

Should Fans be Encouraged by Gazidis’ Recent Comments?
By: Homey | July 19th, 2011
As many of you have already read, club executive Ivan Gazidis recently made quite a few statements about our financial position and transfer activity. In particular, he made some statements that most Gunner fans would like to see as a great sign of hope. While he had a lot to say, let me quote the most important stuff right here:
“We still will be active in this window. We haven’t finished our business at all. We’re just not conducting it publicly. We’re working hard privately. We think very, very carefully about strategy and targets and so on, and are working hard. So we’re not at the end of our activity for this window. I still think it will be an active window. We understand where the weaknesses have been. Financially we’re in a strong position, we have resources to spend. We’re certainly not sitting there saying, ‘Let’s hold back on our resources’ for some reason. Why would we? The resources are there. We’ve got a substantial amount of money that we can invest. The important thing for us, which can be frustrating, is not doing it only in response to a public clamour but in a way that can positively impact our performance next year and that’s the focus.”
“If we found an established, world class player and we thought the economics made sense and he would add to what we could do on the pitch then there’s no philosophical objection to that. Arsene has no point of principle to show the world that he can build his own team of young players. That’s just not the way it is.”
Taken at face value, he pretty much said everything we’ve been hoping. We have lots of money, we understand our weak spots, and we intend to spend the money to correct our problems. We’re not going to just promote youngsters and “build for the future.” And we’re not saddled with debt or financial problems that will hold us back from where we need to be. We’re not going to refrain from spending, and we’re going to try to improve ourselves for this coming season. Furthermore, he’s echoing what RvP recently said, and with this sort of statement of intent, it could go a long way toward convincing Nasri and Cesc to stick around. So why should we be worried?
Well, if we don’t see the club follow through on his remarks, this quote is just going to haunt us all year. It will basically rub salt in our wounds if the club doesn’t do exactly as he said it will do, and then we go on to have another disappointing season. So let’s review the two reasons why I’m extremely skeptical when reading Gazidis’ statements.
1) Wenger’s history at Arsenal. The simple fact of the matter is that we’ve heard all this stuff before. We’ve heard that there’s money to spend, we’ve seen the club reap huge profits from the likes of Adebayor and Toure, and yet we’ve still never spent all the money. We just keep hearing the same old thing. Basically, we just have to trust the young players. We’re just this close to winning big. We’ll only spend if there is good value in the market. I know I’m repeating a few of my prior blogs, but Wenger and Gazidis are repeating themselves too. We just never see the rhetoric backed up by action.
To give an example, please check out this article by the Swiss Ramble from April 29 of last year. Examine some of the quotes from Gazidis and Peter Hill-Wood. Saith Gazidis just over a year ago: “We have money available to invest in the transfer market when we can identify the right players to add into the mix that add something to the squad.” And saith Hill-Wood in April 2010: “We have got more money than we’ve had for a long, long time, and we would like to spend it. But we want to spend it sensibly. There is plenty of cash, although not in comparison to Manchester City.”
Wow, that’s almost eerie, isn’t it? And what exactly did we do last summer? Well, we lost Bill Gallas, sold Eduardo for about £6 million, signed Koscielny for around £8 million, and signed Chamakh on a free transfer. And uh, that’s about it. Oh, and since we brought back Wilshere from loan, that was like a new signing as well. But all that talk was backed up by almost nothing in the transfer window. So why are we supposed to fall for it again?
2) Current transfer rumors. OK, so maybe you’re thinking and hoping that finally this time, things will be different. We’ve been told as clearly as possible that Wenger and the club mean business this summer. So what sorts of rumors are we hearing, and how much would those targets cost?
Oddly enough, almost all the big-money players we’ve been linked with have been declared “not for sale” by their clubs. That’s happened recently with Mata, Subotic, Hamsik, Hazard, and Baines. Count me as skeptical again, but I think if Ronaldo, Rooney, Kaka, and Villa can be purchased, then I’m pretty sure these other guys can be as well. In fact, I would go so far to say that a club would sell any player, provided the price was right. You think Messi isn’t for sale? Why not offer £250 million and find out? Ok, I know that’s an absurd figure, but my argument is that at a certain point, every player has a price. Now, Messi may never want to leave Barca, but at some point, Barca would be willing to sell.
Getting back to our supposed targets, I’m really not hearing any good rumors these days about any players who would really excite me. You know, players who would be ready to step in right now and be elite contributors. One group who we hear about consists of players with great potential, but who likely wouldn’t be ready to dominate in the Premier League right now. Those range from Joel Campbell to Oxtail to Mathias Jorgensen to Romelu Lukaku. And even with that group, Campbell refused to show up for a medical with Arsenal, and Lukaku is now reportedly being pursued by Man City as well. Jorgensen and Oxtail still seem possible for Arsenal, but let’s be realistic with both of them. Jorgensen is 21 and has never played higher than the Danish league, and Oxtail is 17 and has never played higher than League One.
So who else is there in recent news? I’ve been hearing quite a bit about Felipe Melo, now that he’s been excluded from Juventus’ recent trip to the U.S. But are we seriously going to pay something like £15 million for a 28-year-old who can’t get along with his current club, and is most famously known for a brain-dead red card in the quarterfinals of the World Cup? I can’t imagine Wenger is too excited, to be honest. And I don’t know that I would be either.
Other than that, I don’t hear too much new stuff right now. We’ll probably lose out on Vidal to Chelsea, but that deal would only be on the table if we sold Cesc. Jose Enrique is apparently both for sale and interested in Arsenal, but Wenger currently seems happy to go with Gibbs instead. What we’re actually hearing more than anything else these days is more rumors about how Cesc is closer to going to Barca than ever before. Lovely.
Now I know there’s plenty of time left in the window, and I know it’s not time to hit the panic button just yet. And I also know that roughly 90% of transfer rumors are rubbish. However, of all the deals that actually do happen, we typically at least hear a few things about them before they happen. So either we’re about to unleash a wonderful spending spree that has been top secret for all this time, or we’re going to end up doing about what we’ve done for the past several years. Guess which option I’m betting on?
I’m even willing to go a step further than that. I’ll say right now that if we end up selling Cesc or Nasri, we’ll end up as net sellers during this summer window. Again. Despite all the gobs of money we’ve been told we have. And if I’m wrong about that – if we sell either of those guys and still spend more than we bring in – I hereby promise to call this sport “football” in all my blogs for the rest of the season. And while that might make Bertrand happy with me for a nanosecond, that won’t do the rest of us any good at all.
We have a little over a month to see if we’re going to change directions this summer. But as the saying goes, fool me once, shame on you, fool me twice, shame on me.
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The fear of the Lord is the beginning of wisdom. Psalm 111:10a.
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