The latest reports have claimed that Premier League outfit Arsenal will brace for tough times in the near future as the club will book financial losses for the first time in 17 years.
Arsenal endured quite a mixed bag of a season this term with Unai Emery’s first season in charge of the football club when he took over in the summer of 2018. The Spanish manager succeeded the legendary Arsene Wenger who spent 22 long years at the North London club winning several major honors including seven FA Cups and three Premier League titles during his reign.
The 69-year-old Frenchman was on a tight budget for quite a while during his tenure as Arsenal moved stadiums and incurred plenty of external costs with Wenger doing a commendable job by still trying to keep Arsenal as successful as possible.
However, when Emery was appointed last summer, the 48-year-old made quite a few signings to bolster his squad and add some fresh air into the club. Most of them hit the ground running but Arsenal finished in fifth place on the Premier League table and ineligible to play Champions League football following a Europa League defeat against local London rivals Chelsea in the final of the continental competition.
Arsenal’s failure to qualify into the Champions League meant that there will not be hefty sums of money flowing into the club and their expenditure has outgrown their revenue generated. Although no real figures of confirmation will be posted until the New Year there is only logic which claims that Arsenal will book losses for the 2018/19 season after a run of profitable campaigns.
On a positive note, new commercial deals will add around £40 million into the club but Arsenal will have a similar figure as a transfer budget for the summer transfer window, which is not a lot considering the competition to be renowned as a top club in the European continent.
Arsenal may also have to resort to selling player in the summer to generate transfer funds and make it a feasible season.
