Arsenal’s current wage bill is reportedly larger than Chelsea’s for the first time in over a decade, according to reports in the Telegraph.
The Gunners have announced their latest financial results for the year ending May 2014, where it was revealed that their annual wage bill had increased to £166.4 million, with revenues exceeding £300 million for the first time in the club’s history.
The summer transfer window activity is not included in the accounts, but the report states that increase to the wage bill following the arrivals of Alexis Sanchez, Danny Welbeck, Mathieu Debuchy, David Ospina and Calum Chambers will be around £15 million. That would put the wage bill for the current Arsenal squad at more than £180 million, although the figure may fluctuate slightly depending on performance-related bonuses and certain clauses in specific player’s contracts.
The report states that Chelsea’s most recently released wage bill from 2012-13 season stood at £176 million, but that particular figure has stayed pretty much the same over the past two years with the departures of older players like Frank Lampard, Ashley Cole and Fernando Torres.
However, there is good news in there as the club also confirmed that they are sitting on cash reserves of £170 million, although that does not include their transfer activity from the summer. The Gunners spent around £78 million over the summer on players including Alex Sanchez and Danny Welbeck although the net spend was only around £46 million.
Even with the most conservative estimate of money available, such as if Arsenal failed to reach next season’s Champions League group stages, Wenger had £60 million more at his disposal this summer than he spent. With the revelation that there is so much money in Arsenal’s bank account, is sure to prompt renewed debate among the supporters over why Wenger is not spending it.
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The Gunners will need some reinforcements in defence if they are to challenge for the title this season and hopefully with so much money available they will spend some in January. The management probably wouldn’t mind heading slightly close to the red if the result was more trophies.