Reports suggest fans won’t return to stadiums next month, sparking fears the financial losses could affect Arsenal’s transfer business.
As we covered earlier today, the latest reports are that the Government will ‘pause’ their plans to bring supporters back to stadiums. This means further financial losses for clubs expecting ticket income in the coming weeks.
Arsenal will certainly be among those affected, given the high proportion of their annual income coming from ticket sales. So the update has supporters worrying over whether it will affect the club’s transfer business this month.
Football.London report that Arsenal could lose £80m in 2020/21 as things stand. However, Vinai Venkatesham is on record saying the club consider new signings as capital investment, which is why they’re still happening despite job cuts.
Obviously, the delays make the financial situation even more difficult than before. But “for the right player” Arsenal are still willing to spend. Once they’ve moved a few of the current squad on, of course.
You’d imagine Arsenal will worry that failing to invest in the market will lead to them falling behind. Losing out on prize money in Europe and the Premier League, missing out on sponsors who want to advertise with the best players, and so on.
Fail to strengthen properly now, and maybe you can’t afford to do it next summer either. Then you’re in a dangerous downward spiral. So whilst the lack of fans is a big problem for Arsenal, they’re not going to pull out of the market completely.