Arsenal’s latest bid to host more concerts at the Emirates stadium has been branded “flawed, unreliable and sloppy.”

The club want to increase the number of gigs hosted at their stadium – like this summer’s sell out Muse and Green Day shows – and have produced a document showing the financial benefit to businesses in the area.

But residents are not happy about 50,000 music fans flooding on their doorstep in between the football season and Cllr Richard Greening, who represents Highbury West, said the document is misleading.

He said: “I would call it flawed and unreliable. I don’t think it’s deliberate, just sloppy. They ask businesses whether they are busier when the stadium is being used, but we don’t know whether some of them actually lose money, so we just can’t asses the level of impact.

“Even if we accept the methodology, and I think most reasonable people wouldn’t, the claims are not born out by the statistics. If anything it shows for the vast majority of businesses concerts are not profitable.

“It’s terribly sloppy I am surprised Arsenal have issued it.”

Thomas Cooper, who lives in Ronalds Road, close to the Emirates Stadium, said: “This document just illustrates the imbalance of power between the club and residents.

“I wish we had millions to spend on consultants to put together a survey to support our interests.

“We don’t have the money and we have our lives to lead. We can’t devote all our time to protecting our homes from Arsenal’s onslaught.”

A spokesman for the club said: “Arsenal Football Club currently has permission to hold three concerts a year at Emirates Stadium.

“After holding a series of public meetings to get the thoughts of local people, we submitted a planning application to Islington Council in February asking for permission to host three additional concerts a year from 2014.

“The survey conducted by Savills has provided us with another opportunity to assess the impact of our application on residents and businesses in and around Emirates Stadium.”