The fact that Arsenal have posted a big profit shouldn’t be any surprise to anyone. Although a lack of surprise here would clearly have left some bloggers with nothing to rant about.
It is customary to use the adjective ‘healthy’ before ‘profit’, but that doesn’t really apply in this case. As we know, the profit comes from player trading. The reason we are in surplus is because the club dithered so long over the sales of Nasri and Fabregas last year that there was no time to line up replacements of similar ability and price.
The longer this went on, the more it imparted a sense of uncertainty until it got to the point that no-one would sign until the Champions League spot had been secured. In the end, Arsenal bought a load of players, but not the big signings that would have resulted in a genuinely healthy, but lower, profit.
Barcelona played their part as well, with their totally unscrupulous behaviour, but how Arsenal responded was in the club’s hands and it was that dithering that compounded the problem of the actual departures and gave us the horrendous start to the season. Well, we’ve recovered now, to an extent, and it would be churlish not to acknowledge that. But the real test for the club’s management is how they play it this summer.
We can’t buy anyone before the end of the season, despite the impression given by some blog headlines, so Gazidis makes a reasonable point in calling for fans to set some of this aside for the last dozen games and cheer the team on to the best result we can get. Those bloggers calling for less cheering in response to the financial results are clearly bonkers.
But Gazidis and Stan Kroenke need to understand that in doing so we’ll be taking it on trust that they’ll make a better fist of it this summer. We need to see evidence that they gone into the transfer window with a serious game plan this time that sees a few true quality players brought in early, so that they are integrated into the set-up from the start of the season.
The club cocked-up last summer and the owner can only expect support to weaken if they do it again.
As it goes, Arsene Wenger didn’t make too bad a job of the last minute supermarket dash. Arteta and Mertesacker have been solid assets and Santos was beginning to show promise before injury. Benayoun has been a useful loan player. Park of course remains a complete mystery.
But if we hadn’t beaten Udinese and secured the Champions League spot, I doubt we would have got Arteta and Mertesacker. Everything depends on that fourth spot. Every weekend really is like a cup final. Sometimes the cliches really are true.



