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Friday, August 29, 2008

Danny Fiszman, ‘Arsenal Ready to Afford a £30m Signing’

Arsenal is ready to pay £30m for signing a new player before the summer transfer window closes up and the North London club is not in a weak position financially. Danny Fiszman, club’s second largest shareholder with 24 percent of stock, has recently revealed this information. He rejected the reports suggesting Arsenal’s financial crisis due to newly-built Emirates stadium wroth Rs. £ 357 million.


Arsenal has undergone 307.1 million-pound debt since the establishment of the new stadium and has been paying a huge sum of interest every year. Arsenal needs to pay 20 million ponds of debt every year. However, Mr. Fiszman does not think that the debt and its interest is taking toll on the performance of the club as it is not capable of signing high profile players. Moreover, he dismissed all the rumors that Arsenal is not in a position to buy any more players at this moment. Rather he strongly claimed that if Wenger demands a £30m signing, Arsenal is ready to finance.


Regarding Wenger’s preference for young players, he said that it was because the relatively matured players need more time to adjust with the style of football Arsenal plays because they don’t know the style Arsenal follows and it gradually affects the youngsters who get used to with Arsenal’s own style of play.


Danny Fiszman also added that Arsenal does not need any new investment at this moment and the club has enough to survive itself. He indicated that the club’s match-day revenue has seen significant increase since the shift to the Emirates stadium from Highbury. Thanks to the new stadium with increased seating capacity, Arsenal earned 90.6 million pounds of match-day revenue in 2007 fiscal year, in contrast to 44.1 million pounds earned in the last season in Highbury.


Arsenal has lost a number of high-profile players like Thierry Henry, Ashley Cole, and Alexander Hleb and Mathieu Flamini this summer, while Arsenal’s mega signing in Summer includes French youngster Samir Nasri for 13 million pound and Mikaël Silvestre. There are reports out in the media claiming Arsenal wants to land one more midfielder this season to come to terms with three departures in the midfield, but they are running out of money. Recently, following the surprise defeat to Fulham, media and fans are strongly claiming to sing a new midfielder.


Well, whatever is in the media can not be taken as granted for sure, but the point is that Arsenal has lost a number of set-midfielders in the pre-season and some of the players are in the sideline with injury. I think, the current squad has enough strength to contend for both Premier league and Champions league, but no body can assure that all the players will be fit all through the season and will be in top of form. Even in the busy closing months of the season when all the matches of premier league, league cup, FA Cup and Champions League will pop up together without giving enough off-days to prepare the players, Wenger might need to give rest some of his boys for the big matches.


So, if Danny Fiszman is to be believed then I think, Arsenal should sign a centre midfielder before the end of the transfer window. However, still all the fans and media should leave it on Wenger to take the decision himself, because the truth is that Mr. Wenger obviously knows the game better than anybody else when it comes to Arsenal and football.


Related article:

Bloomberg

Guardian

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