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Transfers
What Fabrizio Romano has just said about £25m Arsenal target is ‘total nonsense’
Arsenal have not significantly deviated from the trend of a modest spending summer across the Premier League, but recent days have shown some signs of life.
Riccardo Califiori from Bologna and David Raya, who has made his loan deal from Brentford permanent, have been the Gunners’ only sig♐nings so far.
The absence of huge 🅷Saudi Pro League cash in the transfer system and the issues surrounding the Ligue 1 TV deal have ledꦗ to a lack of liquidity in the market.
Sporting director Edu Gaspar meanwhile has reportedly told Arsen𒆙al fans to have patience when it comes to transfer activity, suggest🌃ing there could be late moves in the remaining weeks of the window.
Former Paris Saint-Germain midfielder Adrien Rabiot, currently⛄ a free agent, is admired by Arsenal, while a blockbuster mꦐove to the Emirates is not out of the question for Napoli’s Victor Osimhen.
More concretely, Arsenal have been heavily linked with £20m-valued Real Soci🐠edad midfielder M꧑ikel Merino, who has less t𒊎han a year remai♕ning on his contract.
It is believed that the North London club are in advanced talks with the Basque Country outfit, with a fee for the ▨Spain internat𓃲ional still not agreed.
However, one expert has suggested that one claim relating to Merino from transfer guru Fabrizio Romano is well wide of the mark.
- READ MORE ARSENAL NEWS: £20m player co👍uld finally decide to sign for Arsenal imminently
Arsenal have no PSR issues, says expert
Late l▨ast week, Romano suggested that Arsenal were pro𒅌gressing in talks to sign Merino but that the structure of the deal would be key due to financial fair play (PSR/FFP) concerns.
However, finance expert and former Man City adviser Stefan Borson pos𝕴ted on : “This is nonsense. Ars𓆉enal have no PSR issues.”
In the replies to his post, Borson insisted Arsenal have “big PSR capacity” and that the perception that David Raya’s permanent move to Arsenal had been delayed as a🎃 result of PSR was a “total myth.”
Looking at the Gunners’ accounts – as well as analysis from fellow financial experts Kieran Maguire, Swiss Ramble and more – it is hard to disagree.𒅌
Prem🎀ier League clubs are allowed to lose £105m over a rolling th🎀ree-year period.
Arsenal lost £52.1m in 2022-23, but PSR-dedu✤ctible expenses will ha🍨ve softened that blow considerably when it comes to their final calculation.
Their return to the Champions League in 2023🧜-24 will have bolstered theirꦑ PSR capacity, while the expensive signings of Declan Rice and Kai Havertz are amortised over five years.
In 2024-25 meanwhile🎶, commercial income is expected to surpass the £200m barrier – potentially by quite a margin.
That wil🉐l further insulate them from any anxieties around PSR.
What is Arsenal’s transfer budget this summer?
Arsenal can likely post a £50-80m loss and remain compliant wi🃏th Premier League PSR this coming season.
UEFA’s rules have a lower loss limit than the Premier League and a squad cost ratio🍌 that is set at 80 per cent for 2024-25, but Arsenal should be fine in this category too.
The sales of Emile Smith Rowe to Fulham, plus the potential exits of Eddie Nketiah and Reiss Nelson, all cou♔nt as pure profit under PSR due to their academ🦂y status.
That gives Arsenal even more headroom to spend big – with the significant caveat that the Kroenke r🍷egime would need to bankroll any financial losses incurred as a result.﷽