Hill-Wood taunts Man Utd: Arsenal finances in better shape

Kelvin · 21st September 2008, 12:02

Arsenal chairman Peter Hill-Wood insists they're in better financial shape than champions Manchester United.

He said: “United have the same constraints as we have. They can’t fit any more into Old Trafford without the fans getting vertigo and not being able to see the game. They have much bigger debts with pretty hefty interest rates, which we don’t.

“The Glazers are not in a position to pump a lot more money into United. They haven’t put any money in anyway. They have basically taken it out and not put any back in as far as I can gather.”

izzydiggler · 21st September 2008, 12:13

Fans brag about trophies and success, not the financial state of the club. Arsenal haven't won a trophy in over 3 years.....perhaps Peter Hill-Wood should concentrate on using some of these finances on the goal of winning things.

rockerlad · 21st September 2008, 12:16

Quote:

Originally Posted by Kelvin

Arsenal chairman Peter Hill-Wood insists they're in better financial shape than champions Manchester United.

He said: “United have the same constraints as we have. They can’t fit any more into Old Trafford without the fans getting vertigo and not being able to see the game. They have much bigger debts with pretty hefty interest rates, which we don’t.

“The Glazers are not in a position to pump a lot more money into United. They haven’t put any money in anyway. They have basically taken it out and not put any back in as far as I can gather.”

What a grade A cock

1871_Biscuit · 21st September 2008, 12:19

OT can't be extended? Last time i looked, the south stand was hardly extended to capacity.

Raven_Blade · 21st September 2008, 12:44

He is a bit of a fool but their finances are in better shape.

EZee · 21st September 2008, 12:45

Quote:

Originally Posted by Cock Biscuit

OT can't be extended? Last time i looked, the south stand was hardly extended to capacity.

isnt there a small problem of a train track...

Dippersripper · 21st September 2008, 12:47

Quote:

Originally Posted by izzydiggler

Fans brag about trophies and success, not the financial state of the club. Arsenal haven't won a trophy in over 3 years.....perhaps Peter Hill-Wood should concentrate on using some of these finances on the goal of winning things.

What a stupid thing to say

JazzG · 21st September 2008, 12:49

He isn't taunting anyone what he has said in that is true, our finances are in much better shape (£300mill debt fixed at 5.2% compared I think it is £700mill debt on some parts I remember you lot are paying over 10% interest on some). Turnover wise very similar as well.

Haven't the fans here moaned in the past about the Glazers essentially not putting much into the club? Though in the past few years despite that your lot have spent a lot more than us, whether that is down to you having more money in reserve or our board and manager being a bunch of stingy cunts I don't know, personally would go with the stingy cunts theory....

Brwned · 21st September 2008, 12:51

Quote:

Originally Posted by JazzG

He isn't taunting anyone what he has said in that is true, our finances are in much better shape (£300mill debt fixed at 5.2% compared I think it is £700mill debt on some parts I remember you lot are paying over 10% interest on some). Turnover wise very similar as well.

Haven't the fans here moaned in the past about the Glazers essentially not putting much into the club? Though in the past few years despite that your lot have spent a lot more than us, whether that is down to you having more money in reserve or our board and manager being a bunch of stingy cunts I don't know, personally would go with the stingy cunts theory....

He's right in what he says, but he's wrong to say it in the first place.

JazzG · 21st September 2008, 12:54

This is a misleading thread as well because the full article isn't even posted. When we made our announcement a guy from the press could of asked him his opinion and comparison to Man utd's finances and he probably made this comment. You are right though I don't like it either when people start comparing and all that.

KingEric7 · 21st September 2008, 12:56

Quote:

Originally Posted by Cock Biscuit

OT can't be extended? Last time i looked, the south stand was hardly extended to capacity.

Aye, but unfortunately the railway running next to it makes it incredibly difficult to expand.

Kelvin · 21st September 2008, 12:56

i don't know, who the fuck he think he is to pass judgement on our finances.

kietotheworld · 21st September 2008, 13:00

Quote:

Originally Posted by Kelvin

i don't know, who the fuck he think he is to pass judgement on our finances.

He's a bloke expressing his opinion, he happens to be highly qualified to as a successful Premier League chairman, but even if he wasn't, everyone on this forum expresses opinions on things they are not qualified to.

Ander8on · 21st September 2008, 13:02

My finances are in better shape than Manchester United's - and thats saying something.

Truth is Hill-Wood is right, plus we dont know the context of the interview - the way it appears in this thread is that Hill-wood has gone knocking on the media's door to brag how healthy Arsenal are. In reality he could have been asked a question "If United can afford to spend big on player whilst paying debtors, why cant Arsenal", could be a simple as that really.

peterstorey · 21st September 2008, 13:05

He's actually talking to our fans who are saying things like 'we need a big foreign investor' pointing out that most of them are more interested in taking money out of clubs than putting it in.

EZee · 21st September 2008, 13:07

Quote:

Originally Posted by Kelvin

i don't know, who the fuck he think he is to pass judgement on our finances.

well in fairness its pretty obvious to anybody that we have a lot of debt... as we all know there is a "credit crunch" so refinancing these loans will get more expensive...

we have approx £700,000,000 debt... if the inmterest went up 0.5% thats an extra 3.5 million a year to find...

realistically as we have been turned down when we tried to refinance i think we could potentially be looking at 2% rise... (this has been the case with some non standard finance companies i work with when they are raising large sums from the city)... that would be about £14,000,000 a year... and thats a decent player a year less we can afford or the wages of 2 or 3 players...

if we had our debt fixed at the rates arsenal have we would probably be something like 15,000,000 a year better off... and if we had the same level and debt structure as arsenal we would be probably 30,000,000+ a year better off than we are...

i guess thats why hes passing judgement...

though i think the glazers will be forced to sell in the next 2 years if they continue to struggle with refinancing options

Ander8on · 21st September 2008, 13:09

Isn't that Philias Fogg looking bloke a Billionaire? Abramovich & these Arab chaps have really affected the way some fans think football clubs should be run.

MehdiMahdavikia · 21st September 2008, 13:48

Man City will be bust in three years or so if that, they can't run a Champions League wage bill with poor attendances and no Champions League football. Arab investors aren't going to want to be losing substantial amounts every year. Man City must have the worst business model imanginable, I don't anybody will be envious of them in a few years.

Leg-End · 21st September 2008, 13:50

Why does everyone feel the need to compare to us? Oh yeah because we are the best team in Europe/World.

Pogue Mahone · 21st September 2008, 13:54

Quote:

Originally Posted by peterstorey

He's actually talking to our fans who are saying things like 'we need a big foreign investor' pointing out that most of them are more interested in taking money out of clubs than putting it in.

Good point, well made.

Ridiculous headline to this thread.

Alex · 21st September 2008, 14:01

We also have a much better team, and much more success

cesc's_mullet · 21st September 2008, 14:29

Quote:

Originally Posted by Alex

We also have a much better team, and much more success

A much better team?

Alex · 21st September 2008, 14:34

Yeah when it's gets down to the important part of the season and all your players are gassed, you'll see why. You have a good first XI though

SittingBull · 21st September 2008, 15:03

Quote:

Originally Posted by cesc's_mullet

A much better team?

You want to compare trophies for the last 3 years or even over the history of our respective clubs to get an answer to your question??

Red Dreams · 21st September 2008, 15:06

not important what he says...we get the job done though.....

Marching · 21st September 2008, 15:14

Arsenal have been banking on making a killing from the re-development of Highbury....the credit crunch has certainly not helped them selling the apartments which will have a knock on effect to the clubs income.

cesc's_mullet · 21st September 2008, 15:30

Quote:

Originally Posted by SittingBull

You want to compare trophies for the last 3 years or even over the history of our respective clubs to get an answer to your question??

A much better team implies the respective teams being involved in the comparison. Now if you'd like me to explain to you what a team is, or how relevant teams/success from yester-year are, then let me know.

Because we're talking about now. And by the looks of things United don't have a much better side.

Ah, nice try though.

peterstorey · 21st September 2008, 15:30

Quote:

Originally Posted by Marching

Arsenal have been banking on making a killing from the re-development of Highbury....the credit crunch has certainly not helped them selling the apartments which will have a knock on effect to the clubs income.

Nah, we hoped to make £100M originally which rose to £200M when property was steaming on. We'll make a least the £100M probaly about £150M

EZee · 21st September 2008, 15:35

Quote:

Originally Posted by peterstorey

Nah, we hoped to make £100M originally which rose to £200M when property was steaming on. We'll make a least the £100M probaly about £150M

perhaps you will make it back up to 200 by selling fabrigas to city

mind you it doesnt seem to matter how much you lot make... you never seem to spend it anyway

peterstorey · 21st September 2008, 16:21

Quote:

Originally Posted by EZee

perhaps you will make it back up to 200 by selling fabrigas to city

mind you it doesnt seem to matter how much you lot make... you never seem to spend it anyway

City can't afford him they've only got a total budegt of about £500M and they've spent about £300M of that already.

1871_Biscuit · 21st September 2008, 16:47

21st September 2008, 12:02	#1 (permalink)
Kelvin First Team Regular Join Date: Jan 2006 Posts: 10,345	Hill-Wood taunts Man Utd: Arsenal finances in better shape Arsenal chairman Peter Hill-Wood insists they're in better financial shape than champions Manchester United. He said: “United have the same constraints as we have. They can’t fit any more into Old Trafford without the fans getting vertigo and not being able to see the game. They have much bigger debts with pretty hefty interest rates, which we don’t. “The Glazers are not in a position to pump a lot more money into United. They haven’t put any money in anyway. They have basically taken it out and not put any back in as far as I can gather.”

21st September 2008, 12:13	#2 (permalink)
izzydiggler Reserve Team Player Join Date: Jul 2006 Location: Outside Balague's bedroom door wearing a Michael Myers mask Posts: 818	Fans brag about trophies and success, not the financial state of the club. Arsenal haven't won a trophy in over 3 years.....perhaps Peter Hill-Wood should concentrate on using some of these finances on the goal of winning things.

21st September 2008, 12:19	#4 (permalink)
1871_Biscuit Cock Join Date: Aug 2007 Location: Reading, Berkshire ↕Viva Los Hombres de Galleta! Urzzz↕ Posts: 7,296	OT can't be extended? Last time i looked, the south stand was hardly extended to capacity.

21st September 2008, 12:44	#5 (permalink)
Raven_Blade Attention Whoring Common Crow Join Date: Jun 2004 Location: In Man Utd's Defence. Posts: 18,262	He is a bit of a fool but their finances are in better shape.

21st September 2008, 12:49	#8 (permalink)
JazzG Resident Arse. Join Date: Feb 2004 Posts: 5,632	He isn't taunting anyone what he has said in that is true, our finances are in much better shape (£300mill debt fixed at 5.2% compared I think it is £700mill debt on some parts I remember you lot are paying over 10% interest on some). Turnover wise very similar as well. Haven't the fans here moaned in the past about the Glazers essentially not putting much into the club? Though in the past few years despite that your lot have spent a lot more than us, whether that is down to you having more money in reserve or our board and manager being a bunch of stingy cunts I don't know, personally would go with the stingy cunts theory....

21st September 2008, 12:54	#10 (permalink)
JazzG Resident Arse. Join Date: Feb 2004 Posts: 5,632	This is a misleading thread as well because the full article isn't even posted. When we made our announcement a guy from the press could of asked him his opinion and comparison to Man utd's finances and he probably made this comment. You are right though I don't like it either when people start comparing and all that.

21st September 2008, 12:56	#12 (permalink)
Kelvin First Team Regular Join Date: Jan 2006 Posts: 10,345	i don't know, who the fuck he think he is to pass judgement on our finances.

21st September 2008, 13:02	#14 (permalink)
Ander8on Pissface Bob for another 12 months Join Date: Mar 2008 Location: Chorlton "Knowledge speaks, but Wisdom listens" Posts: 3,436	My finances are in better shape than Manchester United's - and thats saying something. Truth is Hill-Wood is right, plus we dont know the context of the interview - the way it appears in this thread is that Hill-wood has gone knocking on the media's door to brag how healthy Arsenal are. In reality he could have been asked a question "If United can afford to spend big on player whilst paying debtors, why cant Arsenal", could be a simple as that really.

21st September 2008, 13:05	#15 (permalink)
peterstorey Winner of the 'Most pompous arrogant pretentious Gooner' title 2004 Join Date: Nov 2002 Location: Happy those, who can remain at Highbury! Posts: 9,228	He's actually talking to our fans who are saying things like 'we need a big foreign investor' pointing out that most of them are more interested in taking money out of clubs than putting it in.

21st September 2008, 13:09	#17 (permalink)
Ander8on Pissface Bob for another 12 months Join Date: Mar 2008 Location: Chorlton "Knowledge speaks, but Wisdom listens" Posts: 3,436	Isn't that Philias Fogg looking bloke a Billionaire? Abramovich & these Arab chaps have really affected the way some fans think football clubs should be run.

21st September 2008, 13:48	#18 (permalink)
MehdiMahdavikia Reserve Team Player Join Date: Aug 2004 Location: "He's a rebel and he stands up to Bullies" Posts: 1,099	Man City will be bust in three years or so if that, they can't run a Champions League wage bill with poor attendances and no Champions League football. Arab investors aren't going to want to be losing substantial amounts every year. Man City must have the worst business model imanginable, I don't anybody will be envious of them in a few years.

21st September 2008, 13:50	#19 (permalink)
Leg-End Reserve Team Player Join Date: Sep 2004 Location: UK Posts: 1,006	Why does everyone feel the need to compare to us? Oh yeah because we are the best team in Europe/World.

21st September 2008, 14:01	#21 (permalink)
Alex Spam Alert! Join Date: Aug 2007 Location: Californication Posts: 21,247	We also have a much better team, and much more success

21st September 2008, 14:34	#23 (permalink)
Alex Spam Alert! Join Date: Aug 2007 Location: Californication Posts: 21,247	Yeah when it's gets down to the important part of the season and all your players are gassed, you'll see why. You have a good first XI though

21st September 2008, 15:06	#25 (permalink)
Red Dreams First Team Regular Join Date: Aug 2003 Location: Thunder Road to Old Trafford Posts: 10,850	not important what he says...we get the job done though.....

21st September 2008, 15:14	#26 (permalink)
Marching Active Admin Join Date: Apr 2001 Posts: 28,229	Arsenal have been banking on making a killing from the re-development of Highbury....the credit crunch has certainly not helped them selling the apartments which will have a knock on effect to the clubs income.

21st September 2008, 16:47	#31 (permalink)
1871_Biscuit Cock Join Date: Aug 2007 Location: Reading, Berkshire ↕Viva Los Hombres de Galleta! Urzzz↕ Posts: 7,296