By Dr Dan Plumley

20th Nov, 2022 | 1:30pm

Finance expert: Arsenal 'under pressure' to spend big in January amid '£120m' claim

Arsenal are under “pressure” to and can afford to spend big in January.

That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the state of Arsenal’s finance ahead of the January transfer window.

Swiss Ramble reported earlier this month (4 November) Arsenal have banked £25.24million from the Europa League this season but that is significantly less compared to clubs competing in the Champions League.

For example, Man City could receive over £112million if they win the Champions League.

“We know that the money on offer in the Europa League is nowhere near the Champions League,” Plumley told Football Insider‘s Connor Whitley.

“There is anything between a £30million and £50million difference in those competitions, depending on how far they get.

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“That’s one factor. There are other factors as well. Over the last two years, we’ve had the club posting big losses off the back of the pandemic. That’s not just them.

“They’ve restructured their cash reserves to help with that. In 2020 they had cash reserves of £120million but that was down to £80million in 2021.

“Their net spend has been high over the past couple of seasons so they have invested in the squad.

“I think all those things considered, you’d still put Arsenal in a relatively healthy financial state.

“It’s not that they can’t get additions to that squad if they need to it’s more who do you get and what price are you prepared to pay?

“The pressure for Arsenal is they go into the World Cup break top of the table and they might not have expected to be in that position at Christmas.

“That might put the pressure on to say ‘Right, ok, if we can sustain a title challenge that would be phenomenal but sustain a top-four challenge is now a realistic possibility’.

“That’s the Champions League and the extra money that goes with it. The pressure to go again in January becomes higher for Arsenal, given how well they’ve performed in the first half of the season.”

In other news, Arsenal are set for an FA charge as controversial Granit Xhaka footage emerges.