Ahead of this transfer window it was widely reported that Arsenal only had £40m to spend but that might not be the case.
Back in February, John Cross declared in an EXCLUSIVE that the Gunners only had £40m to spend. Two days later David Ornstein said that it was more like £100m but that would include wages as well.
At the end of last week, Vinai Venkatesham said he had no clue where that £40m figure came from but he wasn’t prepared to offer another number because it would, understandably, harm their negotiation ability.
So, let’s look at what Arsenal have spent, brought in from players sales and could generate from selling some others to see what sort of figures we are really playing with.
Purchased
Gabriel Martinelli: £6m
Dani Ceballos: £15m (loan fee)
William Saliba: Unclear – Total fee is €25m (£22.5m) but Arsenal will only pay a small part of that immediately.
Total: £21m – £43.5m
(let’s take a figure in the middle and call it £32.25m knowing that’s on the high side if Arsenal are only paying a fraction of Saliba’s fee now)
Rumoured
Kieran Tierney: £25m
Nicolas Pepe: £72m
Total: £97m
Already sold
Xavier Amaechi: £2.25m
David Ospina: £3.15m
Total in: £5.4m
Arsenal still have a number of players to move on which should increase their kitty further:
Laurent Koscielny: £7m
Carl Jenkinson: £1.8m
Mohamed Elneny: £7m
Takuma Asano: £1.35m
Total available: £17.15m
Other possible sales
Shkodran Mustafi: £22.5m (although I fear Mustafi will be staying)
[values taken from Transfermarkt.co.uk]
Total out so far: £32.25m
Total in so far: £5.4m
Net spend to date: £26.85m
Total available through sales: £17.15m – £39.65m
Total available to buy Kieran Tierney/Nicolas Pepe/others if Arsenal did only have £40m to start with: £13.15m (no sales) – £52.8m (all the sales).
I guess you really can make £40m go a lot further than you think if you’re smart about it but if the deal for Pepe goes through it will have to be structured over at least a couple of years.