Arsenal might again experience a barren summer transfer following their unexpected exit from the Europa League on Thursday.
The Gunners were dumped out of the tournament after suffering a 2-1 (aggregate 2-2) defeat by Olympiacos at the Emirates Stadium, and it is reported this could cost the club £60million in lost revenue.
According to the report, managing director Vinai Venkatesham is “still counting the full cost” of the exit with Arsenal banking just £15million from this year’s tournament.
The report further claims Arsenal made £40million for making it to the final of the competition last season, but still reported a loss of £27.1million in their latest financial results because they missed out on the Champions League.
This, therefore, means Arteta’s plan of acquiring the services of Dayot Upamecano of RB Leipzig, Bayer Leverkusen centre-back Jonathan Tah and Gent striker Jonathan David could be left in doubt.
The Gunners will also have to work harder to convince their wantaway players Pierre-Emerick Aubameyang and Lacazette to stay at the club.
Barcelona and Real Madrid are among the big clubs that have shown their intent to secure the signature of the Gabonese striker, and it may be hard to answer why Aubameyang could stay at Emirates while big clubs are looking for him.