Ivan Gazidis had this to say about the financial results – released this evening.
Arsenal Holdings plc Chief Executive’s Report
Our journey as football fans will always feature a mix of strong emotions – that emotional connection is what makes our sport so compelling.
Last season we felt the disappointment of dropping out of the top four in the Premier League for the ﬁrst time in 20 seasons yet we added to our club’s great history by winning the Emirates FA Cup for the third time in four years. That run of league consistency in an era of ﬁerce competition was unprecedented and the joy of lifting the FA Cup for a record 13thtime (and the manner in which we won it) is undimmed and should bring us great
But we are Arsenal and expectations quite rightly run very high. Our overarching aim is to compete for and win trophies and, in particular, to win the Premier League. It is that goal which informs all the decisions we make across the Club, on and off the pitch.
In order to compete at the top, we need to strive to be better than our competitors in everything we do. That is why during the past season we have continued to make substantial investments to drive the club forward in areas such as analytics, scouting, psychology and medical and ﬁtness support as well as broad investments in our people capabilities throughout our Academy.
In addition we have transformed our training ground at London Colney, completed a total rebuild of our youth facilities at our Academy at Hale End and invested in a new Desso grass pitch for our youth and women’s teams at Boreham Wood. All our facilities are new state of the art. In total we will have spent £40 million on these building projects over the last three years, all with the aim of creating the optimal environment for us to develop and grow our players.
The development of our own players through our academy remains a priority for our football club. Ainsley Maitland-Niles and Jeff Reine-Adelaide have progressed into the ﬁrst team dressing room this season, joining the likes of Alex Iwobi, Hector Bellerin and Francis Coquelin who have recently made the same journey to become important members of our First Team squad. We have high hopes for other young players such as Reiss Nelson, Joe Willock and Eddie Nketiah, all of whom impressed on the pre-season tour to Sydney, Shanghai and Beijing.
At the top of the pyramid, we have also scaled up our investment in our First Team squad significantly in recent years, spending a net £203 million in transfer fees in the last three seasons (including a record £103 million last summer alone). This is coupled with an increase in our wage bill from £166 million to £199 million in the same period.
With few notable outward transfers during this period, our squad size had grown and we therefore had two major objectives for the summer transfer window. To add to the squad only where we could improve the quality of the players available to our manager – quality over quantity – and to reduce our overall squad size.
To that end, we secured Sead Kolasinac and Alexandre Lacazette, our two primary targets for this transfer window. We also transferred or loaned a number of squad players to enhance the efﬁciency of our spending, to generate transfer revenue for reinvestment into the team and in some cases (for example, as in the case of Emi Martinez) to aid their development.
At the same time, we retained Alexis Sanchez and Mesut Ozil and promoted new young talent from our Academy pipeline into the ﬁrst team. These decisions, taken as a whole, have again strengthened our squad for this season’s competitions. We will continue this long term approach of progressively reinvesting all our available revenue in our playing resources as we look forward.
“At the same time, we retained Alexis Sanchez and Mesut Ozil”
Is that a joke?
I’ve said this before but he’s not very intelligent. I am really baffled how he got his job and earns a 7 figure salary.
This is not ‘hate’ either, i am genuinely puzzled.
“retaining” Sanchez and Ozil and then watching them walk for free is not really a victory the CEO should be bragging about…
If they get us into the top 3 it is. Ozil hasn’t re-signed yet be he has t publicly stated he wanted to leave either. I expect us to resign him IF come December we are playing well and pushing for the title.
Sanchez is gone though!
I’m sure Stan is smiling. ?
“The development of our own players through our academy remains a priority for our football club.”
Here I think he meant to say:
“making boats loads of cash for our owner who is a renowned collector or ivory back scratchers and big cat fur and coming up with internal solutions remains a priority of our football club”
I wish he could read my bank statement to me. His spin ability would make me feel hopeful for my hopelessly indebted future!
I’m so dizzy from all this spinning!!!!!!
I just wanna punch him in the face. They word it so politically to defend them self.
What a cunt.
Yet you retained a manager who will never win the Premier League again
Retained ozil due to the fact no one wants him. Well done!
Noticeable here the lack of comment about AW.
Surely our manager should get more of a mention in a statement of this length and depth.
Tells of still the utter chaos there is at the top of our club
Just finished watching the Europa league game and the youngsters did really well…Nelson has a lot of pressure on his shoulders for a 17 year old but I think he’ll be fine…Willock and Maitland-Niles had really good games and are going to be good players. I can see Maitland- Niles being a very good player….had some bad games but seems to be learning and I’m impressed with this kid and proud at the same time.
No mention of trying to sell Alexis with a few hours left on the clock?
Or bidding a €100mill for a player you could have paid €60 mill for less than a month ago?
hahaha! this guy thinks we’re all a bunch of dumb dumbs!
At the very least don’t speak in meaningless corporate speak, Gazidis.
We also retained 60,000 seats in the stadium
Blah blah blah
This is a real demonstration of how backwards Arsenal is. Am very disappointed that the board only looks at making profits and literally forgets about winning trophies. Football business is dynamic now than ever before. All the big clubs are investing in players and that will ultimately win them trophies. With this mindset Arsenal will be in a position where even big players will never want to play at the Emirates. Very disappointing….
We “retained” Debuchy, too.
Hahahah Ivan is amazing, the worst part if he genuinely comes across like he believes what he’s saying. Its actually amazing, he might have missed his called as an actor or a con man!! Actually thinking about it he conned his way to this job and now he’s acting competent FML
Are the Arsenal players, Greyhounds or what?. This guy is taken the pis????. New types of grass. Maybe their horses. Does it make a difference what type of grass we play on football is football. And the comments on the transfer we achieved our targets Kolasniac and Lacazzette. Buy one get one free Lucky dip. Very interesting way of saying that we can meet our. Goal. Yeah interesting.?.
All that fodder and you picked the wrong one.