Arsenal fans call for further investment - claiming £42.5m signing of Mesut Ozil leaves Arsene Wenger with £80m to spend

Arsenal Supporters' Trust want the manager to continue the spending throughout the next two transfer windows after saying the signing of Ozil has signalled a change in the club's approach

Having seen Mesut Ozil arrive for £42.5m on transfer deadline day, Arsenal fans are not satisfied just yet after supporters’ groups have called for further investment in the squad across the next two transfer windows following the club’s announcement of its financial figures, which revealed they still have the largest cash reserves of any Premier League club.

With yesterday’s announcement revealing figures for the year ending May 2013, the club had £153.5m in the bank, although that does not take into account the summer activity which saw both Ozil and Emiliano Viviano signed on the final day of the transfer window.

The Arsenal Supporters’ Trust believes that manager Arsene Wenger should have up to £80m to spend on new players when taking into account the summer transfer spending and the business costs of running the club.

Their much publicised financial power has come from a new commercial deal with Emirates airlines and an expected new kit deal with supplier Puma, although that agreement is yet to be confirmed.

The full effects of those deals will be felt in next year’s results, meaning that Arsenal’s long-term financial future is looking to be fairly promising, although the pre-tax profits were down from £36.6m to £6.7m due to a reduction in the sum received in player sales.

Last year’s figures were boosted by the sales of Robin van Persie to Manchester United and Alex Song’s switch to Barcelona, although the club are no longer paying the long-term deals to underwrite their 2006 move to the Emirates.

Club chairman, Sir Chips Keswick, announced in a statement that the acquisition of “one of the world’s best players” in Ozil shows the club are now in a position to battle for the signature of world-class players.

He did however admit that the club would continue to develop its own talent from the academy – something that Wenger has taken great pride in during his time in charge.

"It is my job to ensure we steer further along the course we have set," Keswick said. "We must continue to grow commercially to provide the club with the best opportunity to achieve success and we must do this in a way which remains true to our values and which ensures and protects the long-term sustainability of the club.

"With the Özil transfer I believe we have made a significant statement and when Arsène decides the time is right to invest again Stan Kroenke (owner), myself and the rest of the board will be delighted to support him."

The AST, which had called for a change in the club’s approach and more investment in the squad, believe that the 2012-13 season results would represent "the last year of Arsenal selling its best players to achieve profitability as the substantial increases in revenue from both renewed TV contracts and commercial deals come on stream"

"We are encouraged that since the season ended much progress has been made by Arsenal to remove the non-performing players from the wage bill. This pruning has allowed scope for more concentrated wage spend," said an AST spokesman.

"Looking forward, Arsenal are in a healthy financial position, with substantial cash reserves. The AST continues to urge the club to invest the money it has to further strengthen the current first-team squad and improve the chances of winning silverware. Substantial funds are available for additional transfer and wage spend without affecting self-sustainability."

With Wenger’s contract up for renewal at the end of the season, Keswick also underlined the board’s confidence in the Frenchman, and who they believe has the right approach to bring success back to the club.

"We have a manager in Arsène who is as focused and determined to win trophies as he was when he first arrived," said Keswick, who took over from former chairman Peter Hill-Wood in June.

Sport
Farah returns to the track with something to prove
Commonwealth games
News
John Barrowman kisses his male “bride” at a mock Gretna Green during the Commonwealth Games opening ceremony
peopleBarrowman's opening ceremony message to Commonwealth countries where he would be sent to prison for being gay
Voices
voicesGood for Lana Del Rey for helping kill that myth, writes Grace Dent
Sport
Shinji Kagawa and Reece James celebrate after the latter scores in Manchester United's 7-0 victory over LA Galaxy
football
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Arts and Entertainment
The Tour de France peloton rides over a bridge on the Grinton Moor, Yorkshire, earlier this month
film
Life and Style
fashion Designs are part of feminist art project by a British student
News
Very tasty: Vladimir Putin dining alone, perhaps sensibly
news
Life and Style
Listen here: Apple EarPods offer an alternative
techAre custom, 3D printed earbuds the solution?
Arts and Entertainment
Top guns: Cole advised the makers of Second World War film Fury, starring Brad Pitt
filmLt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a uniform
News
The University of California study monitored the reaction of 36 dogs
sciencePets' range of emotions revealed
News
Snoop Dogg pictured at The Hollywood Reporter Nominees' Night in February, 2013
people... says Snoop Dogg
Arts and Entertainment
A scene from Shakespeare in Love at the Noel Coward Theatre
theatreReview: Shakespeare in Love has moments of sheer stage poetry mixed with effervescent fun
News
Joining forces: young British men feature in an Isis video in which they urge Islamists in the West to join them in Iraq and Syria
newsWill the young Britons fighting in Syria be allowed to return home and resume their lives?
Arts and Entertainment
The nomination of 'The Wake' by Paul Kingsnorth has caused a stir
books
News
i100
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform
Climate change threatens to make the antarctic fur seal extinct

Take a good look while you can

How climate change could wipe out this seal
Should emergency hospital weddings be made easier for the terminally ill?

Farewell, my lovely

Should emergency hospital weddings be made easier?
Man Booker Prize 2014 longlist: Crowdfunded novel nominated for first time

Crowdfunded novel nominated for Booker Prize

Paul Kingsnorth's 'The Wake' is in contention for the prestigious award
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned

Vladimir Putin employs a full-time food taster

John Walsh salutes those brave souls who have, throughout history, put their knives on the line
Tour de France effect brings Hollywood blockbusters to Yorkshire

Tour de France effect brings Hollywood blockbusters to Yorkshire

A $25m thriller starring Sam Worthington to be made in God's Own Country
Will The Minerva Project - the first 'elite' American university to be launched in a century - change the face of higher learning?

Will The Minerva Project change the face of higher learning?

The university has no lecture halls, no debating societies, no sports teams and no fraternities. Instead, the 33 students who have made the cut at Minerva, will travel the world and change the face of higher learning
The 10 best pedicure products

Feet treat: 10 best pedicure products

Bags packed and all prepped for holidays, but feet in a state? Get them flip-flop-ready with our pick of the items for a DIY treatment
Commonwealth Games 2014: Great Scots! Planes and pipers welcome in Glasgow's Games

Commonwealth Games 2014

Great Scots! Planes and pipers welcome in Glasgow's Games
Jack Pitt-Brooke: Manchester City and Patrick Vieira make the right stand on racism

Jack Pitt-Brooke

Manchester City and Patrick Vieira make the right stand on racism
How Terry Newton tragedy made iron men seek help to tackle their psychological demons

How Newton tragedy made iron men seek help to tackle their psychological demons

Over a hundred rugby league players have contacted clinic to deal with mental challenges of game