Tag Archives: Arsenal

Bukayo Saka, The Red Cartel and More…

Bukayo Saka

The Bukayo Saka story keeps rolling on. There was some interesting discussions on the SheWore Facebook page following yesterdays blog.

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Red Cartel

Everton fans continue to be the biggest moaners in the Premier League.

When they were hit with their initial charges, they blamed the Premier League and labelled the so called Big 6 “The Cartel Clubs”.

Instead of blaming their owners for putting their club on the brink of financial ruin, they blamed Arsenal, Manchester United, Man City, Chelsea and Spurs for “creating” the Profit and Sustainability Rules that they believed stopped punished their club from being “ambitious” and spending.

They obviously ignored that these rules were not implemented by the Big 6, but were voted in by the Premier League clubs, which all 20 have an equal say in. Everton voted in the rules.

Everton’s net debt increased to roughly £330m at the end of June 2023 up from £141m a year earlier. And that does not include the £200m they owe 777 Partnerships. I think it is clear that it is not PSR that is stopping them spending.

What I have found interesting is the terminology used by Evertonians hs moved on from The Cartel, or Cartel 6, to the Red Cartel.

They now blame just Arsenal, Man U and Liverpool for the situation they are in.

Manchester City are no longer the target of their anger due to them taking legal action against new proposed financial rules (that Everton voted for), whilst Chelsea being on the list of clubs sailing close to the wind of breaching PSR is enough for them to have the Scoursers support.

Tottenham have also dropped out of the Cartel purely because they are owned by a tax-evading inside trader and no an American.

Arsenal, Man U and Liverpool all have American owners, all wear red, and are the 3 most successful clubs in English football history. To call them the Red Cartel is laughable and just shows Evertonians inability to accept their club is responsible for their finances and will be the reason when they eventually go into administration.

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Keenos

No sympathy for the “Badly Run 6”

Yesterday it was leaked that 6 clubs were at the risk of breaking Profit and Sustainability Rules, and might have to sell before 30 June to avoid breaching them.

Chelsea, Newcastle, Aston Villa, Everton Nottingham Forest and Leicester City were the 6 clubs named. And as expected, fans of the clubs (alongside Manchester City fans) blame the rules their clubs signed up for, and the “Cartel 6” – their pet name for the “Big 6”.

Oddly, they include Chelsea as part of that Big 6. But the West London club are one of those facing punishment.

The truth is, these clubs are not being punished for being ambitious. They are being punished for being badly run. The Badly Run 6.

Everton – Last season Everton were hit with 2 points deductions, so it should be no surprise they are on this list.

Whilst their fans followed their red brothers and sisters and played the victims, the truth is they are the worst run Premier League club since Leeds United. And a perfect example as to why PSR is needed.

When Farhad Moshiri became major shareholder in Everton in 2016, their fans rejoiced. The expectation was he was a front for oligarch Alisher Usmanov and the Uzbeki would bankroll them to success.

Huge early spending was financed by sponsorship deals linked with the former-Arsenal owners companies. But huge money signings did not translate to success on the pitch.

As Covid hit, Eveton’s finances were in a mess. In 2022, they “claimed” that Covid had cost them £170m. This was nearly £100m more than the next largest loss claimed – Arsenal’s £86m.

Everton have continued to balance the books and, with Moshri wanting out, they have been taking out monthly loans from private companies to finance their day to day running.

Everton’s net debt increased to roughly £330m at the end of June 2023 up from £141m a year earlier. And that does not include the £200m they owe 777 Partnerships.

Instead of blaming the Premier League, and pointing fingers at clubs that are run better, they should be directing their anger to their owners.

Without PSR, Everton would be in administrations and plummeting down the leagues.

Chelsea – Is it any surprise that Chelsea are on this list?

Their new owners thought they were being clever, spending close to £1bn over the space of a couple of years, handing out long term contracts to everyone. There is a reason why other clubs never exploited amortisation and only gave out 5-year contracts on average.

The Chelsea plan was clear – to spend huge on young players, give them long contracts to spread out the transfer fee, and then sell academy graduates to balance the books.

Last season they raised £75m by selling Mason Mount, Ruben Loftus-Cheek and Callum Hudson-Odoi. This was topped up by cashing in on the Saudi boom.

It was always known that to stay within PSR, Chelsea would have to continue selling academy graduates and this season they will look to raise funds through the likes of Reece James, Conor Gallagher, Levi Colwill and Trevoh Chalobah.

It is an unsustainable model as it relies on academy graduates the calibre of Mount, James and Gallagher to come through each year, become regulars, and be sold for big money.

Chelsea will be in the “have to sell to buy” for years to come due to the contract situations.

Aston Villa – Villa are being upheld as the team who are “being punished for trying to be competitive; with loads of comments about how they sold an academy graduate for a record British transfer fee and are still in danger of breaching the rules.

There is a bit to unpack on this one, so we will start with Jack Grealish.

For years, any time Liverpool made a big money signing, they justified it by saying “we are just spending the Coutinho cash”, instead of just acknowledging they were a big spending club. Villa is becoming a similar joke with the Grealish money.

Grealish left them in 2021 for £100m. that same summer they signed Emiliano Buendia (£33m), Leon Bailey (£30m), Danny Ings (£25m). £88m and, Bailey aside (when fit), very uninspiring. Reminds me of when Spurs spent the Gareth Bale money on a load of rubbish.

To the above, they then added Lucas Digne (£25m) in January.

In 2022, their fans continued to claim they were still spending the Grealish money as they signed Diego Carlos (£26m) and Coutinho (£17m). A fairly quiet summer was backed up by a busy winter as they signed John Duran (£14.7m), Alex Moreno (£13.2m) and Leander Dendoncker (£13m).

Aston Villa are not in their current position because they have been ambitious, they are in the position because they have bought a load of tripe and wasted that Grealish money. And this is a continuation of what they have done since returning to the Premier League in 2018.

Aston Villa have spent nearly £500m since returning to the Premier League. They are the 8th highest spenders with only the “Big 6” and West Ham United ahead of them. Alongside this, they have consistently had a wage to turnover ratio of 80% – IE they spend 80% of their turnover on wages

Villa have “leapfrogged” other clubs who operate within PSR such as West Ham and Brighton through their spending.

There is a tight line between being “ambitious” and being “wreckless”.

Aston Villa’s owners took the gamble and got Champions League football as a reward. For them the gamble might have paid off. But for many others taking the gamble it does not. Villa could quite easily go the way of Everton if they are unable to sustain their spending.

Nottingham Forest – Like Chelsea and Everton, it should be no surprise these clowns are on this list.

Since promotion back to the Premier League in 2022, Notts Forst have signed 35 first team players. A further 11 have also joined on loan.

The majority of these players came in on short term deals, with sizeable signing on fees. Many have now left for free having seen their contract expire. It is not sustainable to run a club on signing almost a whole squad every summer, and releasing the same amount of players.

They have already been hit with one points deduction, and it will not be a surprise if they are hit with another. A badly run clubs.

Leicester City The implosion at Leicester City has been on the cards for years.

After their success in 2016, they continued to building a team off the back of the Champions League money and sales that saw them also win the FA Cup and finish top 6 twice. In 2021 there was talk as to whether they had replaced Arsenal as a “Big 6” side.

But they were being quietly propped up by the income from their owners company – King Power. King Power International Group is a Thai travel retail group. They basically own and operate duty free shops across Asia.

When Covid hit, flights were grounded globally. And no flights meant no income for King Power. This is when things started going downhill for Leicester, and also highlights why the Premier League want to protect clubs from having “above market value” sponsorship deals from companies owned by owners.

In 2023, Leicester City announce club-record loss of £92.5m and their debt peaked in 2023 to £364m – with £194m of that owed to their owners.

Leicester City act as a warning to Aston Villa – ambition is not always sustainable and if you recruit players on big wages and do not maintain your league position, the debts will quickly rise.

“Victims of their owners ambition” is how I would label Leicester City’s current predicament. he club continued to gamble, expecting the income to continue rolling in, and it did not.

2 years ago Leicester were relegated. A warning of what could happen if you rely only on owners ambition, rather than running the club well.

Newcastle United – The final club on the list is Newcastle United. I was surprised they are close to being in breach.

Whilst they have spent big since the Saudi’s came in, it felt like they were operating sensibly and working withing PSR – clearly with one eye on the Manchester City case.

Last season they secured Champions League football. This season they have no European football. And that is maybe why they are sailing close to the winds on PSR.

That will be a £50m+ drop in income from 2023/24 to 2024/25. they now have to finance a huge wage bill without any European income.

Are Newcastle a victim of ambition? I would say no. Are they being held back from signing players due to PSR? Probably.

If anyone was to be against PSR, it would be Newcastle. They want to be where Man City are but can not spend the millions that their fellow PetroClub did.

But what is interesting is it is only their fans moaning about PSR, not the owners or management. This makes me think they are happy with PSR and are looking to grow the club sensibly, for generations to come.

Newcastle fans sum up the “fast food culture” that we live in. They want to be bank rolled to immediate success. They are not willing to wait and grow sensibly.

I do not think Newcastle are that badly run. They just have fans who have ideas above their station.


With all of this, it has to be remembered that PSR effects all clubs.

Fans hit out at the “Cartal 6” yet one of those facing punishment is Chelsea.

In January, Manchester United were unable to recruit due to PSR. Arsenal also pulled out of a deal for Mohammed Kudus due to PSR. Liverpool have also face restrictions on what they spend.

It is also nothing new for players to move to bigger clubs, where they will play on bigger stages, earn more money and have a greater chance of success.

I see fans of Everton, Newcastle, Aston Villa and Nottingham Forest moaning that PSR is the reason why they might have to sell Jarrod Branthwaite, Alexander Isak, Ollie Watkins and Morgan Gibbs-White this summer. But none of these were academy graduates.

Was PSR the reason Branthwaite left Carlisle for Everton? Or Isak joining Newcastle from Sociedad? Watkins joined Villa from Brentfod and Gibbs-White moved from Sheffield United to Nottingham Forest.

It seems fans moan about PSR when it is there player looking to move clubs. But when they are signing players nothing is said.

You can not sit their demanding your club sign X, Y or Z player from clubs below you in the league, then cry foul play when a club higher than you signs one of your players.

I have made it clear that PSR is a good thing. It is needed to protect the future of clubs.

Chelsea, Everton, Newcastle, Leicester, Aston Villa and Notts Forest are not being punished for their ambition. They are being punished because they are badly run.

Ladies and gentlemen, introducing the Badly Run 6.

Keenos

Arteta new contract, Sesko “the one for Arsenal” and More…

Mikel Arteta new contract

Not sure why people are debating whether Mikel Arteta should get a new contract.

If you can not recognise the strives forward the club has taken under Arteta’s stewardship, then you are clearly the issue and probably blinkered by hatred.

The club is in its best position off the pitch since we moved to the Emirates. Fans and players are one and we are moving forward. Arteta is the reason for all of this.

Granted, Arteta needs to begin turning these good seasons into silverware, but there is no argument that he is not the right man for the job.

Barcelona and Bayern Munich both had vacancies this. Both enquired about Arteta. And if Pep ever leaves City, Super Mik would be top of their list to replace him.

People will list “Allegri, Tuchel, Conte” and others to attempt to show that there are “winners” available who could come straight in and win us a cup. But that ignores the long term picture and that these have proved themselves to be short-term options. As for the loon that said he wants Arteta sacked and for us to bring in the Girona manager, have some standards!

Players across Europe now want to play for The Arsenal again, and Arteta is a huge reason for that.

Arteta deserves his deal. He deserves to be one of the best paid players in the Premier League. Get the contract signed.

Benjamin Sesko “the one for Arsenal”

Only last week I wrote why I believe Benjamin Sesko was the one for Arsenal, so I am more the interested that the links are intensifying.

Sasko looks perfect for Arsenal. He is very similar to Kai Havertz in the way he plays, but a bit more clinical and instinctive in front of goal. At just 20, he will continue to improve.

Some doubters have questioned his acquisition saying they want a proven goal scorer. I have to disagree.

For a start, Sesko will not be coming in to play week in week out. We will still have Kai Havertz and Gabriel Jesus. Let’s not forget that Havertz scored 8 goals and and grabbed himself 7 assists in the last 13 games of the season. Adding Sesko (at the detriment of Nketiah) will add quality and depth.

And if not Sesko, then who?

Ivan Toney has fallen off since his return to football. He is also now 28-years-old. His England team mate Ollie Watkins thrives on space in behind. He would not suitable to a possession based team who often face a low block.

As for those in Europe, I have never really been interest in Viktor Gyokeres. Whilst he has had a good season, he is playing in Portugal and the fee being floated around for a 26-year-old with one season of top flight football under him is ludicrous.

Victor Osimhen is another constantly mentioned, and whilst he would be a high quality recruit, his transfer fee and wages would be astronomical. It would leave very little left in the kitty to buy others. I would also be concerned about his ongoing injury issues. Whoever signs him is going to take a big risk and it feels like his career could implode at any moment.

Sesko is the one. I hope we get it done.

20 man squad

A few have raised their eyebrows about Arteta wanting a just 20 outfield players (plus the keepers), considering you can register up to 25 players. I am not surprised by Arteta’s position.

Last season, just 16 players played more than 1000 minutes of Premier League football for Pep Guardiola’s Manchester City. It is clear Pep favour quality over quantity and backs he can keep his players fit.

Likewise, Liverpool competed with City for so long by having a smaller squad of higher quality.

A smaller squad means you can pay players more, and have a better quality of players. You only need to look at the “players used” table from last year to see that usually, the better you do the less players you use.

What I expect to happen is for us to have a core group of 20 outfield players. And they are then topped up by fringe players and other youngsters.

Arteta knows what he is doing.

Have a good Friday.

Keenos