Ivan Gazidis believes Premier League clubs are increasingly looking towards Arsenal’s self-sustaining financial model as UEFA’s Financial Fair Play rules begin to influence spending patterns.
Banging the drum for a policy which has long been the norm at the Emirates, the Gunners CEO stressed that football must learn the lessons from those businesses which have suffered during the global economic downturn.
Speaking to BBC Radio 5Live, Gazidis picked up where he left off in his statement on the club’s recent financial results.
“Arsenal were operating this way a long time before football looked at it and decided it would be a good path for football to move into.
“I think people believe money can be spent without consequence and if we learnt anything from the financial crisis the world has had over the last few years it has to be unsustainable spending and unsustainable environments don’t last forever.
“I think football is in a fantastic position to address this because we are in a position where I am very optimistic for the future of football. The revenues the game generates, particularly the Premier League’s position, is fantastic. This is a very successful UK industry and it deserves a lot of credit for that.
“This is a great time for us, when things are going well, to address issues of unsustainability while we can because as we’ve learned addressing them from a position of weakness is never a satisfactory way to do it.
“The Premier League owners are coming together: I think there is a developing consensus around the fact we need some form of tighter financial regulations to make sure as we look forward that the interest of the Premier League, its clubs and the fans are well protected.
“(And) we are running our league on a sound financial business model and taking advantage of what this league has to become the world’s leading sports league.”
While it’s great to hear that a unanimity in the way Premier League clubs operate is edging closer, it doesn’t hide the fact that while Arsenal have acted like the conservative squirrel hoarding for winter, several other clubs have gorged themselves stupid during the summer and still found themselves with a surplus of nuts worthy of a Snickers factory.
Fingers crossed the nuts of our rivals will eventually be crushed into smithereens while ours remain plentiful and full of goodness. Or something.
So basically we are broke?!?!
Eh? Where did you get that from?!
Your name should have clued me in…….don’t know why i set myself up to expect more from you.
That’s easily explained, im Dumb, you’re dumber!!! lol
*has. English!
Sorry wrong correction I made there. My english teacher won’t be proud.
Despite the very public accounts showing that we aren’t….. Good grief
If there’s a snow ball chance in hell that the fair play rules get implemented to the letter without them sugar daddy clubs finding a way around it then i’d say Arsenal – would be sitting comfortably, no adjustments needed, just keep doing what we’re doing right now and it’s game on. Meanwhile at shitteh, sheikh Mansour is browning his whites.
well, hate to break it to you, there is no chance of a snowball in hell. This people will always find a way to circumvent the rules. The only thing that can stop them is for them to go the way of Rangers et al.
“This people will always find a way to circumvent the rules”……so all this has already happened before?. Almost like you’re against the whole idea mate. Better fifa try and implement it or should they just sit on their arses and watch football spiral out of control?. I’ll go with the first one. Better half perfect than nothing at all!
sorry but according to the swiss ramble ere not actually that well off on a buisne point of view a example as buyan munich made 161mill last year in commercial streams e made…46mill roughly and thats not at all a one off club beating us there utd do it chelsea do the spanish duo and so on yes we have a buttload of cash, 154mill but as most of our profits are big name sales like cesc nasri rvp song and such im afraid we may well need it unless we get a sizeable increase in commercial buy more arsenal… Read more »
Eh?…….hehe.
What? Chelsea don’t generate more revenue than we do, do they? I was always under the impression that they were just richer in the first place. Look, Bayern Munich are the biggest club in Germany, and easily one of the biggest in Europe, so this isn’t exactly mind-blowing stuff. Besides, I believe – from frequently perusing this most esteemed blog – that we have been stuck with a long-term sponsorship contract for a while now, which stemmed from our building the new Stadium. Once we see it out, we are in a great position to go out and find a… Read more »
That’s not quite what swiss ramble said. It’s more a case of we’re doing well and will be doing very well when we get our arse in gear with the commercial sponsorship deals. Especially the shirt/kit and stadium naming.
It also says that the big spanish 2 will always be very big (by far the biggest in spain and their history means they have a big following world wide) but the gap will be much closer when the spanish league sorts out a combined TV deal rather than the present individual deals.
Will big companies still be willing or able to afford the big sponsorship deals that we all seem to be expecting to sign in a year or two? There is a recession on, after all. I hope like fuck that Sky and ESPN et al are in robust health. If we don’t have TV companies bidding silly money against eachother for the rights to the Premier League each time the contract needs to be renewed then we are going to see a rather large bubble burst that will shoot down three quarters of the PL clubs, and cause the sugar… Read more »
.. like a broken record. Same questions, same answers..
Someone really ought to ask different questions.
Didn’t you say something about reading what is written and not reading what you think is written in this mornings blog Andrew> Thought so.
Try again Dumb & Dumber.
Him and Arsene should interview each other
I doubt Arsene speaks bullshit.
Wenger and Ivan talks; awesome revenues
Played
I would like to ask him how he has merited almost 1m pay rise. I would genuinely like to know what he has done to earn such a bonus.
Probably not a lot, perhaps he’s using Walcott’s agent! As a rough rule of thumb, CEO pay equates to about 1% of turnover, so Gazidis remuneration is about the right level by the market. It beggars belief what he’ll earn when Arsenal win something. Let’s not forget Wenger takes home around 3x more. It does however, make a bit of a mockery about the, “Not paying dividends” line, when in fact the executive team, including Kronke, are more than compensated with loads of lovely cash.
Kronkes return on investment by salary is tiny. If your saving returned so little you’d move it elsewhere in a heartbeat.
Every time I see that face of his, I just want to punch him in the mouth. I can’t stand the guy, with his double speak and nonchalant attitude towards the club.
I wouldn’t go that far lol, but he definitely needs a kick up the arse given our lacklustre commercial performance.
The commercial performance that increased over the year and will do again, especially when we can negotiate better sponsorship?
Everything is relative – even with said increase, we trail behind pretty much every big fish in the European pond.
We weren’t even trying to compete commercially with them until recently. When you start a race 100 yards behind the field with your feet tied together it takes a while to catch up. I can understand fans wanting instant success on the pitch, but how fucking daft do you have to be to think moving a company from being a local business to a global one can be done overnight? What do you need to grow market share? A high profile in the marketplace. What gets you a high profile in the football marketplace? Being winners What makes you winners… Read more »
He could be one of the Millibands. A lost brother or something
I think he’s simpsons long lost brother. Bald and i’m sure he’s got two or three hairs hanging about in that head of his.
I just hope UEFA will have the balls to punish some big team for falling foul of ffp. If not .UEFA will be seen as a barking dog with no bite. Btw some crooked and enterprising lawyers are waiting for chance to make millions by fighting for a big team in the docks.
To this I say UEFA must say its decisions are not to be challenged and make the penalty very painful by ejecting such a team from its competitions especially the money spinning cl.On then will its authority be respected.
Uefa is just a big corp. They just care for the money and I am sure that if rules will be implemented for real, than very soon we will have some kinda of football NBA league and that will mean the end of the Game as we know it. At least there won’t be serious international football anymore and I dnt know how good that is cos World Cup is still bigger and more important then and league in the world.
UEFA must make entry to their competitions only available to clubs that can prove their financial wellbeing and honesty. There may be international laws guaranteeing working conditions, etc etc, but the admittance to a competition run by UEFA should be by invitation only, just like when I invite friends to my home. If you aren’t invited then you can’t come in, and the law cannot make me change my mind. There should be no LEGAL requirement for UEFA to accept any team into it’s competitions, and so there should be no way to use any law to fight their decision… Read more »
That is all nice and rosy but, you can just name yourself the supreme ruler of all that you survey. IF u make a decision on a club they have a right to challenge your judgement.
See my post above. I don’t believe inclusion in any UEFA competition is a legal right, and therefore exclusion cannot be legally challenged. A club might be able to make a plea to be allowed in if excluded, but not a legal challenge. That is my understanding of how it “should” work. If I’m wrong, well fuck me, we’ve been robbed of a perfectly good SPORT and given a shitty and corrupt business run by cunts in it’s place.
“In Arsene we trust” yeah we trusted the titanic and look how that turned out !
Like what you did with the ICE BERG and titanic reference, clever …. Shame about the comparison though, seems a bit dire for the day be TGIF
Do you ever get sick of spewing that crap?
This would work….IF….. Arsene Wenger had ever been declared unsinkable.
And there was me thinking we were just about to spunk £45mil on Falcao…. Does mean that the newspapers have reported something which might not be true? How strange.
He’s on over £2m a year.
Therefore, he is taking the piss.
Away with him, he’s an expensive sock-puppet to keep Kronke happy by talking to the press. We already have Hill Wood’s bat-phone to the Daily Star for that, thanks very much.
Kroenke: “what?, what? I couldn’t hear you over the slam dunk lebron james just made”.
Fucking twat probably enjoying himself in the state, his hands far up gazidis arse that he’s got him moving his mouth like his puppet. Winning is all I care for, arsene knows….shut up Gazidis!
Two above, go away. Fact is Arsenal are a very successful business and for the past few seasons a pretty successful football team. It looks as though finally we are on an upwards curve football team wise after the plateau of recent times (but 3/4th in prem + regular knock out cl isn’t too shabby). Let’s see what we achieve by way of new sponsorship and if we end up re-investing to make the squad even stronger then re-analyse where The Arsenal sit versus the likes of Man U, Chelsea, Man City. Personally very happy we haven’t sold our soul… Read more »
Sorry meant go away Denice Bergkamp not SHUGGIETODD but someone snuck in between! Do one Denice you schlag.
I know that you’re a sensitive bunch on here, but I was puzzled as to what I’d said wrong! Anyways I agree with your comments on not having a sugar daddy. Poldi, Santi, Jenks and many others are proof that you don’t have to spend tens of millions to get quality. I think (and I’m often wrong), that it’s partly our constant presence in the Champions League which helps to attract these players (and AW’s eagle-eye). LIverpool, Spurs and several other clubs regularly spend more because they haven’t got that lure and need to. Hasn’t done them much good though… Read more »
@anton. As a CEO he has done exactly what the board has asked of him, he has made profits that’s why he gets his bonus. It’s not about winning things at arsenal anymore. That’s why we consistently sell players and will continue to do so as its the only way we can generate a profit for the time being. Fair play will come in, some clubs will get around it and arsenal will follow it by the book. I have no objection to making a profit but let’s see in January when we may need another striker to kick on… Read more »
I am not a pessimist but I think we are already late. We need players now!
bigger issue is when ffp comes in, whos gunna be able to pay 30 40 mill for our pplayer to balance our profit/loss? given were almost completely ales based for making money
Good point. Maybe we’ll sell players to Arabs and Asians directly to their leagues 🙂
Or maybe our commercial team will have finally sorted out the big deals which should make more per year than the big sales have done.
Call me sentimental, but every time football gets referred to as an ‘industry’ or equivalent, a little bit of me dies. Let’s hope that FFP gives us some sort of competetive financial advantage if not the Franco-Manc crushing effect we hope it will.
A usual, the South African who knows nothing about the culture of English football is talking bollocks. For a start, Financial Fair Play simply won’t work. Man City, Chelsea, PSG and the others are already making plans to circumvent Platini’s laudable but unworkable scheme. Any clever accountant can run rings around it. Deep down Gazidis knows the truth, but as he’s being paid two million quid a year to spout this bullshit, he’ll just keep telling gullible fans what they want to hear. It’s strange, isn’t it, that Gazidis won’t explain just why the club prefers to sit on huge… Read more »
I agree but please explain why on this forum most of the fans are very happy with how we started our season and it looks like they dnt care much about the fact that Arsenal is playing without 3 main players from the last season (at least who where involved in the most of our goals last season) ?
“Arsenal is playing without 3 main players from last season”……..now I don’t know about that but I do know we could still play well without the services of a deleluded fan!
“Any clever accountant can run rings around it”.
It’s all carefully worded by one of the cleverest accountants (deloitte) and should be very difficult to circumvent.
Not necessarily impossible but certainly not easy.
I’m wholly behind our self sustaining model but I just don’t trust Gazidis at all; he talks politically correct while pocketing the (2nd?)biggest package of any CEO in an EPL with the likes of the Manc duo, Chelski and Liverpool. While we are talking wage ceilings for players, and are selling some of our best talent to enforce the same, what justifies the CEO paying himself huge bonuses (mainly) from the sale of players? It’s akin to cannibalism, methinks. It’s just wrong.
People seem to be forgetting what is going to be happening with Arsenal in the next couple of years dispite of our poor deals and our commercial revenue and we should be cheering because in a couple of yours when the likes of Manu are struggling with debt with will be laughing…..don’t believe me? 2013/14 shirts and naming rights renewal that has got to be at least another 30-50m a season to our coffers. 2013/14 premier league new deal occurs (3bn one with sky and BT) and apparently that gives each club a 30-40m a year extra a season then… Read more »
Maverick I hope your right, but all the things you listed there are exactly the reasons stan invested in the club. He knows big money is coming into our club and will be taking a lot if not most of the new income. Why else has he bought us? He clearly is not a fan, and we only really keep our head above water because of players sales. What stan has in store for the club will only become obvious when these new deals come to fruition and I doubt as you say that we are all of a sudden… Read more »
They are not allowed to take money out of the club and there is signed documentation saying so, the only way they can take out money is by selling shares so it makes sense that in order to make share prices rise they need to be successful on and off the pitch!! Arsenal don’t pay dividends and it is usmanov that wants to do this which is why the board dont want him on the board but people feel like he is our saviour…..but in reality he is asking the club to do the exact opposite the fans want but… Read more »
Thank God that we have somebody over 20 on this forum. 🙂 I hope you are right but I agree Voldermort in not trusting Stan or Usmanov… or Gazidis at all.
Lapidarij, who do you trust? Who have you decided should be the man that makes all the decisions for us and our team?
Ok mate lets see. I’m no accountant so will take what you say as gospel. But somewhere some how along the line stan will take more money from this club than he has ever put in.
He has absolutely no interest in our club as a fan, he don’t attend games, he has no history of football.
It’s profit pure and simple, and some day down the line it will come apparant. Wether that takes a change in rules or whatever but he will take money from this club.
He’ll make his money when/if he sells his shares in the club, thats why he will do his absoluute best to make the club successful and raise its stock…
Financial success and success on the pitch are two different things. Financially, the club is in a great position – that’s why its share price has substantially risen over the last three years. The fact that the club has huge reserves of money that it won’t spend has massively added to its share price.
Kroenke simply doesn’t care about success on the pitch. We are making fantastic money without winning anything.
Your logic doesn’t wash.
“Financial success and success on the pitch are two different things”.
Fatgooner, despite being in a good financial position business wise, it would be much better if we had more sucess on the pitch.
Just look at the jump in revenue for the chavs winning the CL.
It make sense for Stan to really want us to be sucessful.
He is not prepared to speculate in order to accumulate. Chelsea won the Champions’ League because they threw enough money at it. The logic at Arsenal appears to be that somehow you can win major trophies while selling your best players. You can’t.
Fatgooner, when is Stan going to start raking in the massive profits from all of the sales we have made since he took over ? If he were up to dirty tricks as you suggest then would he not have taken the cash from all of the sales we have made BEFORE any of that money got spent on buying replacement players? Or would you like to change your declaration to “Well, he does want us to be a little bit successful, but….” You are trying to force a square peg into a round hole to prove your hate of… Read more »
Great job so far. Selling our best players year on year. Raising prices to the dearest in world football in a recession. Season ticket waiting at its lowest for 20 years. No trophies. it’s only the magic of wenger that keeps the club in the position it’s in. If by that you mean his absolute best then fucking hell lets hope he don’t take his eye off the ball then eh.
You’re dead right, thats exactly why Wenger is paid so well, because without him we would be fucked !!!!!!!!
Profits,check.
Players sold,check.
Winning Mentality,what’s that?
Trophies,some day..some day..
don’t wanna be a sourpuss,but we are the real kings of london. i hope these guys realise this.
Lets hope arsene stays and signs a deal then. Because the other clowns at the club do not have a fucking clue what it’s like to be a football person. A football club is more than about just profits and had we invested in the right areas a year or two back when we were so close then the club would be making even more profits. As it is now we take one step forward two steps back. We now have the best midfield in the league, a defence to compete with most, the only thing missing is a player… Read more »
if RVP stayed we would prob would not have gone out and signed podolski or cazorla.. his fee was what paid for them.. they were replacements despite what Wenger will have you believe
Am I the only one that laughs out loud when the words ” giroud ” and ” come good ” are placed in the same sentence?
Yes, you are. The other people who think the same about Giroud as you laugh quietly so that people won’t think they are fuckwits.
smooth operator is Gazidis… teams are always going to find a way to circumvent these ffp rules tho. Take City’s stadium deal for example.. It’s just a fact of life we are going to have to deal with.. Keep getting managers like Wenger who bring in the Cazorlas, Artetas, Mertesackers, Podolskis etc. of the world on shoestring budgets
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Arsene Wenger saw RVP at the mall and refused to greet him, the Dutch cunt almost cried watch video at, I can’t stop laughing http://profitsee.org/ref.php?page=act/ref&invcod=32135