Keswick has good news for Gunners fans.
Arsenal chairman Sir Chips Keswick has some good news about the club as £120.6m of cash reserves are announced, as are new contracts for senior players.
Arsenal profit on player sales (in 6 months to Nov 30 2013): £6.1m. Cash reserves up to £120.6m
— Rob Harris (@RobHarris) February 14, 2014
Arsenal chairman: “Expect to be able to confirm, in the near future,that a number of our senior players have signed extended contracts”
— Rob Harris (@RobHarris) February 14, 2014
Keswick took up his current role in June 2013 and has overseen the north London club’s continued steady finances, whilst others around them spiral into debt.
Despite spending a club record £42.4m on Mesut Ozil in the summer the Gunners have still reported profits on transfers in and out of the Emirates Stadium.
The club has been commended for their financial security, coupled with success in the sense that they haven’t failed to qualify for the Champions League since manager Arsene Wenger took charge in 1996.
However, the fact that the side have not won a trophy since their FA Cup triumph in 2005 is starting to grate on many fans and there is call to spend more money in the transfer market.
The signing of Ozil from Real Madrid did go some way to silencing those crictics, but many still think more needs to be done to end Wenger’s nine-year silverware drought.
There is some good news though as the senior players signing new deals are thought to be Per Mertesacker and contract rebel Bacary Sagna.
Arsenal chair says club set to confirm soon “senior players have signed extended contracts.” Mertesacker & Sagna those previously indicated
— Rob Harris (@RobHarris) February 14, 2014
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