Soccer

Arsenal fans applaud £550k-a-week saving in boost summer transfer budget

Arsenal fans are expecting a large investment in the summer following a series of outgoing deals.

Mikel Arteta and technical director Edu have overseen a recent exodus which has been a huge boost to the wage budget at the Emirates going forward.

As well as the club’s highest earner Mesut Ozil, both Shkodran Mustafi and Sokratis Papastathopoulos have left the club to join Schalke and Olympiacos respectively.

While the new Fenerbahce star was on reported wages of £350,000-per-week, Mustafi was said to be earning £90,000-per-week, with Sokratis on £92,000-per-week – totalling £532,000.

One fan wrote on reddit : “So by the summer we should have saved about £10m in wages which hopefully can be added to the transfer funds available and also have the funds available for suture signings salaries.”

Arteta said when asked about the finances at the club before the current season: "I don't know, it's a big concern.

"You need it to build a squad. It’s not magic. You need to improve with quality, quality players in the squad and you need bigger squads to compete in this competition.There’s the challenge.”

With Edu saying in October: “I am pleased with the way we worked because we are facing a very difficult situation with Covid and in the market, everyone is quite worried about the future, the planning, whether they have the money or not, the revenue, so it is quite challenging but the way we did it was amazing.

“It is not only Edu, it is not only Mikel Arteta, we have a lot of people around us in the club that it is important to mention as well, financial, legal, medical, recruitment, our loan manager, but we cannot forget of course the support, of which I received a lot of, from the board and the owners.

“Without them, we cannot do much and I feel really comfortable with the way we are working and communicating together, we are talking almost every day right now so that is brilliant.

“I tell them with that possibility to have that type of relationship, I feel much stronger.

“That is the way they give to me and to Mikel as well, so that is the way we are working right now.”

Following their defeat against Wolves on Tuesday, Arsenal will be looking to bounce back by beating Aston Villa on Saturday and Leeds next Sunday.

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