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Football London
Football London
Sport
Tashan Deniran-Alleyne

Arsenal announce £10.4m profit as Edu begins exciting process to fund future transfers

Arsenal's financial results for the 2021/22 campaign have highlighted an area where Edu Gaspar is slowly making an improvement.

The big headline from the results for the year ending May 2022 which were published on Friday morning is the operating loss of £45.5m. However, in truth, the picture looks positive for the Gunners when taking into account that they recorded losses of £107.3m for the previous year.

No European football last season for the first time in over two decades is listed as the primary factor for the loss, but the role Edu - recently appointed as Arsenal's first-ever sporting director - has played in the lowering of the club's wage bill by £32.1m has also been given the spotlight.

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