The north London club chief commercial officer Tom Fox has stated that if the Gunners win a trophy it will be due to the revenue the club creates.
Arsenal quest to end an eight-year trophy drought continues this season, with Arsene Wenger’s men looking to challenge on all fronts. The summer signing of Germany international star Mesut Ozil has given the club’s supporters belief that this could be the year that the Gunners win silverware once more.
Arsene Wenger’s frugality and the accountable nature in which Arsenal as a club is run is, and has been, admirable over the last ten years. Although a source of frustration to fans that want to see the club splurge on new players, the Gunners do not have a billionaire owner to bankroll exuberant spending.
With Chelsea and Manchester City dependent on wealthy owners but winning silverware as a result, Arsenal have had to watch on with jealousy. However, the north London club’s chief commercial officer Tom Fox has stated that once the club does get amongst the trophies once more it will be more enjoyable due to the lack of a Russian oil tycoon or Middle Eastern owner.
"When we win, we will win on the back of our own effort, on the back of our own hard work and revenue that we as a club generate based on our power as a global brand,” he said.
"We won’t win on the back of a wealthy benefactor reaching into his pocket and solving the problem that way.
“We believe, and I think our fans believe, that success earned in the way that we’re going about it, in a very difficult landscape and a very challenging business, is the sweeter victory.
“We don’t exist for commercial purposes, we exist as a football club, to play football matches, to win and to make our fans feel proud.”
Although Chelsea and City fans will barely remember the days pre-Abramovich and Sheik Mansour due to their new-found wealth and the resultant upturn on the pitch, their fans will grudgingly acknowledge that their clubs are dependent on the money men. Although they won’t say it, these teams’ success has been bought by mega-rich owners who finance victory.
Arsenal on the other hand are one of the most profitable clubs in the land, and the fees they spend on the likes of Ozil have been generated largely through the sale of season tickets and merchandise. Obviously there is other revenue that adds to this also, but the Gunners fans will acknowledge that victory is more hard-fought, but also more rewarding, without a wealthy owner.
image: © michael hilton