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Arsenal transfer situation as coronavirus and Premier League suspension hit finances

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www.mirror.co.uk

Mikel Arteta bids to begin an Arsenal overhaul this summer, but the Gunners face a testing time as they battle against the effects of the coronavirus.

Head of football Raul Sanllehi told staff on a conference call last week that budgets would be tight for the summer and it would be highly unlikely for any major deals at the Emirates.

The uncertainty surrounding the Premier League is playing its part. They posted losses of almost £30million last year and a number of income streams have now stopped.

The club’s £240million annual wage bill represents 60 percent of turnover. Already the playing squad have accepted a 12.5 percent pay cut to help matters.

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