Arsenal's latest accounts paint a picture of incredible financial strength.
A report in the Daily Mirror last night revealed that Arsenal have up to a staggering £140 million available in cash Arsene Wenger could use in transfer deals.
That amount is made up of £120 million in the bank as well as a small amount considered a ‘safety net’.
Furthermore the reports suggested that Arsenal’s recent kit deal with Puma, as well as other restructured commercial and sponsor ship deals will create around £70 million per summer that the club could use to go after new players.
“The title chasing Gunners have £120m in unspent money, plus a further £22m of “safety net” cash, after not spending a penny on transfers in January and putting ticket prices up by more than the rate of inflation,” writes Arsenal correspondent John Cross.
“The Gunners broke their transfer record in spending £42m on Mesut Ozil last August and club sources indicate that there will be up to £70m to spend in the coming summer - and every year, thanks to increased revenue from the turnover.”
Surely it’s good news for the Gunners?
Of course but the report has been met with initial scepticism from supporters who have grown used to promises of financial spending, with negativity flaring up again last month when the club failed to get a deal done for FC Schalke youngster Julian Draxler.
The news bodes well for Arsenal as they head towards the summer transfer market, with some potentially big names likely to change hands once the glitz and glamour of the World Cup is over.
Diego Costa, Mario Balotelli, Marco Reus, Mats Hummels; just a few of the names connected with the club where a huge fee will be needed to persuade their parent clubs to do deals.
However, will it happen? Will Arsenal cash in on the latest reports of their financial strength or will it be a case of another boast and another elusive incentive dangled in front of supporters who are forced to pay more than ever before to watch the Gunners play.
We thought we’d let you decide. Vote below on whether you think Arsenal will spend big and follow up the Mesut Ozil signing of last summer or whether you think this is more hot air being blown in your direction.
image: © michael hilton