I don't know the full details (so excuse me if I do miss a point or two), but Arsenal seem to have a very good set up. They have debt, yes. Debt which is not too far from ours. However, it is on a proper mortgage on the new stadium. It basically pays for itself. Many of us on here may have a mortgage on a property. Many of us have debt. But most of us (i'd hope) would have serviceable debt.
Arsenal have that.
The stadium pays for itself, offers a return to invest in new players (how much though? I am not sure) and still, their owners seem to be happy and are no doubt making a return too. The key to Arsenal, is that their stadium is built. If they didn't have that, I am pretty sure they would be in a very similair position to us.
So key for me is simple:
- They have to reduce the short term debt. It is too big, and not sustainable.
- Then take out a better, strucutred loan/mortgage for the new stadium. Obtain sponsorship for naming rights to fund the stadium also
- The club would then have a serviceable, manageable debt. This would allow the glob to grow organically, and provide investment on and off the pitch, as well as make a return for the owners
Anyone who thinks an Arab, Russian, or whoever is going to walk in with £600-700m+ to buy a new stadiumn out right, clear all debt, and invest in players? Must be living in dream land. The reason that the investment happened at City (and not ourselves?)
- City were MUCH cheaper to buy
- Already had a brand new stadium (Although I don't think City own it?)
- And would leave much more free cash to buy players/tailor the club/team to their needs/wants
Simialir thing happened with Chelsea too. Bought relatively cheap, and invested the remainder of their money in the team.
If someone like that bought Liverpool? You are talking in excess of £1billion before they even get anywhere.
Anyway, going off on a bit of tangent here now. My main point is that I want us to have owners who will invest properly in the club and in the team. Will make sure the stadium happens. And any debt placed on the club/stadium, is mananged and serviceable.