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re: 2012/2013 Bayern Munchen Season Long Thread - Treble Edition
Posted on 4/24/13 at 12:20 pm to Tweezy
Posted on 4/24/13 at 12:20 pm to Tweezy
quote:
But both clubs are profitable
Not really. Last season Arsenal were only profitable because they sold assets. That's concerning because #1 it isn't good for future performance and #2 it means their costs are too high and revenue is too low. They also have huge debts, but have made up a ton of room in terms of match day revenue.
I sound smart, don't I?
No, actually a really intelligent banker had a great thread on /r/soccer (which of course went unnoticed for the most part, probably because it actually had good information and wasn't just a huge circle-jerk) where he dissected the financials based off of the Swiss Ramble's figures. He basically just did a Q&A with whoever was interested.
3
Posted on 4/24/13 at 12:29 pm to LSUSOBEAST1
Yeah, it's pretty clear our commercial department sucks and we have too many expenses.
Posted on 4/24/13 at 12:49 pm to LSUSOBEAST1
quote:
Not really. Last season Arsenal were only profitable because they sold assets. That's concerning because #1 it isn't good for future performance and #2 it means their costs are too high and revenue is too low. They also have huge debts, but have made up a ton of room in terms of match day revenue.
Arsenal also operate under a false economy. The stadium deal looks more and more foolish, financed in the way it was so the shareholders could keep the value of their shares, which they did. It would have been better to invite foreign investment first, then build the stadium. Bayern did everything the right way, because they thought of themselves as a big club, rather than Arsenal trying to become a big club. Bayern have a better youth system, built a better stadium, and have better executives. I'm jealous of the way they are run.
Posted on 4/24/13 at 12:49 pm to LSUSOBEAST1
quote:
No, actually a really intelligent banker had a great thread on /r/soccer (which of course went unnoticed for the most part, probably because it actually had good information and wasn't just a huge circle-jerk)
Link me?
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