English Premiership

Arsenal to splash more cash

2013-09-23 19:27
Arsenal celebrate (Getty Images)

Sexiest soccer fans!

2013-09-23 13:48

Watch a video of the world's sexiest soccer fans!

London - Premier League leaders Arsenal are prepared to spend more on their squad after the record signing of German playmaker Mesut Ozil, the club's chairman said on Monday.

The arrival of Ozil for £42.5 million at the start of the month has lifted the mood among supporters angry at the departure of striker Robin van Persie and Cesc Fabregas over the past two years.

Arsenal have not won a trophy since 2005 and some fans of the north London club had questioned the club's ambition under Stan Kroenke, the American sports entrepreneur who is its majority shareholder.

Chips Keswick, whe became Arsenal chairman in June, said manager Arsene Wenger would be given more money to spend as he reported another season of financial profit off the pitch.

"With the Ozil transfer I believe we have made a significant statement and when Arsene decides the time is right to invest again, Stan Kroenke, myself and the rest of the Board will be delighted to support him," Keswick said in a statement.

Keswick said Arsenal would stick to their principles of running a financially sustainable club and developing young players but said their ambition should not be questioned.

"We have a controlling owner in Stan Kroenke and a Board which is united in our resolve to keep Arsenal Football Club at the pinnacle of the game both here and in Europe."

The sale of striker Van Persie to Manchester United helped Arsenal remain in profit in 2012-13.

On the pitch, United won a record 20th English league title, helped by 26 goals from Dutchman Van Persie.

Arsenal finished fourth to clinch a spot in the lucrative Champions League for a 16th successive season.

Profit before tax was £6.7 million in the year to the end of May, down from £36.6 million a year earlier, Arsenal said.

The club made a £47 million profit on the sale of Van Persie and Alex Song, the midfielder who moved to Barcelona. However, the club said it had invested £58.7 million on buying new players and extending contracts, before the addiitonal spending on Ozil.

Arsenal currently lead the Premier League on goal difference from arch rivals Tottenham Hotspur.

Read more on:    arsenal  |  english premiership  |  mesut ozil  |  soccer

What To Read Next


Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

Saturday, 16 December 2017
Leicester City v Crystal Palace, King Power Stadium 14:30
Stoke City v West Ham United, Bet365 Stadium 17:00
Arsenal v Newcastle United, Emirates Stadium 17:00
Chelsea v Southampton, Stamford Bridge 17:00
Brighton & Hove Albion v Burnley, The American Express Community Stadium 17:00
Watford v Huddersfield Town, Vicarage Road Stadium 17:00
Manchester City v Tottenham Hotspur, Etihad Stadium 19:30
Sunday, 17 December 2017
West Bromwich Albion v Manchester United, The Hawthorns 16:15
AFC Bournemouth v Liverpool, Vitality Stadium 18:30
Monday, 18 December 2017
Everton v Swansea City, Goodison Park 22:00
Team P W PTS
Previous Results

Date Home Team Result Away Team

Who will claim the Premier League title at the end of the 2017/18 season?

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

English Premiership flutter

Take Sport24's "expert" tips at your peril...


The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.