@impunity ...mimi am an arsenal fan and will always be one...
When arsenal changed stadium from highbury to the current arshbuton grove home...it was a major financial risk...but wenger has managed to handle the financial pressure and has been able to guide arsenal to champions league all these years yet he has been running the club on a budget that less than some mid table clubs.
Yes leaving it to the 11th hour for the likes of fabregas to leave the club was a bit a miss but i understand his intention was to have fabregas remain at the emirates though his desire to play for Barcelona forced him to sell...
Another thing is that wenger needs to buy quality players, funny enough wenger has not started that this 6 years arsenal have not won a trophy from his days in As Monaco he has always been buying young players! so actually the money bags are the ones who have changed and not Wenger.
Finally i don't think it is all gloom at the emirates as the UEFA financial rules will be in force in the next few years
from the UEFA website this is what i read
"Under the financial fair play concept and the regulations, clubs will be encouraged to operate on the basis of their own revenues and not spend more than their income. Clubs should also settle their liabilities with players, authorities and other clubs in a punctual manner. In addition, they will have to provide information about future financial planning.
The result should be a more disciplined approach by clubs towards their finances. Long-term investment favouring youth development and improvement of club installations should take precedence over short-term speculative spending."
I think Arsenal Football Club is already practicing this!!
update president set president = speaker where president is null