If I was a Arsenal fan I would want to know why there is only £50m to spend?
Why can’t the new manager spend £130m they will receive from Sky? Apparently Benitez can have the £120m that Newcastle recieve but Arsenal are already budgeting. Why?
Forget about the money they make from tickets, Bamayang/Mhki/Ozil shirt sales and overseas revenue... why can’t the manager have the basics?
Arsenal fans gonna wish Wenger was still there. Transition time ain’t easy. Especially on a budget.
Arsenal finances never make any sense especially given that they don't have the excuses of past with regards to their stadium.
In Deloitte's most recent annual football money league report (based on 16/17 season),
Arsenal were the 6th highest revenue generating football club in the world. Earning
£419m/€487.6m, this is more than PSG, Chelsea, Liverpool and Juve to name a few in 16/17 season.
https://www2.deloitte.com/content/d...s-business-group/deloitte-uk-sbg-dfml2018.pdf
When you then look at the breakdown of that money,
almost half of that comes from broadcasting revenue - £202m/€234.7m. Even it's matchday revenue which is only surpassed by United, Madrid and Barca (whose stadiums have between 25-66% greater capacity than the Emirates) is one of the highest in Europe; however on a per spectator basis this shifts vastly and puts Arsenal head and shoulders above the rest as undoubted kings of the average highest ticket prices in Europe according to a UEFA report (
https://www.si.com/soccer/2018/01/1...clubs-are-charging-fans-most-any-teams-europe).
In comparison the big dogs of United, Madrid, Barca and Bayern majority source of revenue is actually commercial. So how much exactly is Arsenal's broadcast money for this season?
Well we know that there is to be £142m coming from the Premier League. Factor in domestic cup competitions (FA/League Cup) and Europa League exploits (estimated at £35m -
http://www.cityam.com/285175/champions-league-and-europa-league-revenue-much-prize-money), then there's a
conservative assumption of at least £180m broadcast revenue for 2017/18 season. A fall from the £200m+ of last season, but that's to be expected mainly due to not being in the Champions League (
http://www.cityam.com/281438/arsenal-suffer-gbp234m-fall-football-revenue-gunners-count).
In summary, if the Arsenal board want to have the club remain as their eternal golden goose then qualifying for Champions League next season is paramount.
Commercial revenue comes from being perceived as a big club and leveraging the global reach that Champions League football provides. Equally, broadcast money and matchday revenue is linked to being in Europe's elite competition, so Kronke/Gazidis and their cronies need to really back the manager and spend money (more than £50m! lol) to really make money. They can start by giving the bulk of the broadcasting revenue + net player sales to the incumbent manager.
