CEO Ivan Gazidis, speaking at Arsenal’s AGM today, has revealed the Gunners are no longer a selling club.
Gazidis admitted financial restrictions had forced Arsenal to sell some of their biggest names in recent years, but that increased revenues now allowed them to keep top names by paying “market value” salaries.
Arsenal have narrowed the gap in recent years in terms of total player salaries compared to the average of other major clubs.
In 2015/16, Arsenal received only £2m from player sales, but Gazidis confirmed that £50m of cash reserves currently being held in the property arm of the company is “fully available” for new player signings.
Other subjects raised included the possibility of safe standing – “Arsenal retain an open mind”, according to chief executive Ivan Gazidis – supporters leaving the Emirates before full-time and the prospect of keeping star men Mesut Ozil and Alexis Sanchez.
Both are out of contract in 2018 and Gazidis said: “We have a good track record in recent seasons of retaining our key players, developing young players and attracting new players.
“I can’t get into a discussion on individual players but can assure you we will apply the same focus, rigour and diligence to members of our current squad and I think you can see the direction of travel.”