Arsenal have released their accounts which are looking pretty good, showing that Arsene Wenger should have a decent war chest to spend in January. Another interesting thing apparent from the figures is the news that the club have given up any hope of ever selling the South Korean international striker, Park Chu-Young.
Park signed for Arsenal last summer just before the transfer window closed, and this is one panic buy that did not go well. The young (get it) Korean was half way through his medical for Lille when he heard about interest from the Gunners and cut short his tests. He may now wish he had gone through with it after making one single solitary league appearance as a substitute for eight minutes in his Arsenal career.
Now on long term loan at Spanish La Liga side Celta Vigo, Park has been written off financially by Arsenal. The accounts include an “impairment fee” which means that they are writing off the value of a player. Denilson and Bendtner are also on loan but the impending end of their contracts point at Park being the player.
By writing the amount off now, Arsenal can show better accounts for the next three years and this will help in the Financial Fair play system, allowing the club to spend more in the future. With TV money about to increase and the Emirates debt coming down quickly, Arsenal look like being one of the best off clubs when FFP does come in to play, unless Man City and Chelsea are allowed to circumvent the rules.
Park has already played three times in the league for Celta Vigo and has scored his first goal, but I cannot see him ever coming back to Arsenal and getting game time, especially if Wenger is allowed to splash some cash on a striker.
SHARE THIS ARTICLE WITH YOUR MATES! Tags: Bendtner, Celta Vigo, Chelsea, Denilson, FFP, Juventus, La Liga, Lille, Man City, Monaco, Park Chu-Young, WengerCategory Arsenal Financial News, Arsenal News, Arsenal opinion, Arsenal Youth, Premier league news
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