Arsenal are sitting on a cash reserve of £173.3 million ($280m) according to multiple reports in the media. This revelation came after The Gunners made public the latest set of financial results. The north London’s side financial books show that this is an accumulation of profits year over year, and it’s become a top storyline among Arsenal and Premier League news sites due to the debate that this fact naturally inspires.
Should Arsenal Manager Arsene Wenger have spent more? Should he spend more in January?
Well, they did have the highest overall net spend out of every team in the Premier League in the transfer window that just ended.
Gunners boss Arsene Wenger invested heavily in the transfer market in the last transfer window: Barcelona forward Alexis Sanchez was recruited for 35 million pounds, defender Calum Chambers signed in a 16 million-pound deal from Southampton, Mathieu Debuchy arrived from Newcastle for 12 million pounds and Danny Welbeck joined on deadline day from Manchester United for 16 million pounds.
So they’re obviously not holding back. The Arsenal squad wages cost almost as much as Chelsea. Yet you see how much better The Blues are than The Gunners. You see how much better Man City is than Arsenal. Wenger needs to do something. There are needs on this team all around. They could use a striker, a holding midfielder and lots of help in the back line. Injuries have ravaged their defense and they need to replenish. You’d think Arsenal would be better given how much they’ve spent.
I guess they’re not getting a great return on their investment; but they have the cash reserves to easily fix that.
Paul M. Banks owns, operates and sometimes writes The Sports Bank.net, which is partners with Fox Sports and Yahoo. Read his features stories in the Chicago Tribune RedEye edition. Listen to him on 1620 The Zone. Follow him on Twitter (@paulmbanks) His work has been featured in hundreds of media outlets including The Washington Post and ESPN2
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