Arsenal achieve record spending on transfers and an increase in turnover

The latest financial records from Arsenal have been released, these show a record £110.5m spend on players and turnover increasing to £191.1, ending 30th November 2016.

 

The Gunners were definitely busy during the Summer with the club signing Granit Xhaka, and for £38.25m, £34.85m and £17m respectively. Although these were all big money moves they have come under criticism from Arsenal fans and the media alike with Xhaka suffering discipline problems, Mustafi looking shaky at the back and Wenger not giving Perez a regular place in the first-team, despite impressing on every occasion.

 

Despite the Summer spending spree, the club reported a profit of £12.6m, compared to a loss of £6.2 for the year before. Arsenal also reported cash reserves of £100.5m, which the club always come under criticism for holding onto instead of spending.

 

With speculation continuing over Wenger’s future at the club, after the embarrassing defeat against , it looks like the next manager at the helm will not be short on cash.

 

Looking at the accounts it looks like next season the transfer budget will be set around the £80m mark. However, Wenger has previously included the wages of the new transfers in this. Whether this is an instruction from the board or not is yet to be seen.