Arsenal Still Only Had A Limited Budget

For a couple of years regarding Stan Kroenke, I have said things change yet stay the same.

Many gooners felt the signing of Pepe proved the American was finally showing ambition. Yet in the final day of the window, we went back to putting value over what’s best for the team.

Everton waited seconds before the deadline to make an offer for Iwobi, yet, in reality, all parties would have been speaking throughout the day.

Instead of putting the money towards a defender or a late Zaha bid the priority has been to recoup some of the funds we spent.

Don’t get me wrong , we had to take 30-40 million for Iwobi, it would have been financially irresponsible to reject such a sum for a player who in 12 months time surely Everton would have realised is not worth that amount.

So the Iwobi money essentially covers the business we have done in the last 24 hours.

When you factor our other new faces are a loan signing, we won’t have to pay for Saliba till next year, etc, it means the only other money spent is the 6 million on Martinelli and the first 19 million installment owed to Lille. The 4 million for Ospina, 9 for Belick. 4 for Koscielny, 3 for Jenkinson, plus the sales of Ameachi, Asano, and Thompson cover that outlay.

Remember we still have time to make money as other windows are open elsewhere in Europe.

I do not mean to be negative at a time when my fellow gooners are positive. The fact is we are stronger then we were in Baku, we were never going to improve all areas in one summer.

No matter what funds he had, Raul Sanllehi deserves credit for being creative and thinking outside the box.

Yet his biggest achievement is making the fan base so happy that the majority have ignored the fact we stuck fairly close to the 45 million originally we were worried about.

I just want to see if the Iwobi money is used for Zaha in January, or this time next year we are not being reminded that we now have to factor in the Saliba money.

This has to be the start of something. I
just want to wait a couple more windows till I trust this owner…

Dan Smith

49 Comments

  1. gotanidea says:

    Kudos to Kroenke and his directors for doing the excellent business and maintaining the club’s financial health

    I guess they’d like to assess our attackers before getting Iwobi’s replacement for the LW position. This might be why they didn’t rush to get Zaha on the last day of the transfer window

    I predict we wouldn’t get any reinforcement in January, but they would surely get another marquee signing in the next summer. Probably a younger LW instead of Zaha, unless Zaha can prove himself again in this season and if Zaha’s price tag is lowered significantly

    1. Pein says:

      To be frank to that was some smart thinking from Raul and Co. When I heard about the Pepe deal I thought to my self, how on earth did Lille agree to such deal? It just shows excellent negotiation skills from our men and perhaps a little bit of luck. Now it’s up to Emery not to let their good work go to waste.

      1. ozziegunner says:

        Pein, the reason that Lille agreed to Arsenal paying for Pepe in instalments, is apparently due to the tax implications in France. Lille would have shown a massive profit if Pepe was sold for the full amount in the one financial year, which would be taxable. Lille are not a club to buy a £80 million player to reduce that profit; however by receiving instalments they may buy two £10 million players a season. For that season the instalment received from Arsenal would allow Lille to strengthen their squad with say one £10 million and two £5 million players and show a zero profit.

    2. Mogunna says:

      U forgot luis 8m, total of 33m but sold for over twice this amount.

      35M profit + 45M budget = 80M

      Creative as they are they should have brought needed players kouli sidibe…

      That trickery of payement plan had everyone happy filled with ambition.

      Reality; we had no budget with 45m and made money.

    3. Amit says:

      We made a profit or balanced the books almost for this year with Iwobi, and made ourselves accountable for 22mil+ pounds for next 4 windows. That is great deal of business I would say. Also, already wage bill is down by 100k+ a week, hope we reduce it more. Next year Saliba will come in, so we need to just invest in midfield with Dani loan getting over. Clear vision, that is what we needed

  2. NONNY says:

    Can’t just understand many of this article been written HERE..

    Please what do you mean by this statement, in the final day of the window, we went back to putting value over what’s best for the team.?

    I would like to know what is best for the team maybe I don’t know

    The only blunder I can see is letting lichstainer and jekinson go without getting a decent RB.

    1. Godswill says:

      Definitely. I don’t understand the essence of this article. We’ve never had it so good recently in a transfer window, yet because we did not throw away money someone is writing this article for me to read. Pepe better than Zaha. We could have paid 80m for him? No.

      1. Diogenes says:

        What is so difficult to understand?????

        1. Our spending was wise
        2. The net spend was lower than most poorer teams than us – exactly like foretold a few months ago by the media

        Just facts, nothing negative. The only negatives will be:
        a) if we don’t buy a top winger next year (unless Reiss Nelson surprises us this year)
        b) if Ceballos goes after one year, but we don’t buy a top quality replacement
        c) if we recoup some more money buy selling Mustafi, but go bargain hunting again next year

        But the spending was excellent. Just remember – next year we have already spent a large part of the budget on Saliba and the second installment for Pepe, meaning if Pepe flops (not likely, but still) will be in trouble again (again, unless Reiss Nelson improves or Saka progresses so fast).

    2. Dan says:

      Best for the team – a centre back

  3. NONNY says:

    Many here are crying for iwobi,ozil,mhki,Mustafi and xhaka to go yet when either goes many will still question the club’s decision we have mavro,holding,saliba and you think it’s best to add another 21yr old from budesliga for am insane amount of money not even as good as de ligt who went for lower amount is best for the club? Or is there something am missing

  4. S.J says:

    Best transfer window in England. Hope we see result

  5. Sam shak says:

    I don’t agree with you that Iwobi is not worth the amount Everton paid for him.

    1. Francis says:

      Everton was desperate and we made most of the situation…and don’t forget that Iwobi is home grown player…but the real question is was all of the money paid up front by Everton?

  6. Sip says:

    I am happy with the creativity and I think the Pepe signing shows other players we are still a team to consider playing for.

    The one thing I regret is that I see very little defensive improvement in this team. I don’t think David Luiz is the signing that is going to sort our defense and I am worried about this Thierney guy already being injured before he even joined us.

    But if it is true that we had only 40 or so million, we did well kicking the problem of finding a Ramsey replacement down the road and adding a potential world-class winger in Pepe which was our biggest need after fixing our defense.

    The fact that we had to sell is normal to me and the players we sold were not key players.

    I would say we are marginally better than last season in terms of squad strength.

    1. Jo Gunz says:

      The left wing corridor imo is going to be the epicenter for Gabriel Martinelli’s symphonic orchestra. That space will be his bonafide, embossed with his signature.

      1. Jo Gunz says:

        Reply to @Gotanidea??

    2. Durand says:

      We have Kola and Monreal at LB so not worried about Tierney. When he does play, we’ll get 10 years of play (hopeful he extends contract), not worried about 6 weeks.

      Tierney has played LB and RB, CB, LWB, DM, and LM and done well. Some of those were for national team and not just Celtic.

      He’s a stud and will be for a long time.

  7. Mobella says:

    it would have been financially irresponsible to reject such a sum for a player who in 12 months time surely Everton would have realised is not worth that amount. No wonder they called us the most entitled and negative fans in the whole world. Admin it is amateurish to think if you don’t right something positive about Arsenal you won’t get clicks. How do you know he is not a good value for the money paid by Everton go him or won’t be. We spent close to 150m that is how I see it. This scrutiny of how much we paid for x player and how much we spent total does not befit anybody called himself arsenal. I’m sure you are disappointed we spent that much and you are looking for a loophole that will justify the the 45m and lies you help media propagated. Well you can’t still have it your way if you can prove that RealM or United or Astonvilla paid in full100s millions reported they spent in this transfer season. Perhaps we should have given out those players you mention out for free in other to show the world we actually spend some money.

    1. NONNY says:

      Or probably we would have paid Everton to take iwobi in other to increase our summer spending, that sounds reasonable

    2. Mobella says:

      I don’t see anybody crying about manu budget or balancing the book it always arsenal and to see some of our fans blabbering about this make it pathetic. Adding and Subtracting in and out in manu people will be surprised they spend less than 50m. I have read several fans credited Chelsea for doing it and complain bitter about us for not adopting the same method in the past.

      1. Exactly! It’s puzzling why fans would expect the club to be making losses and still remain solvent, leave alone competitive.

    3. Tissiam says:

      I cannot disagree with you on anything you said,I also made my feelings known about all this negativity too,and you are also right about the budget!

  8. If we have managed to secure all those new players without spending money then that is a good thing! Please please please, leave the accounting and finance to the directors, they are the only ones who really know the financial position of this club!

    What does it matter we only spent £45M if we still got the players we needed??? Are we interested in seeing Arsenal get worldclass players or spend money?

    1. Taiwo4321 says:

      Need not say more. Long may this feeling continue …. I am super elated about the new season. What happens to winning the EPL and the EL? ??. Local man can dream ??? #COYG

  9. Samuel Akinsola Adebosin says:

    Let’s hope haven seen Arsenal had what looked to be a good summer signings, the club will perform very well in the Premier League during the first half of this season’s campaign to be among the four leaders who will be leading in the table before the 2nd half of the season begun. During which Arsenal could sign new players again to strengthen their squad to sustain the good position they’ve attained in the table and improved on it to finally finish in one of the top-four places which could be the number 1 spot at the end of the season. This should be the starting point from which Arsenal should start this season’s campaign with. Therefore, Us Gooners should not be talking of a 4th place finish now but start hoping Arsenal will have a winning start to their League campaign this season at Newcastle on Sunday and sustain the winning start to continuously be winning for a very long time during the campaign. It’s after us have seen this happened before us can start talking of Arsenal will finish in one of the top-four places next season but not prematurely start talking about it. But us could of course start talking about it now since it’s the set priority for the club to achieve at the end of the season.

  10. Sean Williams says:

    Sadly selling Iwobi made me think I wish we would have signed Nabil Fekir. It’s strange had we signed Fekir the Spuds would not have signed the excellent Giovanni lo Celso from Betis. They would have been weaker. That’s the only place I feel we are a little lacking. Creative midfield. Mkhitaryan is pretty uncreative. I hope Ceballos is the Santi clone we really need. A very good Window generally. Personally I think David Luiz is a great signing, but only when we have Bellerin and Tierney back. Natcho and particularly AMN will be our weak spot to start. But my biggest worry is Xhaka. He gave away the idiotic penalty against Brighton. He has no concentration and is stupidly impulsive. How I wish we had Fekir instead of Xhaka. It is as it is, but Xhaka can easily cost us a game.

    1. Tissiam says:

      So do I!Fekir was offered to us as a cut price,he is also good friend with Lacazette (l’équipe) i guess he wanted to join us but by that time we hadn’t sold enough players and there was the Ozil situation blocking the move anyway!

    2. Gizzle says:

      @ sean check out this guy called thiago mendez for lyon

  11. Tissiam says:

    You’ve just put a downer on what is a pretty good window!by the way it was always going to be zaha or Pepe not both, You’re just stirring the pot again,I think we’ve argued enough about the budget myself included,the reality is we had a better window than anyone expected even pundits are saying that we’ve done some very good business but the most important we have improved the team in every area, defence, middfied, attack except GK,we massively decreased our wage bill,got rid of Deadwood and made over 50M in players sales and every player wants to be at arsenal and we might even get rid of another 2 players and iwobi’s money could be used in January in case we suffer injuries and need reinforcement,what else do you want?COYG!

    1. Taiwo4321 says:

      Exactly ?. You surely do have sense

      1. Tissiam says:

        Thank you, really appreciated fellow gunner,COYG!

        1. ozziegunner says:

          ? ?

    2. NONNY says:

      If the club likes let them keep iwobi’s money we still are paying for our instalment deals even torriera fee is still been paid…
      We has a reasonably great window I wonder how anyone will comeup with an article like this..maybe we have whining/complaining for far too long that it has now become a culture

      How many players have we brought in, since this changes where put in place 9-11 player. Players that have improved us significantly

  12. Taiwo4321 says:

    Sometimes it is best to just read and laugh off some articles and comments.

    Its really not out of place being sentimental in feelings, comments and judgements when one’s love (as Arsenal represents to many of us) is involved. However, when professional or near professional reasoning is required, putting up posts or comments reeling of bias and sentiment may be out of order, considering posts are automatically intended to reach diverse audiences.

    The inconsistencies in judging and reporting outlay/inflow regarding Arsenal transfer business, particularly this summer stinks. I see it’s intentional, hence it amounts to fraud.

    We talk about Arsenal outlay on acquisitions recognizing piecemeal payments but we are happy to report inflow from sales as all monies received immediately or in advance. It’s a shame, ignorance can be easily forgiven but obviously not the case here. More than ever before, we now all know that most, if not all, transfer businesses by all clubs are paid for and/or received in installment.

    If you will throw it in our faces that our acquisitions are paid in installment, be honest and also tell us that sales receipt are also expected in installment with significant portions even conditional in the name of add-on (i.e. hinging on future occurrences, outcome and/or performance).

    Don’t lie to us to justify vague intention of arriving at “paper profit”. It’s an insult to anyone with even a faint knowledge of accounting.

    You may choose to report Arsenal transfer activities in absolute terms (total value of deal worth) for both inflow and outflow OR report real value paid and received in the immediate/future as well as add-on (conditional payment/receipt).

    I see the intention is just to colour Arsenal Management/Owners. We just had an unbelievable transfer businesses, let’s enjoy the euphoria in peace. We had longed to have these positive feelings for some years. #COYG

    1. Impenia says:

      Absolutely brilliant response. Couldn’t have said it any better.

    2. Tissiam says:

      You are right many clubs missed on their top targets, man utd missed on Juventus mandzudik because of the fee and his wages,spurs missed on Dyballa because they couldn’t afford his image right and asked Juventus for help which they refused,man utd again could not afford Dyballa’s wages either,Everton couldn’t afford zaha either I could go on all day,this is British football today prices have gone mad because of the likes of manure offering insane wages…I think we played a blinder with arsenal have no money,no one tried to play us because they really thought we had no miney

  13. NONNY says:

    It’s the way a successful clubs runs there afires In EPL only city have been able to spend uncontrollably with their highest sell at £34.5m.. we have to sell some fringe players to balance the books.

  14. Bruce Lee says:

    I ❤️ Kroenke

    1. Jay says:

      ‘For a player Everton will realise is not worth 40m in twelve month?’ That’s an I’ll minded statement. If you don’t value Iwobi and Everton values him at 40m all you can do is wish him well and accept that your opinion does not represent everyone’s. What if he improves(which I believe he will, because he is still young and developing) has a great season with Everton and his value increases? Wishing Iwobi fail so as to justify your delusional and hate-filled opinion is idiotic. Everton has agreed a fee of 40m for him and that’s his value in the market of today. Shame on you because he is no more available for your bashing. Move on man and deal with it. He has proven that he is worth more than your myopic valuation, and much more a true gooner than you’ll ever be. He has contributed 40m to the Arsenal and has even lifted arsenal to a better financial state in his departure.
      What is your contribution to the Arsenal? Moanings?

      1. Oscar says:

        I was searching for these exact write up.

        Thank you.

  15. Gizzle says:

    Iwobi is gone yet you still insult him . If Everton payed 100 million they value him at that why cry over it . When i say say the hatred for the boy runs deep people say i am just saying nonsense or say i must be Nigerian.
    The window was great . adding sidibe would have been wonderful
    replacing Xhaka would have made me blush (THIAGO MENDEZ of lyon).Getting rid of Miki would have added to my joy . Ozil better deliver this season with the players at his disposal .

  16. David Rusa says:

    I am equally perplexed by the essence of this article. What message does the writer wish to convey? Whether you pay for the player today or next year you will still spend money from your coffers. If the club makes good investment that is healthy for its future purchases and payments. If you spend every penny you make what will you invest to generate more revenue? It is simple economics that a financially sound institution must make sound investment. Arsenal has been able to sign good players because of the savings it has been making. So it is very ridiculous for anyone to be annoyed that we have made a profit on player sales! I would urge Admin to desist from the habit of turning this website into a haven of ignorance. Whoever is against investment cannot be respected by any serious person. I wish to reiterate my belief that hatred for Kroenke should not be used as an excuse to propagate ignorance. Let us always be rational and logical in our submissions

    1. ozziegunner says:

      ?

  17. @Jay and jizzle
    Also by actually wishing iwobi success for himself also helps us finacually likely though performance add ons.
    Just dont want him to succeed to much when playing us!!

  18. Val says:

    The fact is that all the top European clubs who have had the structure we have now in place, have been doing these deals for years.
    The clubs in the EPL are way behind them on that front but that is probably because of all the TV money the clubs get here
    #AVFC have smashed it and they have only just come up from the championship.
    Remember, making these types of deals has a knock on effect which means that in subsequent windows, we will not be able to spend as much, look at Liverpool this summer.
    The guy who wrote this article must have just woke up, realised he had no clean underwear and decided to write this article.
    Whether we had 45m budget or not , it doesn’t really matter now does it? The windows closed and we have upgraded areas of the team that needed it and by doing smart business .

    What does bother me is ppl slagging the Luiz deal, yea he can make a mistake, but everything else he has to offer the team is immense, he is a leader – we need one definitely, kos wasn’t a leader imo, he was above average defender that looked better than he was due to the players around him.
    The guy is a winner and wins wherever he has been, that’s just fact, that’s what this team needs.
    The future is bright, the future is red and white!

  19. ClassyGunner says:

    Dear admin, as fans strengthening the team is all that should matter to us. If it can be done without spending a lot of money then so much the better. Of course, they could have bought a few more players. But then would it be advisable to have so many new players in one window? Will the team gel?
    * Should we not be proud of the business The Arsenal has done this window?

  20. Jay says:

    ‘For a player Everton will realise is not worth 40m in twelve month?’ That’s an I’ll minded statement. If you don’t value Iwobi and Everton values him at 40m all you can do is wish him well and accept that your opinion does not represent everyone’s. What if he improves(which I believe he will, because he is still young and developing) has a great season with Everton and his value increases? Wishing Iwobi fail so as to justify your delusional and hate-filled opinion is idiotic. Everton has agreed a fee of 40m for him and that’s his value in the market of today. Shame on you because he is no more available for your bashing. Move on man and deal with it. He has proven that he is worth more than your myopic valuation, and much more a true gooner than you’ll ever be. He has contributed 40m to the Arsenal and has even lifted arsenal to a better financial state in his departure.
    What is your contribution to the Arsenal? Moanings?

  21. John says:

    Awesome job by Arsenal management to bring in the needed players at good terms for the club.

  22. Nero says:

    Admin martin and co..keep blocking out my comments ok..

    Keep moaning and spewing your hate on just arsenal, while the people in the real world, make things happen..lifes like football.. 22 players make things happen, 60k spectators sit on the side lines and moan and cheer, keep kepping on. Hateful moaners

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