re: 2012/2013 Bayern Munchen Season Long Thread - Treble Edition

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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.

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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.