A study of Premier League wage bills has shown Arsenal’s efficient spending this season, outperforming rivals with a lower wage bill.

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A recent study of Premier League wage bills for the 2021-22 season has revealed Arsenal’s efficient spending in comparison to their league rivals.

The Gunners have managed to perform impressively this season despite having only the fifth-highest wage bill in the league, showing the work Mikel Arteta and Edu have done in removing player son over-inflated contracts.

Analysing the wage bills

Premier League clubs had to submit their accounts by the end of March, covering the 2021-22 season.

Using data from Companies House and football finance expert Kieran Maguire, Sportsmail looked into the wage bills of each club to determine overachievers and underperformers.

Arsenal outperforming with lower wage bill

Arsenal have had an impressive season so far, currently sitting eight points clear at the top of the table.

Despite having the fifth-highest wage bill in the league, they have managed to earn 72 points, with each point costing them ‘just’ £2.9 million.

In contrast, Manchester City’s wage bill stands at £354 million, the third-highest in the league, with each point costing them a significant £5.5 million.

Other overachievers in the league include Brighton and Brentford, who have managed to perform well despite having lower wage bills.

Both clubs are in the running for European football after fine campaigns.

Underperformers in the league

On the other hand, Chelsea and Liverpool have struggled this season, with their performances not reflecting their high wage bills.

Both clubs have spent an average of £8.5 million for each point earned so far, with Chelsea’s wage bill standing at £333 million and Liverpool’s at £366 million.

Leicester City, who are in danger of relegation, also find themselves in an unfavourable position.

Despite having the seventh-highest wage bill, they currently sit in 19th place.