Stan Kroenke can grant Mikel Arteta dream Arsenal transfer wish after financial results revealed

Arsenal have announced that despite making a loss before tax of £52.1million for the year ending May 31, 2023 (up on the 2022 loss before tax of £45.5million) they remain within the confines of both UEFA and the Premier League’s financial spending restrictions. This promotes further hope that the record spend on the previous summer window will only be built upon in the coming market.

Record signing Declan Rice was signed for £105million and the likes of Kai Havertz, Jurrien Timber and David Raya saw the spend breach the £200million threshold. The result has been a successive title challenge and progression to the knockout stages of the UEFA Champions League.

Arsenal have always been playing catch-up in the title race to a Liverpool side that have since spent more than £800million under Jurgen Klopp and a Manchester City side that have spent more than a billion pounds with Pep Guardiola. Whilst Arteta is often targeted with his sub £600million spend since taking over in late 2019, the reality is to compete at the top big money was always going to be needed.

With clubs like Everton and Nottingham Forest however being charged with breaches of Profit and Sustainability Regulations, there has been a fear for fans of all clubs that their team might face the same fate. Chelsea’s wild yet unsuccessful current spending and the alleged 115 breaches that continue to be investigated surrounding City only exacerbate the focus on whether the likes of Arsenal should be concerned.

However, a statement on theclub’s website read: “The club continues to be compliant with applicable financial sustainability regulations put in place by UEFA and the Premier League.” The qualification to the UEFA Champions League last season has been cited as a