Arsenal fans will be concerned to see the stark differences in their finances compared to rivals Tottenham.
It’s been no secret that Arsenal have struggled with certain aspects of their finances in recent years, handing out a £350,000-per-week contract to Mesut Ozil they were quickly left to regret, among other transfer decisions.
The Gunners have lost valuable assets like Aaron Ramsey for free, but they have made progress in recent months, offloading Ozil, as well as seeing defenders Shkodran Mustafi and Sokratis both depart.
The report shows that between 2016 and 2020 Arsenal lost a whopping £199.13million, the sixth most across the Premier League.
That compares to a healthy profit made by Tottenham, worth £57.02million, though those figures may not include some of the costs relating to the new stadium.
Even so, the difference will be a concern for Arsenal fans who have longed for better transfer decisions in recent years, something they have seen improvements in this season with wages slashed from the books in January.
Tottenham, meanwhile, will be delighted to see Daniel Levy is still running a tight ship, and it’s paying off with Spurs six points better off in the table as things stand.
By signing up for our Arsenal newsletter, you will receive a once-daily email, focused around goings-on at Emirates Stadium.
You won’t miss a thing when it comes to the Gunners – you’ll get all you need to know directly into your inbox.
We’ll also send out special newsletters with any big breaking news too.
And with the January transfer window now open there’s plenty of content to get your teeth into.
How do you sign up?
It’s easy and only takes seconds.
Simply type your email address into the box at the top of this article – or any article on the Arsenal section of football.london in fact – labelled ‘Get the biggest daily stories by email’ and click ‘Subscribe’.
And that’s it, you’re all set.
If you decide later that you no longer wish to receive the emails, simply follow the unsubscribe link in one of the newsletters – but we don’t think you’ll want to.
For more details, click here.
Elsewhere, Manchester City made a loss of £254.67million, while Manchester United lost £187.44million.
Everton made the second-biggest loss, racking up a deficit of £292.23million with only Liverpool (£145.98million), Burnley (£79.83million) and West Brom (£5.82million) making a profit, aside from Tottenham.
Concerningly, the total deficit for the Premier League for this period was a whopping £2.07billion, which doesn’t bode well as clubs continue to search for ways to deal with the loss of revenue through not having supporters in attendance amid the coronavirus pandemic.
And crucially, those figures do not include what are likely much more daunting numbers from last season, when teams first felt the pinch of losing supporters.