Arsenal has been improving every season since Mikel Arteta became the club’s manager, and it has now been revealed that they have also been spending a significant amount of money to achieve this progress.
The Gunners remain one of the biggest clubs in the Premier League, but they have not won the league title since 2004.
They aimed to end that drought in the last campaign and were close to achieving this, but lost the title on the last day of the season.
Money is a key factor in finding success and progress in English football, and Arsenal has been splashing the cash since Arteta took over as manager.
A report on Football365 reveals that while Chelsea has had more net spending than the Gunners since 2020, Arsenal has also been a major spender. Chelsea’s net spending stands at £-731.7 million, while Arsenal’s net spend is £-477.25 million. This is more than double Manchester City’s net spend of £-214.04 million during the same period, with City not even ranking third on the list.
Arsenal is expected to continue spending, and they are likely to invest in at least a new striker this summer.
Just Arsenal Opinion
Spending money is important to finding success in the Premier League, and we have done well in that area so far.
As we spend, we can see our team making progress, which should encourage our owners to spend more in the coming seasons.
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Arteta is rapidly turning Arsenal into a ‘squandermemia’ club! The worst is that you cannot see the impact of most of those his ‘ midtable’ purchases. Imagine Saville refusing to include buying option on Lokonga even when the club reduced it to 12m pounds, on a player we spent over 17m pounds on. The same story with Kiwior. I don’t think clubs are even saying anything about Vieira. Trossard and Jorginho were dropped after one or two games at Euro.
Players that are still the bedrock of Arsenal are those he inherited like Saka , Saliba and Martinelli or those he initially refused there entrant like Partey.
Arsenal has to be very careful with Arteta before we face the anger of FFP.
Exactly, most of the Arteta and Edus signings have not worked out, and massively overpriced.
Others clubs have recognised this incompetence and are treating us like Man United. “Arsenal tax” is definitely a thing now.
We also cannot sell, just like United.
Spending like there’s no tomorrow and finishing second is not success, that’s the definition of failure. We have to question their competence at some point
FFP and the monies spent on players has nothing to with Arteta..!! Edu is in charge of transfers …Artets is just asking for certain players.
Remarkable how people have agendas but without the understanding
Agendas are without understanding by nature.
So all good signings is Edus doing and not Arteta. Remember that the next you praise Arteta for a signing.
He will pretend not remember but we will be here to remind him.
I believe that this is what many of us have been saying since we finished 5th.
Nothing wrong with buying success, as city115, chelsea, united and pool have been doing it for years of course.
But we need to recognise that we are now part of that group and understand how the club has changed since MA became manager and Mr Kronkie decided to back him to the hilt with his money.
This is true. Credit to Kroenke for backing the manager and the evolving executive level away from the disaster that was Sanhelli.
The hypocrisy in humanity baffles me stupendously. One of the reasons why I seldom comment. Always complaining even when it’s
unjustifiable. Mikel Arteta is not without faults, yes. But he’s done reasonably well considering we are his first job as a manager and the declining state of the club in terms of results, recruitment and player sales. Most of those problems have seen improvements and shows signs of further advancement. I now enjoy watching my Arsenal play and they fill me with more optimism for the future when compared to recent years. Do I expect more? Yes. But to act like MA has done little or nothing to aid our success is lying to yourself because of a subconscious bias. And some some are so good at lying to themselves.
The hypocrisy some people demonstrate is absolutely off the chart. And this is not directed at the Post Author but the commenters.
Here’s the Mancity squad of 2020:
Ederson
Zack Steffen
James Trafford
Nathan Aké
Eric García
João Cancelo
Aymeric Laporte
Luke Mbete
Benjamin Mendy
Rúben Dias
Philippe Sandler
John Stones
Kyle Walker
Oleksandr Zinchenko
Adrián Bernabé
Bernardo Silva
Kevin De Bruyne
Tommy Doyle
Fernandinho
Phil Foden
Claudio Gomes
İlkay Gündoğan
Jack Harrison
Felix Nmecha
Cole Palmer
Rodri
Sergio Agüero
Liam Delap
Ferran Torres
Gabriel Jesus
Riyad Mahrez
Patrick Roberts
Raheem Sterling
And here’s the Arsenal Squad of 2020:
Karl Hein
James Hillson
Bernd Leno
Arthur Okonkwo
Alex Rúnarsson
Mathew Ryan
Cédric
Calum Chambers
David Luiz
Gabriel
Héctor Bellerín
Rob Holding
Joel Lópex
Pablo Mari
Kieran Tierney
Miguel Azeez
Ben Cottrell
Dani Ceballos
Mohamed Elneny
Jordan McEneff
Martin Ødegaard 11
Thomas Partey
Emile Smith Rowe
Granit Xhaka
Pierre-Emerick Aubameyang
Folarin Balogun
Gabriel Martinelli
Alexandre Lacazette
Reiss Nelson
Eddie Nketiah
Nicolas Pépé
Bukayo Saka
Willian
From the Mancity squad, 9 players are still the First XI starters, that people deem world class.
From the Arsenal 2020 squad, only 4 are the XI starters. Saka, Martinelli, Gabriel and Odegaard. I am not counting Partey as he is as good as not in a team tbh.
Now, a question to all the intelligent folks here who can’t see where Arsenal have come in last 2 seasons from 2020, which of these 2020 squad do you think required more signings and spendings to be a solid team to compete for a title win? I know my comment will not receive any reply as such folks completely skim over any details that opposes their biased views and agendas. But for the sake of fairness, I commented.
How much have Arteta spent in his first four years compared to Pep first 4 years ? Arteta spent less based on players worth. Inflation made it look like Arteta have spent more but to be honest and realistic, if not for the inflation he hasn’t spent too much. How much will Kai worth in 2019, around 25/30 million. How much will Mendy that Pep worth in last Year’s market, probably a 100 million. Nuff said
Yep, the fact that we are discussing this matter is in itself stupid. But some people just can’t get enough apparently!
So what point are you making Daulat?
It was obvious that finishing 8th 8th and 5th wasn’t good enough, just as finishing 5th 6th and 5th previously wasn’t.
There’s no hidden agenda or bias in saying that… the hidden agenda and bias, was not admitting that we have become a club that had to buy itself out of that situation and the only way that could happen was for Mr Kronkie to ditch his self sufficient policy and back Mikel Arteta to the hilt.
That he’s done and we are seeing the rewards.
If he hadn’t, we would still be looking at the same kind of finishing positions identified above and, I repeat, there is nothing wrong in saying that.
No hidden agendas or bias, just plain facts.
Ken, it wasn’t directed at you. I agree the points you made. It was for the comments above yours.
And people completely ignore what has Pep done in the transfer window last few seasons. He let go Mahrez, Gundogan, Palmer. Especially with Gundogan and Mahrez, man city fans were fuming at the idea, and that caused significant trouble for man city in the midfield battles in the subsequent seasons. In the last 2 seasons, Pep could have lost the league to Arsenal and fans would be fuming at Pep that he let go such crucial players. Pep brought Grealish for 100mil, and he has been a flop basically. At least, Arteta’s 100 mil signing hasn’t flopped! Mistakes happen in transfer window, it’s about the cumulative results of transfer that matters, not the individual details. And the cumulative results of the signings that Arsenal has made, has Arsenal competing for the title in 2 consecutive seasons. That’s positive. Of course there has been transfer mistakes, but overall, they have paved the way to the point here. And we need more signings, one or 2 marquee ones to be able to finally topple Man City. Man City just have to fine tune their squad, Arsenal is still missing crucial players like a solid LB and a CDM and good backup players.
Daulat,
Your last sentence sums it up perfectly
Fine tuning.
It took City a while to get to the luxury of fine tuning here and there
Pep wins things
Wow! So, if he hadn’t won last season, you would criticize the same things he did. I got it.
Pep didn’t just win things last season did he ?
Regardless, wrong decisions are still wrong decisions. Even if Arteta wins, some will continue to highlight his mistakes. It seems that a manager from another club gets more support and understanding from Arsenal fans than Arteta does. Is this just disrespect for an inexperienced manager, or is there something more? I have questions.
Arsenal have spent huge sums in recent years and look like doing so again in this transfer window. The article rather airily says that Arsenal’s owners should spend [even] more money in the coming seasons.
Two points: first, the money spent is debt on Arsenal’s books – it’s not a gift from the owners. Kroenke didn’t become a billionaire by giving money away. According to a report by the respected Arsenal Supporters Trust, Arsenal’s debt now stands at around £520m – and it’s likely to increase with (even) greater expenditure.
Second, although Arsenal have done very well in the league in the last two seasons, the time is rapidly approaching when actually winning something (like the league, I don’t think a domestic cup will cut it) will be increasingly necessary, particularly for the expenditure being made.
The problem is that Arsenal can only “improve” in the league next season by winning it. If they get second again that’s clearly not an improvement. If they finish third (or less), then that’s obviously going backwards. The pressure, from the money spent and the need to get silverware, will be even greater on Arteta and the squad in 2024-25. Sooner, rather than later, Arsenal will need to show some “bang for the bucks” spent.
Arsenal Football Club is solely owned by the Kronkie family, as was Chelsea by Abramovitch.
All debts etc are therefore the responsibility of the owners and we saw how that affected Chelsea.
How is the Kronkie situation different from the Abramovitch situation Bertie Mees knees?
I’m not being confrontational, I just would like to know the answer – thanks.
Arsenal is a business entity within the Kroenke group (KSE) from which it receives loans and is charges interest on them by KSE. Those, along with other debts, would be on its books were the club to be sold by KSE. From The Arsenal Supporters Trust Report:
“Given the recent history of losses (almost £300m over five years) and massive investment in the playing squad, it is hardly surprising that Arsenal have had to draw increasingly on loans from KSE. Remember, KSE paid up the remaining original stadium debt early in 2020/21 to generate more financial freedom in the running of the club. In 2022/23 a further £16m was advanced by KSE and in 2022/23 a further £41m (net of the £5m capital contribution) was advanced taking their loan to £258m. This is a loan with a two-year notice period for repayment, notice which had not been given as at 31 May 2023.
“Equally significantly, net transfer debt (the net amount owed to other clubs for deferred instalments on player purchases) has grown from a whopping £193m at 31 May 2022 to £272m at 31 May 2023. These amounts include provisions for bonuses on appearances, etc.
“Given there has been a further net investment in players in 2023/24 of £156m and a quick estimate of cash that will be generated in 2023/24 for player instalments is around £129m, the combined level of transfer debt and KSE debt is going to increase still further – probably by in excess of £50m to something in the region of a combined £520m.”
Thanks for the reply BMK.
Now I’m probably being as thick as two short planks here, but I still cannot see why any debts owed by The Arsenal, are not the responsibility of the Kronkie group, if anything goes wrong.
I do understand that, if the Kronkies decide to sell, any loans etc etc will be part of the quoted selling price.
One other thing BMK, aren’t we still paying off interest regarding the Emirates and isn’t that the case until 2030?
i think our problem in not arteta our problem is edu in detail
1.our board room is quality and quantity less compared to other teams so our transfer dealing is so slow and painful
2.edus all signing is overpriced
3.we can’t finalize any deals with any negotiation obstacles
4.edu only works for his status on kroenke familys eye and he’s getting promotion year after year
5.arteta as we know he demanding modern manager but edu is struggling to fullfil artetas wishes
6.we failed to keep our academy stars this is efu failure
edu is not like monchi parateci even man utd changes director before days but he completed deals that start before his arrival but edu never ends deals by days i respect him as a legend but he’s not fit enough to arsenal
I thought that most supporters had wanted the Kroenkes out before Arteta came in because they were not investing enough on players and this led to Arsenal being left behind the competition and now that they’re investing there’s some few complaints. Man City is a machine it is today because of huge amounts of investments, even with them there’s been few hits and misses. Pep inherited a healthy squad, he took over a top class squad, that’s why I don’t understand when people start comparing his Man city with Arteta’s Arsenal. And for a fact Man city cheated on their way up (116 charges) and Arsenal on the other side have been doing things fair and are within the spending rules. Another point with selling and recouping some investment, is Man United, Chelsea and Man City have been investing in top players (expensive) consistently and that’s why they’ve been able to re-sell and recoup some of their investment and One thing with Arteta and Edu in that time is that they’ve trying to buy cheap and create their own superstars and it hasn’t always yielded the desired results hence the poor sellers tag.
Great post
As I have said before, the owner has provided the ammunition and it is upto the manager to provide the trophies. The owner has delivered. The thing is with Pep, his owners have provided the ammunition and he has delivered. The manager is the one that wins and loses trophies with his lot.
It does – and must – come down to silverware in the end because it’s what professional football (at top club level) is all about. Unfortunately, few people remember runners-up.
Arsenal’s very good performances in the league in the last two seasons will put more pressure on Arteta and the squad going into 2024-25. Anything less than winning the league will be seen as a setback (if the word “failure” is too harsh to use in this context). That will be more so if, as seems likely, there’s yet another big transfer expenditure over this summer.
Personally, I think it would have helped if Arsenal had picked up a domestic cup or two in the last few seasons – just to have that silverware in the trophy cabinet and to help create that “winning mentality”. That’s not happened as most, if not all, of Arteta’s “eggs” have been put into the league winning basket. Anyway, we are where we are so let’s hope 2024-25 is the breakthrough season.
So now the fans are not happy about the spending when since Kroenke became the majoirty shareholder back from 2008 the same fans were complaining about his lack of spending.
Now that he is spending they are also not happy as he is spending too much?
Or is it just another sneaky biased go at Arteta but dressed up as a real concern?
Some fans will never be happy as long as Arteta is manager. They would rather Arsenal go back to the Banter years than enjoying the rise of Arsenal through Arteta. I bet if it was another manager that they preferred the they wouldn’t have been this unhappy even if the club is in a much better position it has ever been since 2004..
Isn’t it?
“Or is it just another sneaky biased go at Arteta but dressed up as a real concern?”
You nailed it!
I bet some are having this nightmare:
“Oh, the tragedy if Arteta clinches the league with all this support from the owners. And all our efforts at poisoning the well would all come to vain. We might have to actually cheer Arteta in the years to come! Wake up! Wake up!”
And they come to JA to comment after waking up from this nightmare.
Again Daulat, do you REALLY believe that ANY Arsenal supporter / fan wants to see MA fail?!
What nonsense from someone who I usually respect.
See my post below and I have to ask you this – is it YOU who has an agenda against anyone who questions Mikel?
Ken, I understand that my comments can sometimes come across as aggressive. But it hasn’t always been this way. I discovered JA quite some time ago when I was looking for a place to discuss the club I follow and love, ever since the Wenger era began. Wenger’s Arsenal was the club I fell in love with, and I have immense respect for him and his contributions, not just to Arsenal but to football as a whole.
You might see me commenting that promoting youth isn’t a viable option in modern football if the goal is to win the league. I admired how Wenger managed youth and the resources he had, and it was a point of pride for me when talking about Arsenal. However, times have changed, and I can’t rationally compare Arteta or any other manager’s decisions to Wenger’s. It seems logical to me that with the evolution of football, strategies that were once considered genius may no longer be effective. I wasn’t happy when Wenger left the club; quite the opposite. But with Arteta as the manager now, I have to be open-minded and acknowledge the positive things he has done. While he has flaws, they are not insurmountable. He is relatively young for managing a club like Arsenal and has been challenging Pep for the last two seasons. People often focus on the backing Arteta receives but forget that no sane business would fund an inadequate manager.
What frustrates me when I visit JA is seeing people talk as if Arteta has no redeemable qualities as a manager and attribute every good decision he makes to other factors. Hearing such irrational criticisms makes me wonder if there are people who genuinely don’t want Arteta to succeed. While there aren’t many, there are a few, and this perception probably won’t change until Arteta wins the league and receives praise from the same individuals.
Criticism is necessary, but if you only hear criticism and no praise where it’s due, it almost always indicates an agenda. This applies in reverse as well, where there is only praise and no criticism. I don’t have an agenda; I see Arteta’s flaws and have questions about his abilities because I haven’t seen enough of certain scenarios. For example, his ability to deal with superstars, his youth integration, and his squad management. However, I also recognize that there may be contexts to these question marks. Youth integration is easier said than done, and many youngsters aged 18 or below are too young to be handled carelessly. The pressure of first-team football, the limelight, and undesirable scenarios from fans and media can be overwhelming. The bigger question is whether relying on youngsters and putting them under immense pressure during a title run is worth it.
Similarly, squad management has a lot of context. A manager always has to work with current ideas about the players, which can differ drastically from a season ago. Players don’t develop linearly; sometimes a player may seem like a solution but doesn’t pan out over time. This is part of the management process. Assuming hidden agendas from a manager against certain players and forming irrational conclusions seems uneducated to me.
Right now, I have questions about Arteta in certain scenarios, but I can’t dismiss the good things he has done for Arsenal. Ranting day and night about the question marks without acknowledging the positives clearly reeks of an agenda.
I agree with you; no Arsenal supporter wants to see MA fail. However, I don’t believe that every community built around a common idea consists solely of supporters. I’ve been in too many groups and communities to know that firsthand.
Daulat, thank you for such a in depth and thoughtful reply.
As I said, I was surprised by the tone of your reply, especially as it seemed out of context with your other thoughts.
I do believe that we ALL sometimes forget that JA is a site that consists of fellow Arsenal supporters, who have differing views, but, ultimately, want exactly the same things – A successful and dominating Arsenal.
I remember the split during AW’s final couple of seasons and it caused the same kind of friction THAT we see today, but for different reasons.
It was Arsene dividing the base, while it’s the fan’s themselves who are arguing with each other and trying to score points against each other.
Without trying to bring age into the discussion, those of us who have been around the block a few times, know what it was really like to support The Arsenal, when the spuds were top dogs in north London and we were losing to clubs like Blackpool, Peterborough, Swindon and Walsall to name just a few.
What we perceive today as a crisis, is a drop in the ocean, but the fans back in those dark days always stayed together and supported the manager, players and each other with unswerving loyalty.
It seems success has brought division and contempt of a different point of view.
Again, I thank you for your reply and hope we can have some positive debates in the future.
“What we perceive today as a crisis, is a drop in the ocean, but the fans back in those dark days always stayed together and supported the manager, players and each other with unswerving loyalty.”
I agree with you. As a fan, I always support the players and manager when I see their dedication and effort. I’ll only criticize if I feel their hearts and minds aren’t in the right place. Isn’t that what supporting a club is all about? If we don’t back the players and manager when their intentions and loyalty are clear, can we really celebrate Arsenal’s major victories with a clear conscience? My morals won’t let me rejoice in a win if I constantly criticize without acknowledging the positives. That’s my concern with a few people here.
I understand that as a community member, you’re frustrated by comments suggesting a divided Arsenal community. I was careful not to contribute to that perception when I first joined JA, especially since Arsenal wasn’t performing well in Arteta’s early years. The criticisms seemed justified then, and the critics didn’t stand out. However, in the last two seasons, a few individuals have consistently made harsh remarks without recognizing any positives. It seems odd for an Arsenal fan not to celebrate a good win or good football by their beloved club but instead dampen every positive moment. No true fan would do that, or they might just be unhappy people who enjoy spoiling others’ joy. I’ve tried to engage with counter arguments and have asked questions to understand the thinking and ideas behind such harsh comments, but I never get answers. This tells me I shouldn’t waste time trying to understand their motives. Instead, I’ll ignore them and call them out when necessary.
As always, it’s a pleasure talking to you. I really appreciate your well-balanced and surprisingly calm takes on matters, especially considering how some people here can frustrate me and provoke aggressive reactions.
Daulat,
Your penultimate paragraph was quite revealing.
Logically, why would an Arsenal supporter find it so difficult to find positives in the progress that have been made? Having been pro Arteta fairly consistently over the 4 plus years , I find it disappointing that there are just a few who cannot bring themselves to be positive.
I am not surprised that having vociferously been against Arteta, it is difficult for some to reconsider their previous positions. In a post year ago he was referred to as a fraud. How can you come back with a positive viewpoint, if that is your default setting?
What I do think, and this is very much part of human nature, is that there is a fear of an “I told you so” reaction to the steady improvements by those who were particularly in favour of Arteta. I did read a couple and thought it was entirely unnecessary.
Equally, if MA and Arsenal fail to deliver sufficiently in the forthcoming season, I wonder if there will be a couple of posters who currently still find nothing to like about Arteta will be doing the same thing? I think it is human nature to want to be right and saving face is part of it. It has nothing at all for wanting Arsenal to fail.
No one’s unhappy that Kronkie is spending the money to support Mikel.
Of course we were unhappy when he didn’t support either AW or UE, but to his credit, he has a a man of his word and backed MA to the hilt.
MA has paid him back, with CL money for two seasons and 2nd place in the PL – I think that’s roughly around the £100 million mark.
Why anyone would think that Arsenal fans want MA to fail, is beyond me, just as it was beyond me when fans were, supposedly, wanting AW and UE to fail.
I agree that in all three cases there were/are a few crackpots who called themselves Arsenal supporters, but the continuing agenda to try and divide the fanbase is tiresome and unnecessary.
Every manager will make mistakes and one of the things I admire about Mikel, is that he openly admits to his.
Dear old Arsene never saw anything negative and Unai blamed everyone but himself!
I don’t think MA will be under any pressure from the Kronkies if he doesn’t win anything but qualifies for the CL and (obviously) a top four place because of the revenue coming in, but it will be a different situation with the fans, as I read that nigh on everyone says we must win something this coming season – not my position though.
Ken
Sorry to jump the train on your conversation, but I may have an explanation for you.
Perhaps some accuse others of wanting Arteta to “fail” because they themselves were wanting Wenger and Emery to fail.
It’s not about “failing” but rather achieving. Arteta is a good manager in my opinion, but has yet to deliver silverware with his squad he built.
City is blamed, VAR, refs, even blame fellow Arsenal fans.
I want Arteta and Arsenal to win silverware, I’m not against Arteta. He has investment unlike anything seen by Wenger or Emery. Selling players for losses or even ripping up contracts, he has removed obstacles other mangers did not or could not.
We have improved which is delightful, but will we be Champions under Arteta?
As a fan I hope so, but I see Arteta as a manager, no different than those hired before or to be hired in the future.
Perhaps some place him on a pedestal that I do not, hence their misunderstanding of failure.
Such a sensible post Durand and one I concur with 100%.
You and I, amongst many others, questioned MA’s early days and were accused of being anti Arsenal.
I don’t remember either of us saying that we wanted Mikel out, but kept asking for clarity as to what his aims and measurements were.
That seems to have made us “anti Arsenal” supporters!!
If it wasn’t so ridiculous, it would be obnoxious.
To many of you so called supporters have seen to much success. Having never missed a season since 1949 , a season ticket holder for 60years. I have watched games where I thought I might make the team , yes we were that bad.
But still I went and still I cheered , that’s what supporters do. If that’s not you ten support a team that’s never won a thing
100% agree with you Ted and you have three years on me!!
Some of the dire performances that 1971 we had to watch, especially when Billy Wright was in charge, were excruciating, but we always lived in hope and that 1971 double winning season was worth all the heartache.
I wonder how many of today’s fans would stay true to The Arsenal, if those dark days returned?
My saddest memory at Highbury, was being able to walk from the north bank to the clock end via the east stand when we were playing Blackpool.
You could have had a picnic on the terraces, as the crowd was around 17,000 I believe and the biggest insult?
Fans wearing red and white scarves were actually laughing at our performance and, of course, we lost!!
Bitter sweet memories indeed.
Ken, I read about the attendance of Billy Wright’s last game of his managerial career at The Arsenal against Leeds Utd, it was just under over 4,500.
My first season of going to The Arsenal was the 75/76 season. We finished 17th and it really was a fight against relegation. We still got behind the team with our support. Seasons like that make winning silverware all the more sweeter.
Absolutely HD.
I was at that game versus Leeds and it was soul destroying.
Did you ever imagine we would be the powerhouse we are today in England?
Hoped we would of course!!
As you say, it makes where we are today even sweeter for those of us who stuck with our club – not much choice really though, was there?
only asernal supporter can understands. ofcourse we need to achieve something but honestly the club is on its best. we just need lucky to tun everything. gunner is an oiled machine at the moment
I remember the home game against Sheffield United in my first season, under 15,000 were there. Back page of one of the Sunday papers had a photo of a virtually empty Clockend.
I lived in hope during those days, always hoping we would win some silverware, but never demanded it. Never in my wildest dreams did I ever think we would go on to do the things we’ve done since ’86. Wembley ’87, Anfield ’89, Wembley ’93, Copenhagen ’94, and then the Doubles and the Invincible season. Yes there was some bad times in those years, but the good times live forever.
👍👍👍