Mikel Arteta handed £10m Arsenal transfer boost with announcement made before summer window

Arsenal have confirmed that they made a £10.7million profit on player sales for 2022/23.

Thelatest set of accounts revealed by the Gunners on Tuesday announced a loss of £52m for 22/23. However, their return to the Champions League this season under Mikel Arteta as well as strong performances in the Premier League should see Arsenal record healthy numbers for the 2023/24 financial year.

And it has been confirmed by the club that the players sold in 22/23 have produced a profit. Arsenal sold Matteo Guendouzi, Lucas Torreira, Bernd Leno and Konstantinos Mavropanos last season. Both Alexandre Lacazette and Hector Bellerin meanwhile left on a free transfer.

«The total profit on sale of player registrations was £10.7 million (2022 — £22.2 million) and player loans amounted to £1.5 million (2022 — £2.0 million),» a club statement said. «Player trading profits continue to have a significant impact on overall profitability and the club’s ability to realise profits during 2022/23 was again adversely impacted by market conditions with reduced overall liquidity as clubs’ acquisition budgets continued to be impacted by financial pressures post-pandemic».

«During 2022/23 and subsequently during the summer 2023 transfer window, the club has again invested strongly in the development of its men’s first-team playing resources. This investment recognises that qualification for UEFA competition represents a pre-requisite to re-establishing a self-sufficient financial base.

FFP rules explained as Arsenal make £52m announcement in new statement

Arsenal make £52m announcement in latest accounts as lengthy statement released

»We have also continued to invest strongly in Arsenal Women and the women’s game continues to experience significant