i am gun king

Chapter 294 Never Escape
Christian Wu then handed over an assessment report, and Li Yuxin found that it was similar to the memory of his previous life:

In 1999, Wenger participated in a joint letter to the board of directors on the plan for a new stadium. It has been five years since Arsenal moved to the Emirates Stadium. Compared with Highbury, which has a glorious history of 93 years, this stadium that can accommodate 6 people has not brought any championships to the team.However, as everyone knows, Arsenal’s construction of the Emirates Stadium has far-reaching significance. At that time, the club’s executive director Edelman said: “Our goal is to build Arsenal into a European giant. If we move into this stadium, our dream will come true.” "Either we risk building a course like this, or we die in the competition, and for a while, I think the idea of ​​a new course is crazy."

In fact, since the Gunners entered the Emirates Stadium in 2006, the club's operating income has risen in a straight line. In the 06-07 season, the first season of the new stadium, the operating income reached 2 billion pounds, an increase of 00843 million pounds, and the increase reached a jaw-dropping 6360 million pounds.In addition to their considerable improvement compared with themselves, Arsenal's operating income in the 6360-5000 season also surpassed Manchester United's 2006 pounds and Chelsea's 07 pounds, leading the Premier League. In the 1-678 season, Arsenal's revenue increased by 1 million compared with the previous year. The growth momentum has weakened because Arsenal's ticket prices have been greatly increased in the previous season, and naturally they cannot continue to rise. In addition, the financial crisis has made the real estate market sluggish. The club's real estate operating profit dropped from 528 million pounds last season to zero.

However, in the 2008-09 season, the Gunners' operating income reached 3 billion pounds, an increase of 13339 pounds over the same period last year, an increase of 9036%, and the after-tax profit also reached a record 9 million pounds.Operating income was pole-vaulted thanks to almost £40m in sales of Highbury Square apartments.Highbury Square Apartments, you heard me right, these apartments have been converted into a 3523-unit apartment complex in the old stands of Highbury Stadium.House prices range from 8800 to 725 million pounds per unit. Although the price is expensive, it is a dream for Arsenal fans. As Steve, who has been an Arsenal fan for 25 years, said: "I couldn't sleep at all during the first week of my stay. The only thing I could do was put my face on the glass window and look out in awe." Na taught us all a lesson.

Obviously, with the acquisition of bank loans, the completion of the Emirates Stadium, the development of Highbury Square Apartments and the year-on-year increase in profits, the total assets of the Gunners have increased steadily in recent years. In August 09, Forbes announced the value of football clubs. Arsenal ranked third after Manchester United and Real Madrid, with a total value of 8 billion US dollars and a total income of 3 million. However, the debt ratio was as high as 12%.

?The new stadium is derived from the annual repayment of 1800 million pounds. The team's expenditure is limited and reviewed every year.
It is true that although the ownership of the Emirates Stadium did not make Arsenal into abject poverty, but the operating income has blown out, but the salary of the Arsenal club is not high, and there is no big money to buy people. The Emirates Stadium should indeed pay part of the bill for this.

The loan to renovate Highbury began in 06. In order to transform the old stadium Highbury into apartments, Arsenal borrowed 1 million pounds from the bank, but the loan was repaid in 35. If interest rates are not calculated, Arsenal have to repay an average of more than 2010 million pounds in the past four years.The Gunners built the Emirates Stadium and borrowed 3400 million pounds from the bank. In Arsenal’s initial opportunity, as long as the Highbury apartment project was managed properly, it would not be a problem to pay the Emirates Stadium loan. However, due to the impact of the financial crisis, the apartments did not sell well. Of the 2 million pounds, 6 million are fixed-rate bonds due in 2, and the other 6 million are floating-rate bonds (the base rate is fixed), with a maximum repayment period of 2 years.After entering the Emirates Stadium, Arsenal's 1000 million loan entered a 2031-year installment period, and the annual interest rate was reduced to 5000%. This means that the Gunners have to repay at least 25 million pounds a year for this. In addition to Haibury's loan, Arsenal have to repay at least 2 million pounds in debt every year in the past four years.

As a result, Arsenal must undergo an annual repayment assessment and report to the bank their annual spending in the transfer market. It is precisely because of strict supervision that Arsenal's control of wages can be understood as long live the transfer market.Because if the team's income and expenditure are not balanced, it may lead to the inability to repay the loan. If it happens, it will be liquidated immediately, and heavyweight blows such as relegation and point deduction will follow.

Although for the well-earned Arsenal, the repayment of 1800 million pounds is not too much pressure. The Times optimistically predicted: "One Reyes (1700 million pounds) per season is not a problem."After the end of last season, Arsenal’s average attendance rate was 55000. You must know that the Emirates Stadium can accommodate 1800 people.

And Li Yuxin also remembers the major shortcomings of Arsenal summarized by the media in his previous life:
Highly indebted Gunners struggling to transform team

?Arsenal signings without big-name transfer market Wenger is careful
As the cost of the Emirates Stadium jumped from an initial estimate of 1 million pounds to 5 million pounds, the club had to extend the loan repayment period and seek financial balance in the transfer market.According to the data of the German media "Transfer Market", in the previous 4 seasons, Arsenal's average net investment in the transfer market was 7 million pounds!In contrast, although Manchester United made a net profit of 9 million from the sale of Ronaldo, their average net investment during the season was 421 million pounds, which was 8000 times that of Arsenal. In August 1471, the British media TransferLeague website announced the transfer income and expenditure of major clubs in the Premier League in the past nine years, and Arsenal ranked first from the bottom.

Arsenal's financial balance is closely related to their continuous sales of the core of the team. For example, the three captains Vieira (1370 million), Henry (1610 million) and Fabregas (3500 million) brought the team 6480 million income.On the other hand, the Gunners are careful in buying people. According to Wikipedia data, the team's three most valuable players are: Arshavin (1500 million), Chamberlain (1500 million, including additional terms) and Hleb (1326 million).Due to the additional clauses and the confidentiality of many transfer fees, it is still unclear who is the Arsenal bidder.But it is an indisputable fact that Arsenal have never bought players for more than 2000 million pounds.Although "Transfer Market" set Reyes' transfer fee at 3080 million pounds, the media generally believed that he only cost Arsenal 1050 million pounds, because the additional clauses could reach up to 1700 million pounds.

After the European Cup in 2008, Wenger was fascinated by Arshavin, who became a hit, but Zenit's price tag of 2300 million pounds for Arshavin forced Wenger to postpone his plan to buy the Russian until half a year later.Sure enough, even though Zenit has been sticking to the bottom line of 2000 million, at the last moment of the winter transfer window, Arsenal finally succeeded in buying it at a low price of 1500 million, which shows its penny-pinching nature.Van Persie cost 275 million pounds, Alexander Song got it for 100 million, and Chamark had zero transfer fee... These are all bargains Wenger bought with careful consideration.

However, the cash-strapped Wenger does not succeed in Taobao every time.For example, in the summer of 2009, they had a soft spot for Fiorentina midfielder Melo, but because Juventus paid 1800 million pounds in cash plus Marchionne, the Gunners lost the battle without any suspense. At the beginning of 2010, Wenger once hoped to win Fulham defender Smalling, but when he was hesitating whether the 700 million pounds was worth the money, Ferguson launched a lightning offensive. It is reported that the transfer fee is 700 million pounds, which can reach 1400 million according to the additional terms.For any club selling players, the higher the bid, the better.From this aspect, Arsenal is really not a good buyer, not at all as bold as Real Madrid and Manchester City.

?Arsenal's salary level is difficult to attract big names
酋长球场虽然直到2006年7月才竣工开业，但其实自2003年以来，阿森纳就不得不因为这个总造价为4。7亿英镑的浩大工程节衣缩食。2003-04赛季季前备战时，俱乐部甚至让球员乘坐最便宜的瑞安航空公司航班的经济舱前往奥地利。自2004年以来，阿森纳就开始严格控制球员薪水。2001年自由身加盟的坎贝尔曾以10万英镑周薪成为英超薪水最高的球员，但2004年他不得不接受薪水减半的工资调整。

Not every Arsenal player can tolerate the team’s harsh salary system. Ashley Cole has become the most unforgivable "money slave" in the hearts of Gunners fans, but the legendary goalkeeper Seaman confirmed: "Ashley has been mistreated by the club."Flamini was also forced to leave because his salary was too low. Arsenal promised him a pre-tax salary of 2006 a week (about 6 after tax), but AC Milan’s after-tax salary was as high as nearly 5 pounds. At that time, Wenger said helplessly: "We have a debt of 5 million yuan, so we must respect the salary structure, otherwise it may collapse. Although Flamini is gone, I will find a solution."

In the 2010-11 season, Arsenal's team salary expenditure was 1 million pounds, about 007% of Barcelona's, ranking 50th in Europe, but Arsenal's total operating income was as high as 10th.Arsenal's new contract for Nasri this summer stipulates that his weekly salary will rise to 5 pounds, but Manchester City's condition is 9. No wonder even Wenger thinks that Nasri should be understood for his high salary.Clichy, who joined Manchester City before Nasri, has also greatly improved his salary, from 18 pounds to 5 pounds.Assuming that Arsenal breaks the salary balance solely for Nasri, then Van Persie, Wilshere, Vermaelen and others are bound to propose salary increases in the future, and Arsenal's annual salary will be raised to a higher level. This is why Wenger prefers to buy young players: their wages are low.Due to the huge salary expenditure and debts, this makes Wenger dare not spend money to buy people.Wenger said: "The wage bill will remain at the same level until the debt to build the stadium is paid off." Wenger does not want to spend huge sums of money on signings to bring a heavier salary burden to the team: "Once we pay off the debt, then our wage bill can become higher. We will never rule the transfer market, because it not only costs money to buy players, but also pays players.

The veteran sticks to the one-year-one-sign principle and the Gunners refuse to pay for the veteran's risk
The wages of Arsenal players are low, and the veterans of the team have to endure the one-year insecure contract.Although Manchester United also implements this policy towards veterans, Ferguson has full trust in veterans, and is more humane and flexible in terms of specific operations, allowing Giggs, Scholes and Van der Sar to play for a long time at Old Trafford. It is difficult to find such a veteran in the Arsenal team. After all, not everyone can be as easy-going as the loyal Bergkamp.Reluctant to provide long-term contracts for veterans, this is more conducive to the team's free control of its "liquidity", and will not allow veterans to occupy salary space excessively.

There are many players who have been forced out by this policy. In May 2006, Pires signed a contract with Villarreal with a weekly salary of 5 pounds for 2 years, bidding farewell to Arsenal, who had played for 6 seasons.The same is true of Sol Campbell, another 2-game undefeated hero. He joined Portsmouth freely at the golden age of 4. The other party gave the Iron Guard, who had been selected to the best team of the Premier League three times, a 5-year contract with a weekly salary of 49 pounds.As a result, Campbell lived up to his trust. He played 31 league games in the Pompeii Army for 2 years and won the 5-3 FA Cup as captain.

Not all the veterans fell out with Wenger because of the contract period, and the club's measures to reduce the salary of the veterans also made many meritorious players helpless. In the summer of 2010, central defender Gallas hoped to sign a two-year contract with a weekly salary of 8, but Arsenal chairman Heywood quickly responded: "Our plan is far from Gallas' request, which makes it difficult for us to negotiate." "Daily Mirror" broke the news that Arsenal only wanted to give him a weekly salary of 4 pounds.The Iron Guard, who has played 101 times for Arsenal, joined rivals Tottenham Hotspur as a free agent. Although the contract is still signed once a year, the media revealed that his weekly salary is 5 pounds.After joining Tottenham, Gallas once became the captain of the team with his outstanding performance, and made Tottenham renew his contract with him for two years until it expired in the summer of 5.

It can be said that the difficult period for Arsenal is still inevitable. Historically, he already knew from Ji Dongna that after he crossed over, Arsenal signed Ozil, Sanchez and Petr Cech successively in 13 and 14 years before regaining their confidence. The two years of hard times for Arsenal are inevitable, but how much role can he play?
　Another update today, mainly to hope that everyone understands the situation of Arsenal in difficult times!Financial difficulties were the key to Arsenal's inability at the time. The professor is really amazing
　　
　
(End of this chapter)