I told you so.
Back in April I wrote about Arsenal’s £40m lie.
With blog was aimed at dispelling the media lies that Arsenal had just £40million to spend.
Within the blog I stated “our total summer transfer spending will be close to £140million”. Arsenal actually ended up spending over £140million,
Numerous times on Twitter, both myself and GC tried to put people straight:
Most did not listen. Most continued spreading the lies.
The truth is Arsenal’s budget was £40million. But it was not £40million to spend on transfer; it was £40million that Arsenal could increase costs by.
This included amortised transfer fees, agent fees and salaries.
Players leaving have saved Arsenal £30million in salaries. New player salaries come to about £25million. amortised transfer fees are £40million.
That means our yearly costs have increased by around £35million. just inside the £40million mark.
It has been a fabulous summer transfer window for Arsenal. The best in a decade?