Robert Peston has written a fascinating analysis of Arsenal’s finances. Peston’s analysis is always compelling, but this is particularly interesting on two accounts, one, it contradicts the commonly held perception that Arsenal is one of the most effectively run football clubs, particularly in terms of finance in the UK. Two, it also poses Alisher Usmanov, the man feared by Arsenal fans as the next Abramovich and a threat to the unique heritage of their club, as quite a sensible chap on monetary issues.
It also provides a further back drop to the sale of Emmanuel Adebayor and pending transfer of Kolo Toure to Man City, although admittedly the prospect of over £40 million for these two players would be too good to turn down for most clubs.
Tuesday, 28 July 2009
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