Arsenal losses down

Arsenal made a £64 million operating loss in 2021/22, down from £81m the previous year. Player sale profits reduced this a bit but pre-tax losses still almost £42m.

Arsenal wage bill down £34m in 21/22, now £150m less than that of Manchester United. Employee numbers down too.

The net spend on transfers has been £110m since May 2022.

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The Political Economy of Football V2

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