A lot of football analysts think the biggest determinant of league position is the amount spent on wages.
If so Arsenal, according to the latest set of compiled football finances for the 2010/11 seaason by Deloitte, show them one place higher than they should be, according to the rule of thumb calculation.
Arsenal spent £124m on wages (54% v revenue), compared to Liverpool’s £135m , Man U’s £153m, Man City’s £174m , and Chelsea’s £191m – the eighth consecutive time they have topped the wages bill.
Arsenal’s revenue was £226.8, just under £2m less than Chelsea’s. But operating profit was £34m, second to Man U. Chelsea’s loss of £49m was the second biggest after Man City at £82m.
Deloitte, which has an environmental branch should do a calculation, on how much embodied carbon it has taken to create the latter two’s recent incarnations.