Regarding the debate about the relative spends between Arsenal and Liverpool here they are running from Arsenal’s last Premier League win back in season 2003/04 up until last summer, season 2018/19.
I have divided the review into two periods. Basically Arsenal’s 10 years of austerity from season 2003/04 through to season 2012/13. Then from season 2013/14 when the purse strings were loosened to this season 2018/19.
The austerity period 2003/04 through to 2012/13.
ARSENAL: £15 Million PROFIT
LIVERPOOL: £177 Million LOSS
ARSENAL: 1 PL Trophy, 1 FA Cup
LIVERPOOL: 1 Champions League Trophy, 1 FA Cup, 1 League Cup.
ARSENAL: 1-2-4-4-3-4-3-4-3-4 = an average finishing position of around 3rd spot.
LIVERPOOL: 4-5-3-3-4-2-7-6-8-7 = an average finishing position of around 5th spot.
The more expansive period 2013/14 through to 2018/19.
This period through which the purse strings have been loosened starts from 2013/14, when we purchased Mesut Ozil, through to the current season 2018/19.
ARSENAL: £254 Million LOSS
LIVERPOOL: £194 Million LOSS
ARSENAL: 3 FA Cups
ARSENAL: 4-3-2-5-6 = an average finishing position of 4th spot.
LIVERPOOL: 2-6-8-4-4 = an average finishing position of a fraction better than 5th spot.
And just a couple of observations:
Arsenal certainly endured a difficult 8 year period between seasons 05/06 and season 12/13 over which they failed to win a trophy. BUT given the financial restraints under which they were operating, and the fact that they were actually posting a Nett PROFIT on transfers over that period, in my opinion, (and that’s all it is, my opinion), simply maintaining a top 4 position was a remarkable achievement in itself.
Liverpool over that same period were spending an average of around £17 Million Nett per season on transfers. This was less than Man Utd and Chelsea as well as Manchester City towards the end of the period, but more than everybody else.
Was 1 Champions League title, 1 FA Cup and 1 League Cup a fair return on that investment? Given that they up against the same financial juggernauts in the PL as we were, I would suggest maybe just about, but again it is only my opinion.
When Arsenal came out of what I am calling the Austerity Period two things happened.
1- We started winning things again: that is 3 FA Cups.
2- Despite a second place finish, our actual average Premier League position then regressed even to the point of us missing out on Champions League qualification.
The question is was that a fair trade? Well given how we had been told for all those years that 4th wasn’t a trophy and it’s all about winning then surely yes it was a fair trade.
Alas as it turned out it wasn’t, because apparently the FA Cups were not actually trophies after all, and in fact coming 4th was the tophy! Oh well.
As for Liverpool, yes it is fair to say that over the last six years their Gross and Nett spend is below Arsenal but they have paid the price because they still haven’t won anything and still have an average Premier League finish below that of Arsenal.
I meant to say:
……….they still haven’t won the Premier League………..
In fact, if you do these sums over the last 10 years this is what you get.
|Club||Nett Spend||Trophies||Average PL finish|
|Arsenal||£212m||3 FA Cups||3.4|
|Liverpool||£256m||1 League Cup||5.2|
Personally I think however you dress it up Arsenal have achieved more for less than Liverpool, despite everything you may of heard.
All data courtesy of Transfer League
And when it comes to FFP
- The stupidest thing said about Arsenal this week
- WSL North London Derby – reflections on the game at the Emirates
- Arsenal have not got the youngest team in the PL. Or have they?
- Arsenal are the most fouled team in the Premier League. Why?
- Partey setback, AFC man hauled off, new C Ronaldo signing, Arteta desperate