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5 Other Ways Arsenal Could Raise Some More Money
By Mac Johnson
Money, money, money, money, makes the world go ’round.
Unfortunately, Arsenal are bereft of money right now, a situation that’s hamstrung us for almost three years on the bounce. Due to a combination of poor ownership, a massive wage bill, and serious issues selling players and recouping value, Arsenal are leaking like Tom Holland before the release of a Marvel movie.
We’re struggling to raise the funds to sign a number of key targets, and we still haven’t been able to sell the players we need to in order to raise any sort of significant capital. And the worst part is, it’s just another day in the life.
The departures of Raul Sanllehi, along with 55 other members of the club staff, have been the biggest repercussion of Arsenal’s financial impotence, but it’s not a coincidence that we just dropped our worst league finish in a quarter of a century. Something needs to be done, and soon.
Luckily, there are some excellent avenues for Arsenal to make more money out there in the stratosphere, and I’m trying to bring some of them down to Earth. Let’s start with one of the more achievable ones, something so close to home it’s frankly shocking to me nobody has mentioned it yet.
5. KSE Actually Invests In The Club
I mean really. Why has nobody mentioned this? It seems like such a simple solution to a problem we’ve been having for ages. Kroenke Sports & Entertainment should actually invest in the team!
Wow I had trouble keeping a straight face while writing that.
It’s the biggest complain among Arsenal fans, and for good reason. This team cannot remain competitive if our ownership considers every cent put into the club as a loan, to be recouped with some interest on top. It’s just not realistic.
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Of the seven sports teams and two esports teams owned by KSE, all but one has received significant financial backing. Most of the teams are based in Denver, Kroenke’s home city, but he spent nearly $4bn of his own money to move the LA Rams, an American hand-egg team (I will not call it football) from their former home in St. Louis to the more financially viable Los Angeles, California.
The one team left in the lurch – and this is a real shocker – is our very own Arsenal. As the only KSE-owned team operating under a self-sustaining business model that does not allow for financial competition or growth in the modern market, Arsenal has a rightful bone to pick with their ownership.
Although KSE has publicly pledged continued support, and a promise to renew Arsenal’s “competitiveness” in the league, I won’t believe it until I see it. But I also have to admit, I’m seriously skeptical about this potential solution, given how far out in left field it is. Moving on to something slightly more reasonable.