In the post Leicester City presser, Arsene Wenger made some powerful statements in what appears to be a continuing counter-attack against the mainstream media and their ever faithful echo chamber on the interweb who continue to slander and malign him for not “spending” in the transfer window. Speaking of Rob Holding, his most recent signing (note the irony) Wenger remarked that the young man had an “outstanding performance” noting :
“He’s 20 years old, he’s English and it’s a great reason to be happy. As long as players don’t cost a huge amount of money, people don’t give them any qualities.
“We have to be stronger than that and just acknowledge how good he is. “
Yet according to the Sage of Dublin in his pre- and post-Liverpool vituperations, it was “criminal”, it was “unfair” to play Holding in a PL game, it was like throwing a baby into the deep-end and many more over-the-top metaphors. Instead, Wenger should have bought a more expensive defender, especially after Mertsacker’s injury and using the Sage’s logic, he too should have been thrown into the deep-end given that whoever was signed would have absolutely no PL experience, a necessary rite-of-passage for any defender coming from outside of England. I only quote the Sage, despite my past efforts to document his rampant fear-mongering and duplicitous attacks on our manager, because he is the Pied Piper of Arsenal blogs with thousands following like little lemmings repeating and magnifying his many inaccurate prognostications.
How does fear mongering gain such traction despite the consistent success of Arsenal Football Club in the twenty years under Wenger’s management?
• Invincible – unbeaten over a whole season.
• 3-time Premier League champions.
• 6-time FA Cup winner.
• Average league position of 3rd.
• Never fallen below 4th in any year.
• Never failed to qualify for the Champions League.
• Never fallen in league position below Tottenham Hotspur, North London rivals.
• Never outside top 7 in richest clubs worldwide since 2007, average 4th position.
As a part-time stock investor, taking care of my small retirement portfolio, Arsenal would be a perfect long-term investment. According to the Forbes’ list of the most valuable football clubs in nine years the value of the club has more than doubled and so has revenues. Wenger, who is supposedly badly out of touch with the market, has doubled the worth of the club while taking very low risks. Contrast this with the spectacular show of “ambition” by Manchester United who in the past three years spent over £300 million on transfers to achieve another failure to win the League, not only finishing behind Arsenal but for the second time in three years failing to qualify for the champions league.
I deliberately mentioned stock market because that is where I see so many parallels with the coverage of football clubs by the mainstream media and their fellow travelers, the big bloggers. As a student of Thomas Herzfeld and Robert Drach, who wrote an investment guide “High Return, Low-Risk Investment” I long concluded no true stock market professional would have any truck with the nonsense written by the commercial press and bloggers like the Sage. Professional investors recognize the media as having a commercial interest in exploiting the emotions of their readers rather than producing sober data-driven explanation of why stocks rise or fall.
A stock market professional would quickly assess that the football industry and the transfer market in particular is made up of several powerful actors, some of them acting corruptly under the cover of normal business practice, with the aim of extracting maximum profit from the competing clubs. No other market is ripe for profit extraction than the biggest market of all, the Premier League. Great fortunes have been made, (Stand up Mr. Mendes and Mr. Raiola) and great fortunes lost (United, Chelsea and City).
Like any market, the driving force is ultimately greed. In this context “greed” is stripped of all the emotional baggage, and must be seen in the sense of making a profit. All the rational parties would want to profit from the party on the other side of the deal. Unfortunately there are some parties whose “greed” is subsumed by some short term political or public relations objectives (City and Chelsea come to mind). Arsene Wenger is a master of greed, selling Adebayor, Nasri and Kolo Toure to Manchester City at handsome profits when AFC was desperate for the money. On the other hand, he waited in the weeds for a long time when trying to buy Ozil and Cazorla, pouncing when their price fell. Most famously he bought Nicolas Anelka from PSG in 1997 for £500M and sold him to Real Madrid for £22.3MM two years later.
Greed to win the title or to qualify for the champions league often lures clubs into the transfer market to pay inflated prices. To justify these prices the buyers, with cheerleading by the media (Sky Sports deadline day) who often equate price with quality as a way of justifying the deal. In that department Manchester United is the recent gift that never stops giving with the likes of DiMaria, Falcao and Martial failing to justify their astronomical transfer fees. Will Pogba be the exception?
According to Herzfield and Drach, next to greed the most important emotion in professional market positioning is despair. Just as greed can lure clubs into the transfer market at inflated prices despair can compel people to sell at low prices. Wenger is a past master at exploiting this human failing, waiting until the very last day of the transfer window to close a deal as the selling club is desperate for the deal to go over the line (Gabriel and Welbeck come to mind). very often many clubs are desperate to sell to not merely balance the books but more importantly to not default on their bank loans. It leads one to wonder whether AFC have Valencia over the barrel in the Mustafi deal with Arsene Wenger biding his time.
The media has a role in exacerbating these two primary emotions. In the last 10-15 years they were up front and center inciting regular investors to buy internet and housing stocks when the professionals knew full well they were overpriced and already bailing out. I recommend The Big Short on Netflix for a dramatization of how the pros made millions by shorting housing stocks which the media were cheerleading during the recent bubble.
It’s no different at Arsenal. The mainstream media all summer and now John Cross and the Sage of Dublin are whipping up greed in the fanbase with delusions that we can buy high priced players to compete with United, City and Chelsea for the title. If that doesn’t work they resort to fear mongering after every defeat. Sell Walcott, sell Chambers, just to mention the two scapegoats du jour. It is complete drivel when you consider 20-years of absolute consistency by Wenger and the 95% likelihood we will be in the top-four and the admittedly somewhat lower probability of competing for the title.
To be fair the psychological pressure is intense. Club football is a very charged subject and fans want (not need) the emotional satisfaction of winning the title. But whether they like it or not, professional football is a business run by rules that cannot be driven by emotion. It is vital to take advantage of the emotions of other clubs not the other way around. We certainly cannot be driven by the emotive caterwauling of the lame stream media and the likes of our Arsenal bloggers and tweeters.
Positively Arsenal 
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west ham out of europa league, lost 1-0 at home to Romanian side Astra Giurgiu to go out 2-1 on agg
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Shotts
Those who don’t like AFC’s practices accuse the club of incompetence when the following:
Monreal
Cazorla
Ozil
Sanchez
Cech
Can all be classed as ‘vulture’ signings. A clear and easy to identify startegy. You or I might not like the strategy, fine, or we might appreciate it which would also be fine, but to claim there is no strategy is strange behaviour.
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England u16’s beat Romania u16’s 3-1 away today. 5 arsenal lads in the starting 11, and 2 more in the subs. Ben Cottrell, Xavier Amaechi, Alfie Matthews, Trae Coyle (c) Tyreece John-Jules, all started, Bukayo Saka came on but Vontae Daley-Campbell was an unused sub. Matthews scored England’s first goal , Coyle with 2 assists, John-Jules with 1 assist
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well fins what is wrong with afc doing vulture signings, seeing as for a number of years we were the victims of vulture signings, cole, adebayore, toure, nasri, cesc, rvp all could be called vulture sales.
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Gains
It’s true Walcott has new stuff in the armoury. There was an interesting spin he tried late on against Liverpool. Almost fluked an opening in what could’ve been a trademark drunken style Walcott wonder strike (Newcastle, Chelsea…).
If he stays ambitions and gets close to that form and consistency he showed before the big injury he’ll hopefully kick on even more.
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Eds
There must be some people at AFC who see Moneybags City and FC BBB as benefactors haha!
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how come the pen shoot out after the 3 – 1 win
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Sky news with Arsenal transfer stuffzzzzz.
I do accept that transfers have some importance. The swoop on Majorca was a classic was it not? Or bite. Followed by a classic sweep using the sun as cover for another juicy morsel. Ravenous.
Monreal like most needs a match or two, with Ramsey out there’ll be minutes for Cazorla to claim a berth amidst the competition, not forgetting Wilshere too.
Campbell will be playing in the CL with Sporting.
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West Ham out of the Europa
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ts i have no idea why the penalty shoot out after the 3-1, and it seemed that neither side celebrated after the shoot out, which is odd. But fantastic that Arsenal have 5 starters and 2 subs, don’t know if we have ever had more in an england youth squad. The captain Trae Coyle has gone full time at the Arsenal academy, a year early, and Vontae Daley-Cambpell was an unused sub for the U18’s last Saturday v Swansea. By the way, the 5 who started were said to have been the front 5 for England,
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What, have we spent some money? Was it enough? On whom?
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John Cross should be refused entry to Arsene Wenger’s press conference tomorrow. Following up with his bull from last sunday, his article tomorrow in the mirror is another hatchet job. Fucking state of the cunt, only last year he was making money out of an arsene wenger book, now he is attacking him at every turn.
cross and matt law who both are running similar stories over the lucas perez deal, – that Arsenal did not rate the lad, and told his reps we had no interest, only as late as last week, to now buy him, – isn’t it odd that they did not write one line about this last week, nor even include it in the stories their papers printed when everton interest in the lad broke. its almost as they have made it up, well matt law made it up, john cross copied it and ran with it.
have said it many times, Arsenal need to ban cunty jurnos, do a fergie on them.
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joel campbell has said he asked to be let go out on loan, cos he was not going to play as much as he wanted to at afc. And although wenger wanted him to stay, he agreed to let jc leave.
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https://moarfootball.com/2016/08/25/a-deportivo-la-coruna-fan-on-lucas-perez/
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Wenger says similar squad to last week, some kids will get chance in FLC game, 99% certain signing will be made, and Chambers likely to go out on loan.
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had to laugh at the journo asking if we do get the two signings in and that brings our spending for the summer to near £100M “will it once and for all” end the idea that we won’t spend. two summers ago Arsenal spent a similar amount to what is proposed this summer, and we know it stopped none of the bollocks from the media and bloggers. If AFC were to spend £100M every summer, it would be demanded that we spend £200M.
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Still not official, but it seems we’ve signed the two players we’re always short of apparently. So is the Arsenal universe delighting in this? Not really.
Why didn’t this happen sooner? Obviously we didn’t want Perez and he’s therefore no good. Just a panic buy.
Two other lines of keeping the moaning going.
Ozil and Sanzhez still haven’t signed contracts. We must worry about this.(I’m sure it’ll soon become that they haven’t signed because our signings aren’t ‘ambitious’ enough)
And two, a headline on newsnow. ‘Adams: Tactics, not transfers to blame for Arsenal woes’
And here was I thinking that Arsenal woes are down to the Woe is me Brigade.
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Wenger on if bringing in a CB will affect Chambers’ future: “Future, no. The fact that he could go out on loan somewhere and play, yes.”
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Am I mistaken or was Slaven Bilic lauded as a better manager than Wenger? I mean he couldn’t be making excuses now could he? Missing top quality players? You had 3 months to prepare Slaven. Who’s fault is it?
Well, maybe he’ll learn from this and take drastic action at least, unlike the ditherer Wenger.
‘I’m not going to lose faith in the players after one game”
Damn… How’s Klopp doing?
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Rob Holding on Wenger’s comments that he couldn’t be any good since he didn’t cost 55m.
“I took it as a massive compliment for him to say that, even if it was a bit of sarcasm to the media, I enjoyed it.”
And this bit.
“[Wenger] has helped me settle in really easily, he’s spoken to me on a one-to-one basis, he talks you through games and reviews your games.”
But Vengaah no do tactics!!!
http://www.skysports.com/football/news/11670/10551504/arsenals-rob-holding-opens-up-on-how-life-has-changed-since-joining-the-premier-league
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shard you will soon find that we are “two players” short, the malcontents will not change their tune, they will merely change the positions we are short in, and in fact some are already saying we will still be short at CF as the new guy just like giroud is not good enough (odd that, as most of them claim to have never even heard of him, let alone seen him, so not sure how they feel in a position to pass judgement on him). Since the news of the possible double swoop came out I’ve seen some of the malcontents claim we still need a GK, RB, LB, W and of course a top quality ST, I kid you not, we are still 5 players short, so don’t expect any change in the soundbites, the mantra, the nonsense from the malcontents.
and shard as for Adams, well it nothing more than a follow up to the PV4 shit earlier in the week, its the latest tact from the media. We even had the media go big on PV4’s comments that “other clubs employ former players, but Arsenal don’t for some reason”, when any quick look at the Arsenal staff list will show over a dozen ex arsenal players listed, and that does not include those working as scouts, club embassador’s, even tour guides, but then the media have never let little things like facts get in the way of a good old bitch at Arsenal.
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shard maybe Bilic should have stayed at home got business done, instead of doing media work with the BBC at the Euros
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On teams news Wenger said similar squad to last week, and that he would make late decision on starting Ozil, but that Giroud is still a little behind so won’t start.
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Yes definitely. Shows a lack of commitment. I mean working in football even during the off season is a clear sign he’s not committed to the job at hand.
As for Vieira, why is he even considered an Arsenal man? I loved him as an Arsenal player, but he very obviously is a Manchester City man now. Bitter at not being pandered to for a job by Wenger perhaps?
I’m not sure what Adams said. Headlines often lie. But Adams didn’t exactly distinguish himself in management, and he too went elsewhere (to China) rather than stay at Arsenal for a coaching role.
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well shard its my understanding that when PV4 decided to return to England for one last hurrah, he thought AFC would jump at the chance to sign him for a year or two, and his ego took a battering when Wenger was not keen, and you know the old saying about a woman scorned
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WENGER ON TRANSFERS AND CHAMBERS
With transfer deadline day approaching fast, Arsène Wenger discussed Arsenal’s prospects of adding to their squad in his press conference on Friday. This is what he had to say:
on making signings…
We are working on the deals. We are not close enough to announce today that they will sign for us, and will we sign anybody before the end of the transfer window? I am 99 per cent confident.
on transfer deadline day…
Today, maybe I am a bit too optimistic, but I hope we have done what we wanted before [deadline day].
on Calum Chambers’ future being affected by a new signing…
Future? No. The fact that he could go out somewhere and play? Yes.
on this summer’s transfer market…
It was a strange transfer market. I expected it to be easier than ever but it was more difficult than ever. Not a lot has happened. It looks like when you meet other clubs and you have an English passport, you hit these [big] prices which are very difficult to understand compared to the quality of the players. It looks like it will be frenetic for me in the last three days. Everybody has sat on their pounds until now. We know they will all splash out now. I expect the next three days to be very, very busy, so be on alert!
on whether transfers will be a distraction from the Watford game…
Not for me, not for us. We know the priority is to get results and to win your next game. We have shot ourselves in the foot so we have to respond very quickly. When you look at the other teams, they’re making points.
on pleasing fans with transfers…
I’m happy when our supporters are happy. My job is to make the right decisions, if that is exactly similar to the contract of the players and that maintains the supporters being happy – that is even better. I focus first on making the right decisions for the club.
on the club spending big money this summer if reported deals go through…
You accuse me now of being a money splasher!
on if that puts to bed him not spending money if deals go through…
It is a shame you are not my friend. You will see I spend a lot of money.
on if he gets those two deals done will there be any more…
We already have a big squad, and we are already short on the numbers now. We have a requested number, and we can’t have any more players any way.
on if players might leave…
I don’t think so. With Joel Campbell going out, Calum Chambers maybe will go on loan somewhere. It will be alright.
Read more at http://www.arsenal.com/news/news-archive/20160826/wenger-on-transfers-and-chambers#CFj4WKcjgjVoIeJp.99
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Shard: Glad you eventually had a chance to post among the positivistas. I often wonder how you maintain the fortitude to be the rare optimist among a group of serial moaners and hypocrites at a certain blog. These are people who see expensive and repetitive transfers as the sign of good management despite incontrovertible evidence that Wenger and Arsenal have outperformed all the big spenders since 1997. I know the answer to my own question: Greed and Despair.
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I think the ladies may in return be pointing towards Paul Merson…and one or two others not forgetting everyone’s favourite Stewart ‘I’m not bitter about being sacked in favour of Adrian Clarke’ Robson.
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so if we make the two signings our 25 man squad would look like
GK – Cech, Ospina, Martinez
D – Debuchy, Jenkinson, Monreal, Gibbs, Koscielny, Mustafi, Mertesacker, Gabriel
M – Xhaka, Coquelin, Ramsey, Cazorla, Wilshere. Elneny, Ozil, Oxlade-Chamberlain
F – Giroud, Alexis, Lucas, Welbeck, Walcott, Sanogo
with u21 players that are listed as part of first team squad
D – Bellerin, Holding, Chambers
M – Reine-Adelaide
F – Iwobi, Gnabry, Akpom
of course the malcontents piss will boil when the see Debuchy, Jenkinson, Mertesacker, Welbeck and Sanogo listed in the 25,
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so what would Lucas Perez’s price have been if he did not have the release clause, 17 goals in 37 la liga games in his first full season as a main striker, would £35M have bought him.
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Victoria @victoriamscott 2h2 hours ago
“AKBs are loving this”
If you’re not loving signings because of your agenda then it’s you – not AKBs – who are making this Arsene FC.
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Keenos @KeenosAFC 2h2 hours ago
Last week: “Arsenal refuse to meet Valencia’s £50m price tag”
Arsenal sign Mustafi for £35m
“Arsenal could have got him cheaper last week”
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Henry has been named assistant manager of Belgium, Martinez and Henry, the dream team, SKY mustn’t have international football, so TH will have those days off
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GNABRY RECEIVES MEN’S PLAYER OF THE TOURNAMENT AWARD
Serge Gnabry contributed greatly to winning the silver medal with his six goals at the Olympic Games in Rio de Janeiro. The Arsenal player has been voted men’s Player of the Tournament at the Olympics.
Gnabry received the most votes (29.7%) in the poll run by the Fan Club Nationalmannschaft powered by Coca-Cola. Matthias Ginter came close behind in second place with 27,4% of the vote. Schalke’s Max Meyer came third with 12.9% of the vote.
2395 people voted in total. DFB.de and the Fan Club Nationalmannschaft would like to thank everyone that took part in the voting!
created by mmc/ej
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WENGER ON CAMPBELL, AKPOM, RULE CHANGES
Arsène Wenger faced the media on Friday morning ahead of Saturday’s game at Watford.
Read on for extra quotes from the boss as he discusses Joel Campbell, rule changes and the next batch of Arsenal youngsters knocking on his door.
on Joel Campbell’s loan…
I believe that he’s a bit of a victim of the size of the squad. He is now at an age where he needs to play more regularly and I don’t rule out that he comes back here and plays. He has gone to Sporting Lisbon and I think it’s an interesting championship. Portugal always has an interesting championship and let’s see how it goes for him.
on penalties now being given for grappling…
We discussed that not only with the players but with the referees. I believe that could be interesting as well. What I see more and more is the position of the referees during the game, many times they are in the way of the game, of the pass or the next pass because they want to be too close to the ball. That is a very interesting debate, I think. The difficult on corners is sometimes you have three different fouls and the referee has to choose the most obvious one. What is not easy is first to see everything, when you watch a game you see only on slow motion that there were two or three other fouls on the corner. So what you want is that it becomes cleaner, yes. In the past there were many attempts to clear that out and it never worked.
on players not wanting to play out of position…
I believe that to sign a contract with a club is firstly a social contract. That means social responsibility towards the club and the team and to serve the best interests of the club. If that coincides with your own interests, it’s even better. But the priority is of course first to serve the club.
on giving youth players a chance…
We have a few who are had a very good pre-season like Chris Willock, Jeff Reine-Adelaide and Chuba Akpom. They are the three who have been outstanding – Krystian Bielik as well has done extremely well. They could play.
Read more at http://www.arsenal.com/news/news-archive/20160826/wenger-on-campbell-akpom-rule-changes?#zz2DMhGtAF1WcigO.99
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TEAM NEWS: GIROUD, GABRIEL AND JENKINSON
Arsène Wenger has revealed the latest team news ahead of the Watford game at Vicarage Road on Saturday:
on the latest team news…
Basically we have the same squad available as last week. I think it will be a similar squad.
on Ramsey and Iwobi…
They are progressing well. Will it be immediately after the break [that they are back]? That’s what we’ll have to see in the next two weeks.
on Gabriel…
He’s progressing very well. He’s ahead of schedule. We said six to eight weeks and we think it could be six.
on Jenkinson…
Carl Jenkinson, we plan six weeks from today. He had to do his shoulders as well – sometimes when a guy has weaknesses and he has a big injury, you take advantage of the fact that he has a big injury to sort out the short ones. That’s what we did with him. He had the two shoulders done [too]. He went through a tough time, Carl. But he’s brave, conscientious, motivated and I think he will come back well.
Read more at http://www.arsenal.com/news/news-archive/20160826/team-news-giroud-gabriel-and-jenkinson?#kWCOLlx0DUC8Cxvl.99
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Although we all like to pretend that our players love the club in reality most are just doing a job. While pv enjoyed his time here while we were winning he couldn’t wait to get out the door and although only a rumour nearly went to manure at a time we hated them. So I don’t think he or 95% of players have much love for the club. Remember Arsene saying most of those who left wanted to come back, I would suggest this is more about Arsene, his style of football and the freedom they get more than their desire to pull on Red and White for the ARSENAL again.
Most of the moaners will still stick to their position that we have lost 5 points short term than the money we have saved can buy us extra players long term.
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The Manchester Grunt is grunting about how the specialist in signing players changing the atmosphere up at old toilet for the better (can’t be hard after LVG left a few floaters?) and this less then twelve months after he destroyed the dressing room that heralded his second coming.
Yup no doubt about it, as they’ve been accused, we can consistently observe the Grunters like to hobnob and brown nose the special agents.
It’s a **** rag that’s good for one thing and one thing only! Wiping ****. Pardon me I mean no offence.
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Arsenal are expected to sign two players today, bringing their summer transfer outlay to over £90M, and to over £350M since Kroenke became majority shareholder 5 years ago.
if we sign lucas and mustafi then this is the list of players signed – excluding youth/academy signings, since Silent Stan became majority shareholder
11/12
Mertesacker,
Arteta,
Park Chu-Young
Jenkinson
Campbell
Santos
Oxlade-Chamberlain
12/13
Podolski
Giroud
Cazorla
Monreal
13/14
Ozil
Flamini
Sanogo
14/15
Debuchy
Alexis
Ospina
Chambers
Welbeck
Gabriel
15/16
Cech
Elneny
16/17
Xhaka
Holding
Asano
Lucas
Mustafi
I can see with info like this why the malcontents want regime change, only a full squad of players signed(27), over £350M spent, only 4 of the top 50 most expensive transfers ever (Ozil, Xhaka, Mustafi, Alexis), its so clear Wenger don’t like signing players, or spending money, and stan not willing to let the money be spent either.
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seen a clip of Lucas Perez going mental on the sidelines at a deportivo game, he was giving advice to the manager, shouting what to do at team mates, having words with the 4th official, you could actually say he was showing “pashun”
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Tafari Moore and Ainsley Maitland-Niles named in the England U20 squad to play Brazil U20’s
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Bellerin named in the Spain squad, no place for Monreal or Cazorla
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sorry, Bellerin is in the Spain u21 squad, so no AFC players in Spain senior squad.
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Good, although it’s always good to see youngsters getting called up I much prefer our senior players stay at home itching to play in the next PL game
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I am pleased to hear news of Carl Jenkinson today after a very lengthy period out of action and during which I see the surgeons have been to work upper and lower body. I would certainly like to see him get his chance as he has clearly picked up experience at the Ammers and is probably a better long term option as a back up than Debuchy.
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I expect you are all out there glued to the Europa Cup draw ?
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Thanks Shotta.
I’ve been around on here, but post very sparingly. Don’t have anything much to add normally. Still, is good to read positive articles and comments. (I also used to be very active on Untold a few years ago, but gave up once the trolls got too many)
I don’t think they’re all that bad though, over on the other site. Admittedly, it does get hard when it seems like you’re lone voice, but generally, the guys on there seem to look at facts and have some sense of logic and perspective, even if they tend to go overboard at times, or just disagree. It’s alright. I like getting out and hearing different perspectives, and am constantly questioning my beliefs. I still come out on the ‘good’ side though, so that’s alright. It’s important to not let echo chambers form on blogs, and that is one of the saner ones with intelligent commenters so I don’t mind so much.
Now LeGrove is a different matter entirely. I’ve never commented on there because they aren’t looking for a debate. Sadly, there are a lot more blogs like that these days. Glad to have a place to come to and bask in some positivity, or just express some frustration at the rest sometimes. Always enjoy your articles and the comments by the regulars.
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To be fair Shard this is not a blog on which to have a debate either ( banned smiley)
We serve a particular clientele, with exacting requirements and blessed with excellent taste and good manners.
Consider it more a ‘club’, comfortable armchairs, thick carpets, ample but not intrusive lighting, a place where a fan can breathe easily.
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