages will also affect an increase in those with ‘potential” and as Arsene would likely say, there is no guarantee that a Jenkinson or Song may come good in a season and then decide to leave because we are already stuck in with paying them at a lower rate for the duration of contract. You would then turn round and admonish Wenger for not having the wages of a sub par player at that point sufficiently high enough to stave off the wolves at the door.

    Also linked in would be the increasing disparity in terms of wages to waht certain clubs can pay and what other following like us have had to keep up with.

    It has meant a distortion in the current market place (reinforced with the soft economy and the impact however marginal of FFP…ask Milan)

    That is the main reason why ourfringe players are difficult to move on and have been kept on the boooks.

    And until these unwanted players who dilligently polish our bench collecting a pay cheque can be moved on, it will be difficult for Wenger to fully commit bringing someone in.

    Good article if a bit cheeky.;)

  12. deeznuttz says:

    09/10/2012 at 19:47

    Wenger has proven his ability to develop youngsters into star’s but the inability to keep them has always come under fire.There is no need trying to keep unloyal player’s yes they are successful elsewhere but we made them!! Wenger has made great choices regarding who to invest in and who not to. So honestly ”BELIEF IS MAKING THE IMPOSSIBLE, POSSIBLE!” in Arsene we trust… DURBAN GUNNERZ(SA)

  13. Fateen says:

    09/10/2012 at 22:03

    im gay and i want everyone here

  14. frans albert says:

    09/10/2012 at 22:13

    i am arsenal fan, and i believe inthe gunners.arsenal is the best team in world which plays best football and produced it stars, and knews how to mantain its financial accounts,

  15. tauckie says:

    09/10/2012 at 22:24

    i am urging mr Wenger to bring Falcao to arsenal in January, he is a best player and will make a difference in our team, i will die an arsenal fan in Wenger i believe, from Namibia

  16. t.argan says:

    09/10/2012 at 23:54


  17. Fateen says:

    10/10/2012 at 02:33

    I’ve changed my mind. I am now a transexual lesbian. I know this has nothing to do with Arsenal but I must share my status with the world.

  18. Kunle says:

    10/10/2012 at 07:04

    Cost of players not necessarily proportional to their performance… I think Arsenal has taught us how to swim across trouble without having to be sleepless. Good report. Weldone management! Weldone Arsene! Please do little more to start earning us trophies…

  19. kurzauefski says:

    10/10/2012 at 07:20

    Arsenal is stronger than the last year. The problem is that Totenham and Chelsea are much much stronger. I don’t believe that we would make it in the top 4 this season and the reason is Wenger. Every season he has millions to spend that he didn’t. Now the ship is sinking.

  20. Paul Davis says:

    10/10/2012 at 08:52

    guys let wimbledin have his say, i don’t agree with his opinion on the whole, but we are all entitled to have our say..let people speak who says if they are arsenal enough to say or not??. I’ve been goining regularly since 1970, struggle a bit now cos of finances but have stood my ground many a time for the arsenal over the years if you know what i mean so excuse me if I also think he actualy has a point in some ways, lets be honest, we have scrapped in 4th place or so in recent times when we all knew that some investment in the right areas would have brought success in the form of trophies, why wasnt it done, kronke? wenger? i believe it was the board, after all arsen didn’t mind spending years ago back in the wiltord type era. Yes we have strenghthend, but still feel we need an out an out striker (try theo!!)and options with height in midfield and possibly defense if the injuries come thick an fast again. Big squads are also required nowadays to win the league. Anyway, either way win or lose, always Arsenal. I remember when in the mid 70′s and 80s when we were awfull, still used to go every week. fans are spoilt nowadays, although the old days were better me thinks. COYG

  21. Ikabot says:

    10/10/2012 at 09:24

    The ship is not sinking. We’ve lost a single game all season, are still in all competitions, and top our CL group.

    Tottenham is a little bit stronger than last season. Dembele, Dempsey and Vertonghen were good acquisitions, but remember they lost Luca Modric.

    We are a lot stronger than last season. We lost Van Persie and Song, but added Wilshere, Diaby, Giroud, Podolski and Cazorla. Gervinho also seems to have settled now and the goals are starting to flow.

    With the following starting 11:

    Sagna Koscielny Vermaelen Gibbs
    Diaby Wilshere Arteta
    Cazorla Giroud Podolski

    Out of this starting 11, the only positions I’d take a player from another PL team in are Kompany for Koscielny and VanPersie/Balotelli for Giroud. Maybe Cashley for Gibbs, but even there, I don’t rate Gibbs as being that far behind Cashley. Plus Cashley’s getting old. Nobody else would make my Arsenal starting 11.

    In terms of depth, we can call on full internationals: Mertesacker, Santos, Djourou, Chamberlain, Rosicky, Arshavin, Walcott, Gervinho and Chamakh. We also have quality players like Jenkinson, Coquelin and the kid Gnabry that are building their reputations quite impressively.

    And this is my point. If we buy Falcao, Theo’s dream of playing centre forward for Arsenal slips a little further away. Giroud (top scorer in France last season) will get less game time. Gervinho (who would start every game for most teams in the PL) would get less game time. Chamakh would never play.

    Do you think Henry would have developed into the player he was for Arsenal if we had signed Crespo at the turn of the millennium?

    I tell you what. Why don’t we throw caution to the wind and buy this team:

    Sagna Kompany SergioRamos JordiAlba
    Wilshere Messi Khedira
    Cazorla Falcao Ronaldo

    Or maybe we could just live in the real world, trust our manager, have faith in our players, and get behind the team.

    • kurzauefski says:

      10/10/2012 at 11:15

      Koscielny/Vermaelen couple doesn’t work. They panic like kids together. Mertesacker must start for sure. He looks clumsy but he is always very well positioned and very calm. And when he plays the other being Koscielny or Vermaelen is calm also. Right now I even can’t choose the second center defender as they both made too much errors but Vermaelen looks a bit in front in my choice.

      The dept you are talking is illusional. Santos is very slow, Djourou and Chamakh are simply low quality players (I hope never see them in the team anymore), Rosicky is old, Arshavin doesn’t work for our team for some reason, Walcott is not consistent, Gervihno is stupid although he might be used as a reserve. The kids are ok, but they lack experience. I personally hoped for Ryo to stay in the club receiving more time for example. The worse is that if Arteta gets injured we are over until he returns. Last season we saw this if you remember.

      Your first 11 of the premier league are not going to end in top 3 for sure. I would only keep Arteta, Cazorla and maybe Mertesacker (Vidic if healthy is better, Kompany is surely better). For the rest players I would look in other teams.

      We clearly need another option in attack. I liked lorente very much but he is too similar with Giroud altough at least 3 times better. So I don’t see him in the club.
      Falcao is just a dream. We are not going to get him.
      I don’t know who we might take in front but we clearly needs one. Walcott and Gervinho are ineffective. They missed a lot. Podlski is much more useful as a winger. So We have Grioud as only option

      I would also want one more quality player in the center. Hesus Navas was an excellent option and I don’t know why Wenger didn’t follow it. I would give Walcott for Navas anyday anytime.

      I would not rely much on Diaby and would seek a player with Arteta’s profile in the winter.

      Defenders look all set for now if Sagna doesn’t leave. I think they deserve more time to work with Bould although we’ve seen some improvements already.

      Until Martinez doesn’t start to play for the men we are very vulnerable on goal keeper position also. Only Schezny , the rest is trash. One solid old goalkeeper like Mark Shwartzer would be very nice.

      Wenger had a lot of work to do to make our team competitive for top 3 but I simply doesn’t trust him anymore. And right now I can freely bet that we are not going to win anything valuable this season. (Premier league or Champions league). At best we might take Carlington cup which I personally valued after Audi Cup. We often laugh with friends talking about Carlington cup as “Micky mouse cup”.

      And hey, we are always in all competitions until March. This one is not going to make a difference especially if we don’t buy in the winter.

      • Ikabot says:

        10/10/2012 at 16:58

        Do you seriously not rate Wilshere? There is not a side in the PL that he wouldn’t be first choice in. The same goes for Sagna, Vermaelen and Diaby (who you would swap out given the chance). I am amazed at how little Arsenal fans think of their players.

    • kurzauefski says:

      11/10/2012 at 09:58

      Wilshere is coming from long injury. He has a lot to prove again. The potential is there, but sometimes such long injuries may end a carrier. Diaby is nowhere near the good players in the middle. He played 2 good games and injured again. These 2 good games are the only of this sort in his Arsenal carrier. Sagna broke his leg twice on one place. This might end his carrier. We have to see what is going to happen with him in the feature. Anyway I prefer Branislav Ivanovic for his spot. As for Vermaelen he is simply not stable enough. He makes too much expensive mistakes. The problem is that he is captain now. Otherwise I would not be wondered if he can’t make it in the starters.

      Let’s wish luck for all long term injured players. Even not the best in the premiership Arsenal is going to look different with them for sure.