With the ending of the 2020 summer international transfer window in England, Arsenal Football Club has recorded a deficit of £67 million in transfers for the period under view.
This deficit is largely swelled by the deadline transfer of Thomas Partey from Athletico Madrid to Arsenal for the sum of £45 million, contributing about 67.2% of the total deficit.
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The deficit was a result of high-payments for the transfer of players into the club and low receipt for outgoing players. A cursory look at the information available at the official website of the English Premier League revealed that Arsenal recorded a total of 28 transfers, with 11 incoming players and 17 players leaving the club between 27th of July to 5th of October, 2020.
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While Arsenal FC paid £87 million to sign in players, it only recorded a £20 million transfer fee for an outgoing player, Emiliano Martinez, who was sold to Aston Villa. The other outgoing 16 players were either released or loaned, making it about 94.12% of the outgoing players that earned no substantial amount to the club.
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Although the summer transfer is still open only for domestic transfers, the breakdown of the £87 million spent by Arsenal FC so far include: £45 million paid to Athletico Madrid for Thomas Partey, £27 million paid to Lile for Gabriel, £14 million to Flamengo for Pablo Mari and £1 million to Dijon for Alex Runarsson. Other players were either brought in through loan, free, or for an inconsequential or undisclosed fee.
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Compared to the summer of 2019/2020, the spending powers of Arsenal FC were slightly decreased moving from £118.5 million spent in the summer of 2019/2020 to just £87million so far, representing a 26.6%. This might be due to the pandemic which affected the finance and spending powers across the board in the elite leagues in Europe
Great!!! Am so happy for the new signing. Up Arsenal