Jul 15, 2013, 12:59 AM EDT
The encouraging part for Arsenal fans about this ongoing saga is that it’s becoming all the more obvious Arsène Wenger does, in fact, have a war chest to empty in this summer’s transfer market. The discouraging part: No major purchases have been made, and if old ideological-based concerns are going to get in the way of spending money new advertising deals have given the Gunners, then what’s the point?
We’ll get to that in a minute. For now let’s talk about the latest reports out of England surrounding Wenger’s newfound fascination with Liverpool’s Luis Suárez, the want-away striker moving slightly closer to Arsenal after reports the London club has upped their offer for the Uruguayan dynamo from $45 million to $52.8 million (or, £35 million), just $7.5 million short of the number Liverpool would reportedly consider. If that number was a negotiating stance, you have to assume Arsenal’s getting close to hitting Liverpool’s real evaluation.
In the mean time, Gonzalo Higuaín waits in the wing. The Real Madrid man is reportedly ready to complete his prolonged transfer to North London, but before Wenger leaves with the Argentine, he’s taking another trip around the bar, seeing if he can get one of the women he was chaing at the beginning of the night to give him some time before he settles. At last call, it might not be the classiest move, but in world soccer, it can be part of the deal. (Until a team undercuts them, like Bayern just did to Manchester United.)
In the past, “part of the deal” for Arsenal has always been a seeming reluctance to overspend, a product of their economically-driven view of players and part of the reason their record transfer purchase remains £15 million (Santi Cazorla, Andrei Arshavin). Arsenal can clearly spend more, but once you start getting farther from the £6-£10 million purchases Wenger’s comfortable making, heightened, model-breaking demand based on elite player scarcity starts creating inefficiencies. It’s unclear Wenger’s Arsenal has ever been comfortable with this inefficiencies.
In the past, the reason for that may have been financial as much as philosophical, but with the club’s influx of cash, they can afford to embrace the market’s imperfections in the name of competing for trophies. Nobody said sports markets are perfect (they are usually defined by irrational actors). Perhaps being the most resourceful rational actor in a market would be a good long-term strategy for Arsenal if they had assurances the big boys would themselves out of existence, but by the time that happens (if it ever does), Wenger will have long left North London.
So while Arsenal has money to spend, the question if whether Wenger will capitulate to meeting the prices of an insane market. All indications are he might, but until we actually see the professor sign off on one of these purchases, it’s all theory.
May 27, 2015, 5:58 PM EDT
11 current and former officials from around the world have been provisionally banned from all football-related activities.
May 27, 2015, 5:23 PM EDT
Rog and Davo relive the Premier League’s season finale, including squeaky bum time at the bottom of the table.
May 27, 2015, 4:42 PM EDT
It was a thrilling Europa League final. Sevilla are back-to-back Europa League champions, and into next year’s Champions League.
May 27, 2015, 4:32 PM EDT
Sergio Aguero was the Premier League’s top goalscorer this season, but was he the best attacker in the league? He has plenty of competition.
May 27, 2015, 3:23 PM EDT
After leading the Black Cats to Premier League safety, “The Little General” has announced he won’t return to the Stadium of Light next season.
May 27, 2015, 3:00 PM EDT
Goal scorers, goal creators, ball winners, possession destroyers — the list of top-10 midfielders has a little bit of everything.
May 27, 2015, 2:43 PM EDT
“Today’s events are a disaster for FIFA and tarnish the image of football as a whole. “
May 27, 2015, 2:17 PM EDT
The most controversial figure in world soccer has broken his silence.
May 27, 2015, 2:08 PM EDT
If Aston Villa wants any shot at beating Arsenal in the FA Cup final this Saturday, Christian Benteke must come up big.
May 27, 2015, 1:06 PM EDT
“This really is the World Cup of fraud, and today we are issuing FIFA a red card.”
May 27, 2015, 12:00 PM EDT
With the Hoops heading down to the Championship, Queens Park Rangers will have a completely new look next season.
May 27, 2015, 11:10 AM EDT
They say defense wins championships, so expect to see quite a bit of Chelsea blue on this list.
May 27, 2015, 10:31 AM EDT
Atsu spent this season on loan at Everton, and it looks like the Ghanaian will be headed south to the Premier League’s newest club.
May 27, 2015, 9:40 AM EDT
Sepp Blatter has served as president for 17 years and is expected to easily win reelection.
May 27, 2015, 9:00 AM EDT
Let’s take a walk through the six yard box with the Premier League’s 10 best ‘keepers for 2014-15.
May 27, 2015, 8:30 AM EDT
A press conference is scheduled to be held at 10:30 a.m. ET from the U.S. Department of Justice.
May 27, 2015, 7:52 AM EDT
Texas has been hit with massive flooding that has left at least 19 dead, as soccer takes a backseat.
May 27, 2015, 6:55 AM EDT
Attorney General Loretta E. Lynch speaks about the FBI’s investigation into widespread allegations of corruption at FIFA.
FIFA fallout continues: Swiss authorities open criminal proceedings into allocation of 2018, 2022 World Cups
May 27, 2015, 6:08 AM EDT
Mark down May 27, 2015 as perhaps the lowest point in FIFA’s history.
May 27, 2015, 5:20 AM EDT
FIFA officials from CONCACAF region and South America dominate the FBI’s wanted list.
- FIFA ethics committee bans 11 current, former officials from all football-related activities 0
- UEFA calls for postponement of FIFA presidential election, threatens to boycott congress 4
- FIFA president Sepp Blatter releases first statement since overnight arrests 10
- Three things we learned from the US Department of Justice news conference on the FIFA investigation 5
- FIFA presidential elections will go on Friday despite arrests 5
- FBI, US Department of Justice issues damning statement on FIFA, details corruption investigation 8