Hedge funds aren’t doing 14-15% per annum in nearly “guaranteed” fashion like a club of Arsenal’s stature (especially with the increasing TV money, huge matchday revenue, merchandise sales, etc. that are much more immune to an economic downturn). We can disagree on this, but I think that the “growth” of such an asset is more predictable than producing absolute returns that a hedge fund is mandated to do in all market conditions.
I don’t want him to operate at a loss just to put an All-Star team out there. I think that any fan realizes that Arsenal don’t have the silly money of a PSG/Real/Citeh/Man U/Chelsea to throw out there. What I would like to see is better operation within the framework of the club. Either Gazdis was full of it with his comments about being on Bayern’s level or the club (read AW) refuses to use the resources at his disposal.
The other issue I’d like to see is a coherent plan for the window. Laca and Sead–excellent business to start. Since then? Not so much and turns the window into a clown show again with the Sanchez and Ox debacles. Sanchez wanting away or being sold this late is poor business when he could have been shipped out in July and new players brought in to improve the team. I don’t understand why the club doesn’t get business done PRIOR to the first game of the season.
Arsenal are quite poor at moving players on, have a disastrous contract situation over the next two summers and now an image issue of clubs previously below them (Liverpool, Spurs, Everton) making moves to improve their squad while Arsenal are doing the deadline day dash again.
As for AW, I wish he would have left after the FA Cup win over Chelsea. The renewal should have been offered with the stipulations outlined above that he change and if not, move onto a manager with fresh ideas and a better grasp of what the transfer market is now with the TV money and the realization that FFP is easily gamed.