Love the pic Heatseek
Morning Joe, I do agree to a point about the debt question but I agree with Wenger when he has been asked about this (surprise, surprise)
as he says, there is a big difference between debt and deficit (sp) Arsenal have a debt which was incurred by building the Emirates and upgrading the training complex at London Colney. We manage that debt and the repayments out of our normal operational profits and it will be repayed. Incurring debt for major capital projects is normal in any business.
We trade at a profit every season, we don't have to borrow for players wages, transfer fees or any other aspect so therefore don't operate at deficit.
It's the same principle as a person borrowing from a bank to buy a house (which is fine if you can manage the repayments) and borrowing from a credit card for your monthly outgoings - which is a recipe for disaster.
The banks will mostly keep faith with the big clubs as they know they will eventually get the money back - and make a big profit on top.