Announced – Arsenal Budget For 2018 Summer Transfer Window

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Having finished sixth in the league this season, Arsenal faithfuls are hoping their club’s board of directors would release massive funds in the summer in their bid to recruit quality players who would help turn things around in the upcoming season.

To the surprise of many fans and pundits, the Gunners incoming manager — who is believed to be Mikel Arteta — will be given only £50m to buy the players he would love to work with ahead of next season.

The North London club, over the years, are known for spending minimal cash in every transfer period and that seems to remain the same in the summer as reports emerging from the Emirates stadium via the Telegraphclaims only £50m would be spent despite receiving £142,042,073 from the Premier League for finishing sixth.

In other Arsenal news, Greece international Sokratis Papastathopoulos is edging closer to his much-anticipated move to the Emirates Stadium, according to Sky Sports pundit Kaveh Solhekol. “They’re saying that a deal is ‘very, very close’ he said.

It remains to be seen if a deal is truly close or not. Arsenal are also still in the chase to sign or announce Wenger’s replacement. The Gunners have lots of options. However, it seems they would prefer Mikel Arteta – a former captain – as the coach of the side.

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