Financial analyst insists Arsenal do not need to sell this summer

Gyokeres & Berta (arsenal.com)

Arsenal have invested heavily in strengthening their squad this summer, yet several players remain on the fringes of the team and are expected to be moved on in the coming days. The Gunners have committed significant funds to bolster their options, though the sale of surplus players is unlikely to cover even half of what has already been spent. Nevertheless, the club are eager to strike the right balance between new arrivals and departures as they prepare for the season ahead.

Balancing the books and the squad

When a side makes such substantial investments in its squad, it is often followed by an effort to recoup some of that money through player sales. This not only helps with the financial side of operations but also ensures that the manager does not continue working with individuals who are no longer part of his plans. For Arsenal, trimming the squad has become a necessary step, as the manager looks to keep focus on those capable of contributing meaningfully this season.

Supporters may wonder whether Arsenal’s spending spree has placed them in a position where sales are required to balance the books. However, the club’s financial situation appears far stronger than many may assume, meaning any outgoings are likely to be strategic choices rather than forced decisions.

(Photo by Yong Teck Lim/Getty Images)

Arsenal’s stance on player sales

Speaking to Football Insider, financial expert Stefan Borson addressed the situation, explaining that Arsenal are not under pressure to sell despite their heavy spending. He said:

“Arsenal do not need to sell. They may choose to sell and they may want to sell. I think a lot of teams want to sell high-earning players, who are on the fringes of their teams. We know that. And that’s why I think the last few days of the window will be particularly busy. A lot of these teams will end up loaning players out, getting them off the wage bill, if nothing else.”

This assessment suggests that the final days of the window could be busy for Arsenal, but any decisions will be made with long-term planning in mind rather than out of financial necessity. The Gunners have conducted a purposeful window, and expectations now rest on whether their revamped squad can deliver the success supporters are hoping for this season.

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12 Comments

  1. I can only hope that Berta and MA have been and are proceeding to focus in the ways suggested by the article while still meeting the ownership’s financial objectives. At least the conversation has moved on from it being required to sell before making whatever acquisitions in the same window.🤦‍♂️

    1. Nothing new here, long before the summer window flung open, I understand some £300 mil would be made available to the new Sporting director.

      1. Yes, I remember that and also how so many thought it was not true or not possible that we would spend anywhere close to that number. Then half the league went big on spending including us. I’m curious if the record spending all around is just a timing coincidence or if something substantive has changed such as investment strategies/realities or PSR strategies or rule changes/manipulation. I know, it’s just Chelsea revolving its players more extensively, lol.

        1. Am not known for my financial knowledge, but I did made reference to some underlying factors returning to the champions league where the club reaches the quater finals and a strong performance in the premier league, where the club led the table for much of the season eventually finishing second.

          The football combines performance with the club comercial strategies did leads to some records breaking £616 mil last summer revenues.
          In a nut shell what has change is the strong showing on the pitch and the subsequent uptake in revenue.

          1. There was record revenue for 2023-24 as you say, but Arsenal still made an overall loss in that year. We don’t know what the revenue is for 2024-25 because the figures haven’t been published.

    1. I agree.

      What nobody here answered previously when this was discussed, or now, is where is the money coming from that Arsenal is spending in this transfer window. That’s the question, not whether it’s being spent. Stefan Borson hasn’t addressed that at all.

      If Arsenal don’t sell anyone then their net debt in the window will be £250m (assuming they don’t buy anyone else). All the talk of a “war chest” just says that, magically, “it’s there”. Finance doesn’t work like that.

      1. Other than the fact that the money has to come from somewhere, the debt is not really a problem per se. From the little I’ve paid attention to this matter, the funds are primarily coming from shareholder loans to KSE which are certainly debts on the books but are also receivables for the owner(s) of KSE. Even though Kroenke (not KSE) has to take the funds from his personal resources or borrowings, it is a much different scenario than if the funds were being borrowed from an unrelated third party by the club.

        Essentially, the club is borrowing from its owners as opposed to the owners making additional equity contributions to the club. For comparison, the thing that incensed MU fans so much with the Glazer acquisition was that it was being directly financed primarily by third party debt. A world of difference.

      2. Agree with all 3 of you. It doesn’t matter what business you run, you have balance the books. Maybe not for this year but for others that include this year. We are in all essence borrowing the future. Lets hope the future can pay it back.

  2. Has anyone got an idea about the new sponsorship deals that have been announced?
    I recently read that the £3.5 million takings per home match, has no risen to over £5 million.
    Season ticket prices have increased, while our run to the semi final of the CL brought in an estimated £105 million from EUFA, let alone the revenue from the home games.
    There are still the fees from any sales we might make in the last week of this summer window and let’s not forget the money that our Ladies team will bring in by playing their home fixtures at the Emirates…. an average of over 40,000 is expected.

    I’m certain that those financial wizards within our club know exactly what they are doing and we should just let them get on with it and enjoy the ride that Mr Kronkie is delivering via his financial support of our club.

    1. Ken1945,

      I agree with you. Leave the financials to the financial wizards as you call them. All this talk of the financial side just gives me a headache. 😂🤦‍♂️

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