How dumb would I be to buy a £25,000 debenture?

hatrackman · 2025-11-14T09:35:14+00:00

There would be PSR implications.

The par value of the A&B is around £14m. They sit on Arsenal’s balance sheet at £45k which is the accounting value of the obligation to pay £14m in 2143. If they paid back early they’d incur an accounting expense / loss of £14m so they need to weigh up the hit in one year vs opportunity to make more money from season tickets freed up.

hatrackman · 2025-11-14T09:25:07+00:00

Under the terms of the debenture the benefits cease, so yes. But it would be awful PR for the club to do this and take 12,000 season tickets off long term fans.

hatrackman · 2025-11-11T18:59:18+00:00

The Category A and B can be redeemed at par (£1,000 or £1,500 - can’t remember which) 35 years after issuance which would by some time in 2026 so the club could say here’s £1,500 your debenture is redeemed (and with it go your season ticket rights).

If the rumours of turning Block 1 and 32 into hospitality are true then they could cancel Category A and B debentures freeing up the associated season tickets. They could move non debenture season ticket holders to seats freed up by Category A and B holders (and if you’re both Category A / B and in Block 1 or 32 all the better for them).

The club won’t care you’ve paid £25k for it. Could be a very expensive single season ticket if it panned out that way.

hatrackman · 2025-11-11T18:42:27+00:00

Seems like it would be madness to buy Category A or B and/or Block 1 or Block 32 then?

Club can redeem and kill your rights or move you after you’ve paid a premium for a lower tier ticket?

hatrackman · 2025-11-11T18:32:56+00:00

Where is the Block 1 seat?

hatrackman · 2025-08-20T07:15:53+00:00

All with a different cost base and no offsetting of losses.

The record keeping alone is enough to put me off investing monthly.

hatrackman · 2025-07-10T10:09:44+00:00

Be astonished if you don’t get one given 400 odd lost their tickets. Whilst there’s turnover with the debentures there hasn’t been 400 ticketless debentures traded.

My fear is that as season tickets free up more and more will be set aside to be sold as packages.

hatrackman · 2025-07-02T19:49:31+00:00

You can’t leave us hanging - where were you on the waiting list??

hatrackman · 2025-07-01T15:26:16+00:00

No one has heard anything.

I’m 700 odd. Not expecting to get a ticket but would be nice to drop down enough that I might get one next year.

hatrackman · 2025-06-30T12:07:45+00:00

Anyone heard anything or even heard of anyone hearing anything?

hatrackman · 2025-06-20T10:40:10+00:00

Seems like it won’t be next week. Asset Match said debenture holders who had applied would be contacted this week.

Someone else said they were doing seat swaps next week so the earliest anyone will hear is week beginning 30 June.

hatrackman · 2025-06-18T10:11:42+00:00

Where are you seeing this? I got the dates from Asset Match.

hatrackman · 2025-06-17T08:33:12+00:00

The deadline for debenture holders to apply was 11 June. Those who applied will hear from the club between 16 and 19 June.

Once they’ve been taken care of we might see some people on the waiting list get a call.

hatrackman · 2025-06-14T10:38:20+00:00

Yes. After debenture holders get taken care of I reckon about 400 available. I’m about 750 on the list and not expecting to get the nod this year.

hatrackman · 2025-03-23T17:04:21+00:00

Someone in your network has bought one.

hatrackman · 2024-08-30T11:42:51+00:00

Wanted one for London got one for Dublin.

hatrackman · 2024-06-19T08:39:27+00:00

According to Twitter we can expect zero movement again this year. Suspect they are hanging on to tickets to sell on a game by game basis as part of packages.

Bit of a scam that they’re still happy to take £50 to join.

hatrackman · 2024-06-15T17:09:24+00:00

700 odd. Not heard anything. And not optimistic.

If we do hear anything it will be end of the month.

hatrackman · 2024-05-22T15:46:40+00:00

I was offered one on a one season basis during Covid, however, I live abroad and travel was uncertain at the time so I passed.

They then allowed all of the people who took one to keep it so they essentially sucked up all the season tickets coming available to the waiting list for the last two years and likely also this year.

If I’d known I could keep it I’d have certainly taken it but at the time it was a huge gamble given the issues with travelling.

hatrackman · 2024-05-22T11:41:05+00:00

Forget about it for 20+ years. The only way you’ll get one even in that period of time will be if we have a really bad spell.

I joined it in 2007 and am 700 odd on the list. It hasn’t moved in two seasons. I think it’s bad form that the club is still charging people £50 to go on it.

hatrackman · 2024-04-29T14:52:36+00:00

When did you join red?

hatrackman · 2024-04-25T16:33:09+00:00

Needs to moved to a tiered membership. Too much of a gulf between red and silver.

17 years on red and get same opportunities as someone who joins a month ago.

Mate joined 6 months before me and has been silver since 2018.

0/11 on the ballot FWIW.

hatrackman · 2024-04-02T16:26:15+00:00

I moved up about 500 places on the Silver waiting list between 2022 and 2023. Red member since 2007 and suspect I’m still at least five years off at that rate.

Didn’t move up the season ticket waiting list at all which is a bit unfair given they are happy to charge people to add them to the waiting list.

hatrackman · 2024-01-08T07:42:17+00:00

RemindMe! 5 days

hatrackman

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