Tottenham Hotspur fans will love the report coming out of the Evening Standard today, as the news outlet released an interview with the Arsenal Supporters trust.
The Trust is worried that Arsenal’s revenue is about to drop below fierce rival Tottenham’s.
This comes after the Gunners face a period without Champions League football, a major source of income for all those involved, especially when you reach the knockout rounds.
It has been well documented in recent weeks that manager Unai Emery doesn’t have a wealth of money to spend on new players, with Denis Suarez on loan the only winter addition.
There are now reports that he will also only be given £40m in the summer for new transfers (Sun).
Meanwhile, Spurs have been saving the pennies themselves, not purchasing any new players this season, meanwhile their revenue climbed to £379m last year.
Arsenal’s was at £388.2m, something the Trust are not too happy with.
They told the Evening Standard: “The AST follows Arsenal financial position closely and it is clear that at present money is tight.
“The wage bill has grown too big at a time that revenues have fallen due to only qualifying for the Europa League. For this current season (2018-19), we expect Arsenal to make a loss of about £60m. Even more shocking is that our revenue will fall behind Spurs.
“Looking ahead it shows how imperative it is that Arsenal make the Champions League next year and they will also need to be extremely shrewd in the transfer market”.
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