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Nairaland Forum / Entertainment / Sports / Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined (1506 Views)
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Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by Kwajay(m): 2:07pm On Oct 04, 2016 |
Arsenal released their financial results on Friday, showing (once again) their rude financial health Arsenal's latest financial results revealed a cash balance of £226.5million. That total is more than the balances of Real Madrid, Barcelona and Bayern Munich combined. It still, however, leaves them behind Manchester United, whose latest results showed a balance of £229m. While the balance seems high, the club, when releasing the figures, were at pains to point out that a lot of that money was ring-fenced for debt servicing while the total was also inflated due to the time of year. Arsenal director Sir Chips Keswick said: “Our cash reserves at the end of the year stood at £226.5m and this figure will doubtless attract the usual speculation from fans and commentators. “That being the case, it is my duty to point out that after excluding debt service reserves and amounts owed to other clubs on past transfers the balance reduces to £149m. “This figure is in itself inflated, due to the seasonality of our cash flows, by advance sponsorship and season ticket receipts for the new season. “Against the underlying balance of available funds we have, as mentioned above, invested strongly in player acquisitions during the summer at a total transfer in cost of more than £90m with additional significant commitments to player wages, agent’s fees and performance related contingencies on top of that.” “Whilst we have spent strongly we have not over stretched,” he continued. “It would have been bad business practice not to have retained some small degree of flexibility to allow us to invest again in the right player and/or to maintain the current squad as and where we want to offer improved and extended contracts for key players. READ MORE: http://kwajay..com.ng/2016/10/arsenal-have-more-cash-in-bank-than.html
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Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by ObaKlaz: 2:23pm On Oct 04, 2016 |
Oh well... Then, Lionel Messi is bigger than Arsenal FC! ![]() |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by veekid(m): 2:42pm On Oct 04, 2016 |
Arsenal fans go soon invade here now with their mumu belief in being the richest club ever |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by Nobody: 2:44pm On Oct 04, 2016 |
ObaKlaz: 1 Like
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Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by ObaKlaz: 2:57pm On Oct 04, 2016 |
[quote author=smithsydny post=49911459][/quote] Awww... Someone is hurt! ![]() |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by Nobody: 3:11pm On Oct 04, 2016 |
ObaKlaz:
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Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by ObaKlaz: 3:41pm On Oct 04, 2016 |
[quote author=smithsydny post=49912067][/quote]Lol... You're just as silly and boring as those memes of yours. I pray you live long to see your team win the League title and the UCL. Now, buzz off, you vermin! |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by Nobody: 5:38pm On Oct 04, 2016 |
ObaKlaz:u must be big foolish or close to it for making such comment |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by ObaKlaz: 9:52am On Oct 05, 2016 |
smithsydny:Idiot. You have to realize I didn't take a swipe at your father or your family. it's just FOOTBALL. Channel your zeal, emotion and enthusiasm into other profitable endeavours in your personal life, you stupid fanboy. It actually took me this long to reply to you this time, because I have other things going for me in the real world, than being an hopeless internet hobo like you. Reply me and await further outburst from me, loco. As long as you keep quoting me, you won't have the last word! |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by Nobody: 9:56am On Oct 05, 2016 |
ObaKlaz:I wish am fanatic like your dunce ass retarded fool.. My loving arsenal or football in general has ntn to do with you or your useless outburt.. Your a big FOOL and truly u are.
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Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by ObaKlaz: 10:01am On Oct 05, 2016 |
smithsydny:Fix your English, dunce. Start with that. Fools like you never learn! When was the last time your loving Arsenal won the league or the UCL? Does Leo Messi not have the highest number of goals against a single UCL team, which happens to be your pathetic Arsenal coached by the SPECIALIST IN FAILURE HIMSELF ![]() |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by Nobody: 10:54am On Oct 05, 2016 |
ObaKlaz:
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Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by ObaKlaz: 11:17am On Oct 05, 2016 |
[quote author=smithsydny post=49934038][/quote]Lol... Your memes are plain silly and boring as you, how many times do I have to tell you?! The idiot can't even come up with a counter fact! Your team is shitty, even a Barcelona-reject (Alexis S) is a king there ![]() ![]() ![]() ![]() |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by ObaKlaz: 11:25am On Oct 05, 2016 |
smithsydny:I own your ass on this one, dummy, and as long as you keep quoting you'll NEVER have the last word. Let that sink in that protuberance you call your head! ![]() |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by Nobody: 11:29am On Oct 05, 2016 |
ObaKlaz:I don't don't I hv any problem with messi or barca. But you making some kind of argument that can even hold waterproof. Your so lame and I think u need some attitude in watching football CUs from the way sound if barca losses a game only God knows wat happens too you.. Get busy bro, no offence taking. Enjoy your day |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by ObaKlaz: 11:38am On Oct 05, 2016 |
smithsydny:Lol... What argument "can't even hold waterproof"? That Messi has scored the most goals against a single team (Arsenal) in the UCL, or that His personal trophy cabinet is heavier than your team's trophy haul ![]() |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by Nobody: 11:40am On Oct 05, 2016 |
ObaKlaz:enjoy football and stop been a fanatic.. |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by ObaKlaz: 11:48am On Oct 05, 2016 |
smithsydny:Oga... I'm yet to see you counter the points I raised. I am an avid follower of football, and will NEVER be a fan of any particular team. But, facts don't lie. What if I said EPL or BLP is just overhyped ![]() |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by Nobody: 12:02pm On Oct 05, 2016 |
ObaKlaz:I don't put my emotions wen its football u get That. Over/under hype I just enjoy my football. I am not football fanatic who go around trying to make arguments wch has ntn too offer than shouting ontop of my voice.. I talk football for fun not for unnecessary shit. Oga stop been a fanatic and enjoy football. |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by ObaKlaz: 12:08pm On Oct 05, 2016 |
smithsydny: ![]() |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by Nobody: 1:12pm On Oct 05, 2016 |
ObaKlaz:so your Ncan member we come dey fight.. ![]() |
Re: Arsenal Has More Cash Than Barcelona, Real Madrid And Bayern Munich Combined by maximus10: 12:23am On Oct 06, 2016 |
SAME pple that said. ihenacho earns £85,000 at manCity.. #arsenal. pogba is more valuable than the whole arsenal ![]() |
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