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Austerity at Arsenal

Arsenal announced the end of austerity in 2013. This month Arsenal cannot compete with any club for any permanent signing because, quite simply, the money is not there. It will be a loan or two, at best, a situation that bewilders fans.

An article in The Guardian states: 'The club’s most recently published accounts, for the six months ended November 2017, showed a profit before tax of £25.1m and cash reserves of £160.7m – including debt service reserves of £23m, which are not available for football purposes. This time last year Arsenal were listed at No 6 on Deloitte’s world football money league. What is going on?'

'The fundamental reality under Stan Kroenke, who has been the majority shareholder since April 2011 – the club are wedded to a self-financing business model. What comes out must first have been generated from within.' That self-funding has been hit by being in the Europa League, producing something of a vicious circle.

Read the full article here: Arsenal austerity

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