Arsenal Financials: Dead Weight Wages the Issue

BBC Sport - Arsenal financial future secure - Ivan Gazidis:
So, even in a "down" year that happened during a down economy, Arsenal are extremely profitable. Here is the big question that their numbers should be stirring up as everyone focuses their time talking about the transfer dollars in and out:

What has the impact of the transfers in and out on the "rising wage bill" been? I'm sure Nasri, Clichy, and Cesc were on big wages but Arteta, Yossi, Mertesacker, and Gervinho must certainly be on big wages as well and as you can clearly count, there are more of them coming in than going out.

The other important question from a financial standpoint is the wage bill impact of the players who are likely paid above their production including Rosicky, Diaby, Squillaci, and Almunia on the current roster and guys like Bendtner and Vela who are on loan. How far forward Arsenal's obligation to players who are, while not entirely dead weight if healthy, are definitely a huge drag on the a wage bill that could certainly be more productive if some of the big numbers watching from the sidelines were removed from it.

If Arsenal are to make the sorts of moves that will at least restore them to a decided position of superiority over Spurs and Liverpool while being more threatening at the heels of Chelsea, City, and United then they have to clean up the dead weight on the wage bill and make room for a couple of players we can see they have the cash to acquire on the transfer market.

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