Arsenal transfer budget: The club’s official supporters trust has predicted the budget for transfer window in 2019, and the figures aren’t inspiring.
Arsenal has been in sublime form this season. After losing the two opening Premier League games to Man City and Chelsea, the Gunners are yet to drop points in the league. Unai Emery’s side currently sits at 4th in the league, with only two points behind league leaders Manchester City.
The Gunners are also on a nine-match winning streak in all competitions, which include a win in their first round of Carabao Cup over lower-league side Brentford, and two Europa League group matches.
Alexandre Lacazette and Pierre-Emerick Aubameyang have found their goal-scoring boots, as both scored a brace in their last match against Fulham before the international break. Arsenal thumped the newly-promoted side 5-1 at Craven Cottage to take a lead over Tottenham in the table.
However, the news in the transfer market isn’t as delightful for the Gunners. The club’s official supporters trust has revealed the expected transfer budget for Arsenal next summer.
Arsenal transfer budget:
Arsenal Supporters’ Trust has estimated that the club will have a budget of £40m to spend in the summer transfer window next year. The trust will write to Sir Chips Keswick, the club chairman, to communicate the estimates in detail.
Usually, Arsenal would have an annual general meeting of all the major shareholders in October. However, after the complete takeover of the club by Stan Kroenke, no such meeting is scheduled to take place.
The club’s wage bill is running at an all-time high. Arsenal also went through a minor overhaul this summer as the club signed five first-team players. Unai Emery’s side will aim to avoid missing the Champions League spot for a third-consecutive season.
The transfer budget would improve significantly from 2020 as Arsenal recently announced a new deal with Adidas.
What next?
The lack of an Annual General Meeting has gone down well with the Arsenal Supporters’ Trust. AST will write to Keswick on various issues, including the complete takeover of Stan Kroenke.
In the absence of AGM, the Arsenal fans are also deprived of a platform for raising questions which concern the running of the club.
