Arsenal warned that spending will be limited this summer

Arsenal’s head of football Raul Sanllehi has supposed told his backroom staff that there will be limited transfer funds available this summer, which will not come as a shock amidst the current world climate.

Our club has been linked with a number of transfer targets of late, but those believed to be valued at the top end can all-but be ruled out unless we sell some of our current crop.

The Standard claims that staff were informed that ‘expensive’ signings are highly unlikely, and that new signings are ‘not considered a priority’.

The AST has reiterated the likelihood that there will be little cash reserves for spending also, highlighting the losses at present.

AST members received the following: “The reduction in income from playing BCD for the rest of the season will knock £23m from available cash at the end of the season as will the absence of season ticket renewals (£70m). The combined impact will leave little spare cash this summer, especially if sponsors withhold part of their advance payments for season 2020-21.

“Arsenal’s available cash reserves heading into the summer of 2020-21 could be wiped out and a new borrowing requirement of over £50m being required by the end of July if the club is to meet its commitments to pay other clubs instalments due on player transfers and finance wages in June and July. So we certainly don’t predict a big spending transfer window!”

The club had been promised to be bailed out by owner Stan Kroenke this summer, although such an injection to my knowledge is yet to happen.

The losses appear to be stacking up amidst the world pandemic, and currently are no nearer the light at the end of the tunnel, while there is some claims that players will not be keen on a return to action amidst the crisis.

Will acceptance of our current financial situation hamper our bid to keep our key stars? Could we be forced to sell key assets in the summer?

Patrick

Tags Raul Sanllehi

6 Comments

  1. Sue says:

    This comes as no surprise. We’ll have more outgoings than incomings…. I reckon we’ll see a lot more of Eddie and all our other youngsters…if they stay, of course 😀
    And as much as I’d love to sign him, Partey is just a pipe dream!!

  2. Grandad says:

    On the assumption that the financial info conveyed to AST members is correct, will our Owner provide a bridging facility to cover the perceived shortfall or will additional Bank borrowing be required?It would be out of character for Kroenke to put his hands in his own pockets,but who knows he may just have a Paul on the road to Damascus moment and prove us all wrong.In any event our fans can console themselves in that virtually every other professional Club will be experiencing similar financial problems, indeed I suspect many will go down which , in turn will impact on local communities from which they draw their loyal support.

  3. stevo says:

    None of our “stars” will leave because no club will pay their salaries with the fall in revenue.
    Ozil 350k Aubameyang 200k Lacazette 180k,
    Pepe 180k Mkhitarian 177k Kolasinac 120k
    Luiz 100k Leno 100k Bellerin 120k
    Xhaka 100k Socritis 92k Mustafi 90k
    Tierney 90k Torreira 75k .Chambers 50k
    Elneny 50k Guendouzie 40k
    Saliba 40k AMN 35k Martinelli 55k ESR 35k.
    That 21 are all staying for their salaries.
    Saka 10k is a certainty.
    Will Nelson Nketiah Mavropanus or Holding be retained?
    Can we afford to keep any of the loan players
    Mari 50k Soares 65k Ceballos 50k ?

    1. ken1945 says:

      But as Grandad says, Stevo, all clubs are in the same situation… take Kane and his reported valuation of £150 million (one of their top assets) who do you think would pay that for him now?

      That is why you are correct in assuming, I believe, Auba and Torreria will stay – the day of the golden egg is well and truly over.

  4. Moses Kundu says:

    Every transfer they claim funds are limited, when will Arsenal have enough to spend?

    1. ken1945 says:

      Well said Moses Wenger had to manage this situation for all of his twenty two years.

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