More potential bad news on the owner-front for Arsenal fans, with a report suggesting that the club are facing a reduced transfer budget this summer in the wake of fines imposed by UEFA for the attempt to break away into the Super League.
Owner Stan Kroenke will pay a ‘goodwill gesture’ fine of around £1.44million to appease UEFA, but that payment will be direct from the American and not the club itself. According to the Mirror, money deemed as ‘owner funding’ triggers into Financial Fair Play rules.
Such a payment is likely to impact the amount of funds at the disposal of current manager Mikel Arteta, who will almost certainly want to continue to re-shape the squad, despite adding the likes of Thomas Partey and Gabriel, as well as Pierre-Emerick Aubameyang’s lucrative contract extension.
Arsenal are almost certainly set to miss out on European football next season, costly in itself, but combined with the owner’s mis-step on the Super League and subsequent ‘fine’ it’s been a disaster on and off the pitch.
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