WHAT THE PAPERS SAY: Money talks for shrewd Arsenal

While doors slammed at Chelsea Football Club this week, North London rival Arsenal put up a huge Not For Sale sign by posting turnover figures that will have been the envy of top-of-the-table challengers Manchester United and ­Liverpool.

Seemingly under threat from Russian ­billionaire ­Alisher Usmanov, Arsenal’s chairman Peter Hill-Woods dismissed Chelsea’s plan to be the dominant UK club as ‘fantasy’ (bbc.co.uk, 25 September). In another dig at their SW6 rivals, he insisted that a fan base ‘takes 100 years to build and about 100 minutes to destroy’ (Sporting Life, 24 September).

The move from Highbury to the Emirates stadium ­enabled Arsenal to generate more than £3m per game last season and gave manager Arsene Wenger a £70m to spend in the transfer market.

Despite a wage-bill second only to Chelsea’s in the Premier League, the club posted a record operating profit and confirmed the board’s position that it did not need, and would not enc­ourage, any foreign investors. Prudent housekeeping had led to ‘glittering profits’ and the club has an ‘eye watering’ amount of cash in the bank (The Times, 25 September) should Wenger want to add to either his playing or management team.


 

Analysis conducted by Echo Research from data supplied to PRWeek from NewsNow.

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