To be fair, Arsenal aren’t on the verge of financial collapse. Sales of STs will halve pending return from Championship. These are the first set of financial results for ‘Arsenal Football Club PLC’ under the private ownership of Stan Kroenke’s KSE and have been made available via Companies House. This includes playing staff, training staff, administrative staff and ground staff. I have watched footy for many years and I have never seen open spaces like these bunch of fucks leave for opposition teams to break forward into. 2018. Commenting on the accounts the club’s chairman, Sir Chips Keswick, said: “Our player trading profit for this financial year was limited and this combined with a second consecutive season of Europa League football has meant the club recorded its first overall loss since 2002. So again, no. I’m going to support our Publishing Accounts team for a while…:-). Arsenal Football Club During the year there was limited activity in the Group’s property development business. The same is true of the U23’s. Basically, we couldn’t set the price of this season’s tickets until we knew if we had Champions League football or not. I’m absolutely sick of watching Our players who just do fuck all. Find out about and download previous Annual Reports for Tottenham Hotspur dating back until 2006 and Interim Reports between 2006 and 2010. Financial Statements and Reports 2019/2020: download here Financial Statements and Reports 2018/2019: download here Financial Statements and Reports 2017/2018: download here 2016. Incompetent players. Not considering the possible impact of relegation to the championship as another potential down turn in club revenue then big and little Enos??? If this season is lost then why not throw some players in the flames to prepare them for next season. Name and Address of Noteholder(s) Original Current Payment Frequency How Secured or Endorsed Balance Balance Amount (monthly,etc.) Absolutely no ambition. We look forward to his analysis. Main Switchboard: 020 7619 5003 Contact Centre / Ticket Office: 020 7619 5000 Website: www.arsenal.com Club Enquiries: ask@arsenal.com Poor grammar and spelling mistakes all my own work. December 7, 2019. Only other solution is another billionaire to take over but that is either a)likely to not happen and b) will likely be another highly suspect individual. For 2019/20 we will see increased commercial revenues from Adidas and our renewed deal with Emirates but another season outside the Champions League will continue to apply pressure to our financial results.”, Arsenal Holdings Ltd YE 31-5-19 group accounts. Arsenal have published their financial results for the year ended 31 May 2019. Enterprise value (equity plus net debt) based on current stadium deal (unless new stadium is pending), based on April 2, 2021 exchange rates. As part of our UEFA Club Licencing application, Liverpool Football Club is required to publish its annual report and consolidated financial statements. I don’t think the land is worth quite as much as you think it is. No money. If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. but that only works if we are consistently successful. Arsenal Holdings Limited - Group Annual Report year ending 31-5-18. The key takeaway is a loss for the year before taxation of £23.5 million compared with last year’s £97.4 million profit. Rafa is not a “yes” man who will kowtow to Don Raul & Co. Sporter of spectacles, beard & permanent grimace. The reports will be available on this page shortly after. BUT at current rate, its true, we are going the reverse. However, Stan is also a billionaire in his own right. two months from now. LEARNING OUTCOMES On completion of this module, students will be able to: • analyze financial statements from the viewpoints of investors, creditors, and management Overpaid “superstars” not pulling their weight depriving able and willing youngsters who would at least give it their all at a fraction of the cost. The files can be browsed and downloaded by clicking on the relevant links below. Sorry guys, just feeling so down at the moment but wins in next week’s 3 games will sort that. This is misleading. This course is designed to give business owners, managers, and other non-financial professionals an arsenal of tools for understanding, analyzing, and interpreting financial statements. He’s working his way out of the team. Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). The year-end cash position, despite the delay of season ticket renewals into June as a result of the UEFA Europa League final, was robust with balances of £167.0 million (2018 - £231.3 million). These results are a reflection of the gunners underperformance on the In the words of the song “I don’t think you really understand”, I know this isn’t what people want to hear, but I really don’t think any financial figures, no matter how bad they get, will cause Stan to sell. And that war chest is buried 6 feet under the centre circle of the old Highbury pitch. for THE ARSENAL FOOTBALL CLUB PUBLIC LIMITED COMPANY (00109244) People. Maybe in time but the few times he has been on, his position is more suspect than Mustafi. Good natural ability but too slack and lacks concentration. The result for the year can be broken down into the following key components: Football Revenue for the year was £394.7 million (2018 - £388.2 million) with the increase being mainly attributable to the club reaching the final of the UEFA Europa League (2018 – reached semi-final) together with increased commercial revenues which included the Visit Rwanda sleeve partnership as a new category. I mean it’s not rocket sciense. audited financial statements, require any company that falls within any of the following categories in any particular financial year to have its financial statements audited: (a) Any profit or non-profit company if, in the ordinary course of its primary activities, it holds assets in a … Arsenal have announced pre-tax profit of £44.6million after turnover at the club rose by over £70m in the year up to May 31, 2017. The time has come to rid ourselves of the “superstats” in our squad and to start building a young team who work for each other and are true Gunners at heart. “Total staff costs, excluding exceptional costs, grew to £227.3 million.” I wonder what Jimmy Hill would have thought about the players earnings level today? Wenger built the club up on his continued CL qualification and early success which afforded us the ability to attract loans for a self build project. 1. KSE owns the club lock, stock and barrel. brand. for THE ARSENAL FOOTBALL CLUB PUBLIC LIMITED COMPANY (00109244) More. yup! Arsenal #8 on the Forbes Soccer Team Valuations List. Which makes you wonder if we’re going to offer Aubameyang a contract that’s on par with Ozil’s 350k a week. One dead wood cleaning within the team and the “loss” is gone. There is something about it being a 3 year moving average but we spent a fair whack in the summer. We can complain about the Kroenke’s as much as we like, but they opened their wallet this year and management squandered it. The Board are committed to a business model which invests the funds generated by the business back into the Club with the aim of achieving an increased level of on-field success with the ultimate goal of winning trophies and using that on-field success to increase the Club’s engaged worldwide fan base.”. rsenal are to make 55 redundancies due to the financial impact of the coronavirus pandemic. @AAllenSport. A £(25)m loss is pretty significant. Can we take a moment to appreciate and start paying more attention to Arsenal Women by the way, they’re flying high and I don’t care what level of reach Women’s football has compared to Men’s, AWFC matches are a welcome relief to the drivel we are chocking on from the Men’s team every week. Likes it when Arsenal are good. The club explained that this is down to the window for season ticket renewals being later than usual because we were in the Europa League final. Only ONE decent player who wants to understandably leave as soon as possible. Remember the board is never happy to relieve the money it used to be David Dein who used to fight the board and in the end he was thrown off board. Yep. Absent at all times except for his rat faced bastard son lingering around like an old fart. A couple of other interesting bits and bobs. This is Kroenke economic and cultural annihilation. Overall operating profits were impacted by continued investment in player wages which meant that total staff costs, excluding exceptional costs, grew by £8.4 million to £231.7 million (2018 - £223.3 million). If they want to cook the books, only the debtors are going to know about it, and they sure as shit wouldn’t tell us. So just being a bit shit had no impact then? To open a menu item's submenu, press the space bar. Arsenal release financial results for 2018/19, Freddie: We need more from senior players, Report: Kroenke at core of breakaway European Super League, Report: Arsenal borrow £120m from Bank of England Covid fund, Arsenal confirm place in European Super League, Arteta explains why he rotated lineup, backs “fighting” Nketiah, Joe Montemurro reacts to 10-0 victory over Gillingham, Operating profit before exceptional costs and player trading, Amortisation and impairment of player registrations, Sale of player registrations / Loan of players. They are fucking us up and at some point will sell as damage limitation to their wider business. In fairness, we play like a pub team so your phone’s probably right. Profits will be reinvested also means we will feel the pinch when we aren’t making any. No tackles and no pride. 2019. His luck ran out with few bad buys (Mustafi… Read more ». Also, Kroenke’s Ram’s in the NFL made it to the Superbowl. Any potential impact on the recruitment and / or retention of players is also being monitored closely.”, Under the title ‘Principal Activity and Strategy’ the report says: “The Board’s long term strategy is to continue to develop Arsenal Football Club as a leading club on both the domestic and global stages. This section of the website provides archive access to the official documents dating back to 2003. Research is conducted based on Arsenal and Manchester United football clubs financial statements for 2010-2012. 2018. An additional loan in the 2020 financial statements is a £175m loan Spurs obtained from the Bank of England as a financial buffer due to Covid-19. (Full report here). Our net transfer spend in the summer was only £22.5m, and we actually reduced our wage bill by net £12m a year. They state: “This has seen the value of the sterling weaken against the Euro; on the one hand increasing the cost of player transfers from the EU and, on the other, increasing the sterling value of European competition distributions paid out to clubs by UEFA in Euros. By. The impact of the lower appearance fees was partially offset by higher broadcasting revenues and increased commercial revenue which included the Visit Rwanda sleeve partnership as a new category. agree 100%, been saying this for years about Stan: the teams are the means to acquire the land. Holding maybe but he gets turned on a dime too easily. 2014. Could have afforded to have kept Iwobi for one more season then instead of risking Pepe and Saka both in first season. All that money resulting in a squad that could well be heading for the second tier of English football for the first time in our history. Maitland Niles NO. And oh by the way, the club has a £120M short-term loan from the Bank of England that comes due in May 2021, a.k.a. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source. …and they can expect revenue to drop further at… who wants to come watch our tepid brand of footy these days and Thursday night lights. Elneny, Mkhitaryan, Mustafi, Xhaka… They alone can cover the so called loss. If you look at how he made his money, it was largely in real estate. Given the location it’s only real alternative use would be housing and a bit of shopping. Arsenal provides links … But it’s sad that they don’t want to. Your Financial Statement Arsenal. Notes Payable to Banks and Others. Player trading profits have a significant impact on overall profitability particularly where other operating profits are adversely impacted by participation in the UEFA Europa League as opposed to the more lucrative UEFA Champions League. Operating profits were also impacted by continued investment in player wages which meant that total staff costs, excluding exceptional costs, grew to £227.3 million (2018 – £218.9 million). Unless I’ve been fed fake news, it was Kroenke’s wife who had the money. We bought him a energiser bunny (Torriera). On pitch were fucked. I still believe he can do a job. The Arsenal Group’s loss for the 2018/19 year after taxation was £27.1 million (2018 – profit of £56.5 million). His Nuggets and Avalanche play in his own arena in Denver, his Rams are getting an outrageously expensive new stadium in Los Angeles area, and even though he doesn’t own the stadium and complex where the Rapids play, KSE is paid to manage the space. The Arsenal Supporters Trust predicted that the losses on the next set of financial disclosures could reach £158M. Premier League clubs’ record £4.8bn revenues widens gap … View our 2020 vs. 2019 consolidated financial statements. The ensuing lack of goals will see subsequent relegation battles played out to half-filled stadium for every game. And Freddie Ljungberg who, regardless of whether we win… Read more ». Even if football as a sport got banned tomorrow, Stan owns the land the Emirates is on, Hale End and the training ground, which is more than enough to make a profit if he sold them all off. The example is simple, the four I mentioned can be replaced with Mavropanos, Holding, Smith Rowe, Maitland Niles, Nelson. Stan was very rich by normal standards, but nowhere near the category of wealth needed to buy an NFL team or a club like Arsenal. Very enjoyable to watch. The result for the year can be broken down into the following key components: 2019. Isn’t it just dandy….. Jose, a cancer to football, being listened to again. I’m not a fan of the Kroenkes, but don’t really think they were the real problem this year. Net interest costs were impacted by a negative movement of £0.7 million (2018 - £3.3 million positive) in the market value of the Group’s Stadium Finance interest rate swap. In clear, easy-to-understand language, we'll explain how to read financial statements, interpret their data, and put that information to positive use. Arsenal Holdings plc - Financial results for the six months ended Nov 30 2017. After his marriage, his real estate developments were, for the most part, connected to, and dependent on, the presence of Walmart superstores. After a high level of activity in the prior year, player trading activity for 2019/20 was fairly limited. To close a submenu press the escape key. The club has now filed its accounts for the financial year ended May 31, 2019. -. The statements for 2015/16 were not … Arsenal is a premium club which has deteriorated the last ten years. By the time you’ve written off destroying a football club you have a load of debt tied to you are not making any profit selling the land, or building a few flats on top of a demolished stadium. £367.5 million came in. If you have not been watching recently, he hasn’t been fantastic this season hence less opportunities in first team. Filing historyfor THE ARSENAL FOOTBALL CLUB PUBLIC LIMITED COMPANY (00109244) … This isn’t just any economic and cultural annihilation. Conclusion Each year Everton Football Club publishes its annual report and statement of accounts. What they really should have done was try and get Campos at LOSC instead of Mslintat then Sanlehi. Anyway, the CL teams are about to field changed teams(CL on Tues/Wed), Chelsea already lost. They would probably lose 10-0 against West Ham. Our recent experience tells us that business owners typically have a pretty good idea on how the business is doing. As the song goes “doesn’t it make you feel good, doesn’t it make you feel good?’ Her family owns Walmart and she is very rich. When there is a will there is a way may sound a cliche but it’s the truth. Actually I would say that it had more to do with the administration team. I can’t see anything here…… the Hammers are shit but we are the real shit….. enjoy the championship lads. Arsenal’s debt commitments Arsenal’s big three debt commitments are: Fixed rate bonds (£122m) costing 5.8% pa and amortising at an increasing rate starting from £9m in … On this trajectory we’ll be outside the top 20 English clubs? Average annual profits on sale of player registrations over the last five years, including 2019/20, have been £34.0 million. Oh and those Freakin fucks…… Utd…… back in top four soon along with Jose’s shower and challenging next year for the title. If this goes on,sponsors may hesitate to endorse the Arsenal When they see financial information that doesn’t match up with their expectations, they begin to doubt the reliability of the financial information. The total profit on sale of player registrations was £12.2 million (2018 - £120.0 million) and player loans amounted to £4.6 million (2018 - £2.3 million). Actually, Mavropanos is young and has a potential to learn if given a chance. London, N5 1BU. And/Or then put some money into an actually good and available Cback for now. I’ve no idea about FFP rules but thankfully that ‘fair whack’ is spread over the next multiple amount of years. 2015. The average ticket sales over 30 home games was 58,943 against 58,012 in Wenger’s final season. The loan is payable by March 2021. Following additions to player registrations at a cost of £99.0 million and amortisation charges, the book value of intangible fixed assets (player registrations) was increased to £240.3 million (2018 - £238.2 million). The most significant risk to the company would ‘appear to be a downturn to the UK or wider economy impacting ticket revenues and / or the value of broadcasting and / or sponsorship rights. Basically KSE are our Randy Lerners. for THE ARSENAL FOOTBALL CLUB PUBLIC LIMITED COMPANY (00109244) Charges. Emery asked for a tall DM like Nzonzi. The exceptional costs incurred of £3.9 million (2018 - £17.2 million) were attributable to a number of changes in the first-team coaching and support personnel and transaction advisory costs incurred by the Company in relation to KSE UK Inc becoming the Group’s sole shareholder. Would love your thoughts, please comment. 2013. I’m on a roll…….. Mavropanos no. The Adidas kit deal and renewed terms with Emirates didn’t kick in until July, so that financial boost should be reflected in next year’s results. If the US owner continues the present trajectory,soon Arsenal will Arsenal Holdings Ltd YE 31-5-19 group accounts. Although Arsenal published its 2016/17 financial report in late 2017 Liverpool has yet to publish its accounts. Bear in mind we added an extra half row to Club Level in Emery’s first season so that will likely have played a part. Contract Rebel! Imagined ability. Corporate. For a business, financial statements typically include a balance sheet, a profit and loss statement, and a cash flow statement. Arsenal says they are monitoring the impact of the UK’s decision to leave the European Union and the possible consequences. Latest financial results. 75 Drayton Park Check out our exclusive Wallpapers for desktop and mobile today! This just illustrates my opinion that the Arsenal job would be a poison challice to any manager thinking about taking this role. It’s over and financial results won’t protect against the inevitable. Why did we have to end up with owners that don’t care/love football or winning? The only way to get back to a good level is big big investment from our owners. Or spent a bit more up front but significantly lower cost for Ziyech or Fekir. Arsenal Holdings Limited - Annual Report and Accounts ye 31-5-2020. We can then follow the Leeds model. Hope Liverpool loses ?too now(I dont want them going unbeaten, after all, thats all we have?). Maitland Niles was better then his last performances which shows how much Emery fucked up his self confidence. Maybe they are counting on the parachute payment…..hahahhacryinginside……. It’s relegation time. This section of the website provides access to the annual report and consolidated financial statements for the period ended 31 May 2019 – please download to view. Wenger tried his best but there is a limit to everything one can do. Too soon to start making things toxic blogs? These are fake documents forged by Russia, really there’s 2bn in the war chest. Doesn’t this mean under ffp we can’t spend any money unless we sell? financial statements of Arsenal and Manchester Unit ed in this paper, it could be concluded as follows: (1) Arsenal and Manchester United meet the requirements specified in the UEFA to prepare the . Copyright 2021 The Arsenal Football Club plc. (Use attachments if necessary. On average in 2019, Arsenal employed 707 people each month. Aubameyang and co in current form is waaaay better than the womens team. £m. Fan's kit hub - win a bruised banana shirt! Smith-Rowe doesn’t need to be regular starter, he can be a sub, and he is young also and there is a space for improvement.