Player:Saliba
Dangote please come rescue
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Arsenal Finances
- Thread starter TheLoneFalcon
- Start date
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Player:Saliba
Dangote please come rescue
All depends I suppose. Chelsea owe Abrahmovic £1bn.
Tir Na Nog
Changes Opinion Every 5 Minutes
Country: Ireland
Let me get this straight, we were still in debt for all of Wengers last few years. Even tho so many people claimed it was all paid off and Wenger just chose not to spend all the warchests he had available to him....
The stadium debt wasn’t what stopped Wenger from signing any outfield players in the summer he signed Cech.
Sancho, Havertz, Partey, Koulibaly incoming then?
Sanchez11
Nobody Is Coming!
Country: England
Thats what i mean, at least it has freed up some cash for transfers.
All in all it's good news for club long term even if it's has little to do with transfers.
HairSprayGooners
My brother posted it ⏩
Sam Dean told by who exactly. He knows nothing, obviously having more stability has a domino effect to other things.
Fallout
Active Member
before kse's refinancing:
- arsenal owed XX billion to bond holders
- arsenal had to pay this back within YY years
- arsenal also owed annual interest payments to bond holders
- the interest payments were really high because interest rates (in general) were high when the bonds were issued
- the bonds had certain stipulations ("covenants"), including that arsenal always hold ZZ billion in unused cash
after kse's refinancing:
- arsenal now owes XX billion to kse
- it's unclear how long arsenal is given to pay this back (presumably we have longer or at least equal amount of time, which is good)
- arsenal interest payments are now owed to kse
- the interest payments are presumably lower now because general interest rates are low
- kse's loan presumably comes with less restrictive covenants, so arsenal doesnt have to hold as much unused cash going forward
overall, its a positive move (written in case some people didnt understand, based of course on my own understanding of the tweets posted above haha)
- arsenal owed XX billion to bond holders
- arsenal had to pay this back within YY years
- arsenal also owed annual interest payments to bond holders
- the interest payments were really high because interest rates (in general) were high when the bonds were issued
- the bonds had certain stipulations ("covenants"), including that arsenal always hold ZZ billion in unused cash
after kse's refinancing:
- arsenal now owes XX billion to kse
- it's unclear how long arsenal is given to pay this back (presumably we have longer or at least equal amount of time, which is good)
- arsenal interest payments are now owed to kse
- the interest payments are presumably lower now because general interest rates are low
- kse's loan presumably comes with less restrictive covenants, so arsenal doesnt have to hold as much unused cash going forward
overall, its a positive move (written in case some people didnt understand, based of course on my own understanding of the tweets posted above haha)
so are we more financially stable or less financially stable or does it all depend on how KSE want to handle it in the future.
Kroenke is c**t but he not that to put us in trouble financially
So after this and the wage cuts we’ve saved £50m in operating costs and have freed up £30m of the cash reserves. Should help cover most of the losses we will make due to Covid-19.
Fallout
Active Member
@jmsmtthw28
we are more financially stable assuming kroenke doesnt come back to us years from now, demanding that we repay him early or demanding that the terms of the loan become more beneficial to him.
in turn, this depends on how solidly the loan agreement has been written (may not even matter given we are 100 percent owned) and really on kroenke's own financial position (which is the subject of darren's tweet above).
for now, this helps arsenal.
we are more financially stable assuming kroenke doesnt come back to us years from now, demanding that we repay him early or demanding that the terms of the loan become more beneficial to him.
in turn, this depends on how solidly the loan agreement has been written (may not even matter given we are 100 percent owned) and really on kroenke's own financial position (which is the subject of darren's tweet above).
for now, this helps arsenal.
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Player:Saliba
Not a dig at you but I find it surprising how many fans don't understand our financial situation
We paid off the short term high interest debt but still had ~£200m in longer term debt. The interest on which each year impacted our spending
We are however not alone. United have larger debt payments
FinnGooner
Established Member
Looking at what’s going on with Wigan, you have to put things in perspective. Arsenal might not be able to challenge the financially doped cvnt clubs but at least our financial situation seems stable in the long run. Kroenke doesn’t give a **** about the club in emotional sense, which is sad, but he won’t let his precious investment drop in value.
say yes
forum master baiter
Yes it's not going to make us spending 200m but at least it'll make us more comfortable spending during this crisis
Yeah, so we're likely getting a short term stability and perhaps even long term depending on how KSE decide to do things.
Saw on twitter that they've gotten a loan from Deutche Bank to finance the take over which was valued at around 2 billion, but now the club has lost value due to COVID, so that might throw a wrench of things later on.
As long as this helps pay people at the club, I'm ok with it.
