Talking balls: Arsenal war chest swells to £267.55m
Talking Balls: just how large is Arsenal’s “war chest”?
On March 111 2015, Sami Mokbel told Daily Mail readers that Arsenal manager Arsene Wenger will “target a central defender, a holding midfielder and a goalkeeper this summer with a £50million transfer war chest.”
On Febraury 20, 2012, the Metro said Arsenal had a “£55m war chest”
On 9th September 2009, the Daily Telegraph said Arsenal had a “£60m war chest“.
In April 2014, the Metro said Arsene Wenger had been “handed a £70million transfer war chest“.
On January 28 2014, The Irish Independent said Wenger had been handed a “£80m war chest“.
That same day the Daily Star talked of Arsenal’s £100m war chest“.
Now let’s see how much Arsenal spent on players in those years. These figures are for net spend.
2009: -£31m
2012: -£17.55m
2014: £46m
Taking the highest figures suggested by the Press and factoring in the money Arsenal actually spent, that Transfer war chest should be:
2009: £60m plus 31m
2012: £55m plus £17.55m
2014: £100m minus £46m
That gives Arsenal a war chest of £217.55m
Add that to the £50m war chest Arsenal have this summer coming and Wenger has £267.55m to spend.
Yes, you can carry forward unspent ‘war chest’ booty but the Press don’t say that. They say that eash year the money is a new windfall.
Posted: 13th, March 2015 | In: Arsenal, Sports Comment (1) | TrackBack | Permalink
