After announcing the profit of £17.8m (€20.5m) generated by player sales which increased the cash reserves to £123m (€142m), Arsenal faced some calls from Arsenal supporters’ trust(AST) requesting them to spend money on transfer market to strengthen the squad in Summer.
The AST also requested them to sell unwanted players to reduce the wage bills which is £150m (€173m) for the year, not far behind Manchester United’s.
An AST spokesman said,
“These figures contain few surprises. They show that Arsenal yet again made a profit from the sale of their best players and that the club has large cash reserves.”
“Arsenal fans have contributed to this financial health through paying some of the highest ticket prices in world football. AST members want to see this money used for more, and better, investment in the team.”
However, Arsenal chairman Peter Hill-Wood insisted,
“Our intention is to keep our best players and recruit new talent to make us stronger.”
“Although we were disappointed to see Robin van Persie leave the club, we have taken steps to secure our best players going forward and have recently signed Jack Wilshere, Theo Walcott, Kieran Gibbs, Aaron Ramsey, Alex Oxlade-Chamberlain and Carl Jenkinson to new long-term contracts.”