They are also in more shit than us.Do Woolwich have an NFL pitch in their stadium?? Nope.
Their own brewery?? No!
Europe’s biggest club megastore? I think not.
The longest bar in the world ever?? No they fucking don’t.
Case closed. They are shite.
However, in December, Woolwich announced an operating loss of £27.1 million ($34m) for the year 2018–19. It was the first time the club had posted a loss since 2002. And why? The £230m ($287m) wage bill.
Woolwich have embraced a self-sustainable model, but it is founded upon Champions League football. For two decades under Arsene Wenger, that was almost viewed as a given. But those days are gone.
Rightly or wrongly , our financial model is not dependant on CL.