This post originally appeared on our Arsenal blog, but I thought it was worth covering here. There are some mind blowing quotes from Arsene Wenger in Tuesday's Daily Mirror.

Arsene Wenger is quoted as talking about how much he likes Lille's £30m-rated Eden Hazard, but he basically says that Hazard is too expensive for Arsenal.

Chelsea continue to hemorrhage money after announcing a loss of £67.7million for the financial year ending June 30, 2011.

That is only a slight drop decrease from the loss of £70.9million in 2010, as Chelsea struggles to fall in line with UEFA's new financial fair play rules.

Since Roman Abramovich took over Chelsea, the blues have now lost a combined £620million.

Stage 3 of our examination of the financial architecture of the Football League's clubs sees us head to Coventry. Ian Palmer is a friend and associate of Neil Allison, custodian of the Sky Blues Blog and here provides his thoughts on the slough of despond facing the Sky Blues, a situation that has been allowed to develop both on and off the pitch.

Following SJ Maskell's torrid Pompey prologue of yesterday, the spotlight now falls on a second club beginning with P: the Valiants from Burslem in Staffordshire and a business that has fallen on decidedly hard times after punching above its weight for much of the nineties. We last heard from Tom Bourne in June; his coruscating post casting a light on troubling events at Vale Park.

This week, we shall be running a series of five posts examining the fortunes of 5 clubs that have experienced significant financial and/or organisational turmoil in recent times. Unfortunately, this cross section is but the very precarious tip of a very grubby iceberg indeed - and if you think the problems we shall detail are unique to this quintet alone or indeed the 72 clubs in the Football League, then think again.

Click here to become part of the definitive history of Woolwich Arsenal FC

Follow us on Twitter @Untold Arsenal

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By Anne.

Part one of this article is available here.

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Money laundering through the transfer market is slightly more complicated than the activities described in the first article.

For the fifth in our Hopeless Teams series, we delve back relatively recently into the past by welcoming Richard Bellis. Richard co-runs Richard and Neil's Football Blog with his brother Neil and was the proud recipient of a nomination in the recent NOPA football blogging awards run by Picklive. 201i, however, largely saw Richard and Neil occupy themselves with the production and dissemination of The Blue & White Fanzine, a new print publication mainly devoted to the reformed Chester FC: a luscious object designed by our own Michael Kinlan and featuring contributions from TTUers William Abbs and myself.

One of this website's latest followers on Twitter, Simeon F. W. Pickup states his interests as ‘Reading FC, Atheism, Labour. In that order.' Although Ed Miliband's negligible impact on the polls may have something to do with his party being relegated behind Brian McDermott and Richard Dawkins in Simeon's thinking, I did read this as tongue in cheek.

Infographic - If Premier League clubs were countries

Chances are, your beloved Premier League club has accumulated a decent amount of wealth. Instead of comparing Aston Villa to Werder Bremen or Liverpool to PSG, this infographic puts things into a completely new perspective.

Money laundering, football and the press part 2 (with added Lassana Diara)

By Anne

In our first article in this series exposing corruption in football we took a quick look at the situation at Tottenham and the minor matter of how a set of phone records got into the wrong hands before contemplating [.

By: Anne

You know, it's amazing how quiet the football media can be when they want to...

Leading into our upcoming series on the transfer market, transfer rumours, and (here's the big one) possible money laundering in the EPL, I thought I would give our readers a few things to think about in [.

Fulham Football Club today announced a record profit of £5.4m and a record net profit of £4.8m for the year ended 30 June 2011. The Cottagers have also revealed a record revenue of £77.1m for the last season.

Fulham recorded a profit of £5.4m, before interest and taxation, and enjoyed a 4.

By Tony Attwood . In football there is a bit of a rule that says that you can lose money and win things, and that's fine. But to lose money and not win things that is called "doing an Everton". . Of course the world has got more complex now that Manchester City and [...]

By Tony Attwood

Manchester City added another honour to their trophy cabinet last night by securing the most expensive shot in the history of football. Their squad last night cost (including this season's salaries) something in the region of £200m, and managed one shot on target an all time record.

Manchester City today losses of £194.9 million for the financial year 2010-11, the highest such figures ever posted by an English football club.

The £195m consisted of a net loss of £160.5m and £34.4m to write off player contracts. These are incredible numbers and City tried hard today to put a positive spin on them:

"Our losses, which we predicted as part of our accelerated investment strategy, will not be repeated on this scale in the future," said chief operating officer Graham Wallace.

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"Making the Arsenal" – the book of Arsenal's rebirth

Twitter us on follow (or the other way round) @UntoldArsenal

By Tony Attwood

If there is a man in football who seems to love his club and be doing all he can for it, it must be Bill Kenwright, who appears [.

We're on Twitter @UntoldArsenal

By Tony Attwood

. The Sun newspaper is in a bit of a pickle at the moment. You see, Harry Redknapp is their columnist and (presumably) paid lots of money to write stuff, which means that when the big news in football is that Harry Redknapp is going to [.

In a move that is sure to further infuriate the Toon Army over his ownership of the club, Newcastle owner Mike Ashley has ended 119 years of Newcastle United history and heritage by re-naming St James' Park the Sports Direct Arena.

Newcastle Chairman Derek Llambias says that Newcastle needed to sell the naming rights to St James Park if its wants to compete with the top clubs in the Premier League:

"Roman Abramovich has more money than God but Chelsea are out there trying to re-brand Stamford Bridge to bring in even more money" said Llambias.

For the first time Sportingintelligence has published the average basic weekly wages, division by division, of footballers in England for the past 25 years. And it makes fascinating reading.

One thing to keep in mind as you are reading the post is that these wage numbers represent basic pay; wages typically increase by 50 to 100% with appearance money and bonuses.

I was just catching up on the news from the last few days and I came across Tottenham's Benoît Assou-Ekotto issuing a plea for his club to do whatever it takes to hang on to their top stars and bringing in new ones... or risk becoming another Aston Villa.

Ouch!
The way things stand at the moment, it's not hard to at least partially agree with him and his message will definitely resonate with a fair number of Villa fans disgruntled by the recent austerity measures.

The Christmas gift for the fan with (almost) everything By Tony Attwood The AGM of Arsenal Holdings plc lasts an hour several hundred people and a bunch of journalists turn up, there's tea and biscuits before and after, and this year it was held in the Woolwich section of Club Level, which was nice [.

Anyone who takes even a passing interest in the Football League, let alone obsessives like us, will be aware of Thursday's vote to approve the Elite Player Performance Plan (EPPP). For those of you who remain unaware aware of its details, the EPPP can be summarized either, by its cheerleaders, as a blueprint for the improvement of the England national XI or, by its detractors, as an attempt by

There is no doubt that the Premier League is the most popular league in the world as the latest research estimates that the Premier League matches attracted a staggering 4.7BILLION TV viewers last season.

Figures released by the Sport+Markt group in Germany show the tremendous appeal of the Premier League around the world.

By Tony Attwood In case you don't know the blog, The Swiss Ramble is a King among blogs. Blogger of the year, praised by the media, written by a British guy who has lived overseas for many years, everyone loves it and admires the erudition and research to be found therein. So, first rule of [...]

I remember so very well where I was when Steve McClaren was stood stony-faced beneath an umbrella in the pouring rain as England surrendered their opportunity to feature at Euro 2008. I was in a pub in Holloway in North London, and the patrons of the establishment had come together under a cloud of false hope.

Arsenal have opened Pandora's Box Don McMahon Following the departure of Cesc Fabregas for a derisory sum of around 30M Euro after add-ons, with Barca's mocking confirmation that they robbed us, and with the sale of Samir Nasri to City for 25M sterling, there were innumerable cries of outrage and dismay from the British media,punditry [.

Having insisted in July that Gillingham's budget should provide enough wherewithal to challenge for promotion this year, the early signs have been encouraging for chairman Paul Scally. Saturday's 3-1 victory over Burton Albion was comfortably earned and Danny Kedwell, uprooted from AFC Wimbledon with the promise of a return to his native Kent, scored twice to take his tally for the season to

Ivan Gazidis spoke on a variety of issues at a meeting of sports business leaders in London earlier this week and he made some interesting comments about the Arsenal Way.

First Gazidis said:

"We as a Club are operating in a self-sustaining way and are concerned about value.

Untold Arsenal on Twitter @UntoldArsenal By Tony Attwood The fact that Liverpool managed to scramble out of the mire, and Barca, having famously run out of cash so they couldn't pay the players, are still there buying the likes of Cesc etc makes some people think that there is no crisis. But crisis there is, [.

TTU regulars will know that Plymouth Argyle receive more than their fair share of coverage on these pages; although we try to split our attention 72 ways it can be difficult to abstain from repeat postings when there's so much to be said.The goalposts in this long-running saga have moved daily, so we've largely played the admiring onlooker of late as others, such as twohundredpercent, have, to

They have two of the richest football owners in the world, so it should not be a surprise that Manchester City and Chelsea were once again the big spenders in the summer transfer market.

Manchester City spent well over 120 million euros last summer, and for the second year in a row, the club was the biggest spender, albeit only a comparitively modest 92.

By Tony Attwood Phil's comment in his Man U match preview that his boss was offering a bet that Everton would end up higher than Arsenal this season made me smile. Of course my smile vanished in the light of the result in Manchester, but that did not change the fact that Bill Kenwright has [...]

Manchester United today posted record operating profits of £110.9million for the year ended June 30, 2011.

The club have also recorded a record revenue of £334.1million, an increase of £45million from last year and passing £300million for the first time. That £334.1million in revenue beat the previous record of £313m that Arsenal had previously announced.

Untold Arsenal on Twitter @UntoldArsenal by Tony Attwood We all know there are lots of anti-Wengerians on the internet, telling us daily what a useless manager he is. There are also a number of people (some of whom are kind enough to read this blog) who argue that this is not the case. But just [...]

Are Arsenal a selling club ? The true crack(s) of the great Arsenal way ! Ibrahima Fode NDIAYE For the last couple weeks or months or even years, Arsenal FC its board and manager are under immense critics from all corners. The general consensus is that Arsenal are an unambitious selling club only interested in making financial [.

Manchester United have signed two new lucrative commercial deals, including the announcement of logistics company DHL as their first training kit sponsor.

Yes you read that right. DHL will sponsor United's training kit in a four-year deal worth a reported £40 million. I am not aware of any other sports team in the world that has been able to sell sponsorship on the club's playing kit and training kit to different sponsors.

Nick Tolhurst Harsh Truths about Arsenal's "Decline" Forget debates about whether Arsène Wenger is too miserly, stubborn or just plain wrong in the transfer market – the truth is far simpler. So another summer ends and, despite the best efforts of Tony and Untold Arsenal; the media, the pundits and of course the assorted "collectible [.

UEFA has announced that a total of €754.1m was distributed to clubs participating in the Champions League last season and that Barcelona and Manchester United received the largest amounts.

The €754.1m prize money allotted to the 32 teams who figured from the group stage onwards consisted of €413m in fixed amounts plus €341,100,000 from the market pool.

The chairman of Uefa's Financial Control Panel, Jean-Luc Dehaene says that he wants more details on Manchester City's 10-year deal, £400m sponsorship deal with Etihad Airways. Etihad will now sponsor both the club's shirt and the stadium. The deal has drawn criticism that it is an attempt to circumvent European football's strict new financial rules due to the close ties between Etihad (which is owned by the Abu Dhabi government) and Man City (Aby Dhabi's ruler is City owner Sheikh Mansour's half-brother).

First we had the Silent Generation born after 1925 – those prone to doffing their caps to their betters. Then we had the baby boomers – the post war generation and the first to enjoy heightened prosperity. Then we had Generation X, famously depicted by Douglas Coupland – those born when that burst of fertility lessened and synonymous with the uncertainties of superpower rivalry and political and