Arsenal to Hand New Boss Tiny Transfer Budget

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According to the Daily Telegraph, Arsene Wenger’s replacement will have one of the smallest transfer budgets in the Premier League to work with.

The new Arsenal boss must work with a net budget of £50m for new signings in the summer, quashing any hopes fans might have of a new manager being given significant funds to return the club to the top four of the Premier League.

It’s understood that the Mesut Ozil’s new contract, coupled with the record signings of Alexandre Lacazette, 26, and Pierre-Emerick Aubameyang, 29, ate into the club’s finances significantly.

It puts the Gunners in a difficult position with the club expected to sign players for key positions.

The low budget rules out a move for Jan Oblak, 25, with the Atletico Madrid goalkeeper’s contract including a £88m release clause. While the Rojiblancos may be tempted to do business, it seems unlikely that the north London club will spend all their budget on one player.

With fans also wanting a central defender to replace Shkodran Mustafi and a defensive midfielder, it seems the Gunners must sell before they buy. Their problems are compounded by players beginning the final year of their contract once the season is over. Aaron Ramsey, 27, and Danny Welbeck, 25, are the most high-profile squad members in that category.

The news puts question marks over the financial management at the club. Arsenal have spent big in recent years but with league performance in decline, have they spent wisely?