Stefan Borson drops ‘huge’ Arsenal transfer claim after club-record news
Arsenal have a “huge” profit and sustainability (PSR) capacity to make new signings before the transfer window closes on 3 February.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider the message the north London giants have been giving to their fans around PSR is not completely straightforward.
Deloitte’s 2025 Money League revealed Arsenal generated a club-record revenue of £615million in 2023-24 – a 32 per cent rise on the previous year’s £465million.
They also managed to grow their commercial revenue from £171million to £222million, while the matchday income at the Emirates surged from £103million to £132million.
But Arsenal’s wage bill increased dramatically from £235million to £326million last season, where they finished second in the Premier League behind Manchester City.
Mikel Arteta’s side have so far failed to agree any new signings in the January window despite recently suffering injuries to several key players.
Arsenal have spending power after financial reveal
Borson insisted Arsenal have the spending power to add to their squad after their financial results have been revealed for last season.
“There is some room to grow commercially, but it’s a solid set of results,” Borson told Football Insider.
“The wage bill is up a lot. It was up last season by 40 per cent, which isn’t a huge surprise when you see what the impact is on the pitch.
“But I guess just in one year, that is a big move.
“It’s really just confirmation of everything we already knew, which is Arsenal are well and cautiously run.
“They are in good shape financially and have got huge PSR capacity.
“The message that they are trying to give to fans around PSR has not been completely straightforward.
“They have space for investment, but at the moment, they are choosing not to spend, which of course is their prerogative.”
In other news, Arsenal transfer update emerges from top source.
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