Transfer of the season as Marcus Rashford signed £250,000 per week deal with Manchester United most rival club Arsenal
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The £94m figure that will help Arsenal seal deal for Marcus Rashford
Arsenal have been linked with making a move for Manchester United forward Marcus Rashford
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by Dave Powell
17:00, 3 Jul 2024
Marcus Rashford of Manchester United
Marcus Rashford of Manchester United(Image: 2024 Robin Jones)
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When it came to the mad scramble to be compliant with profit and sustainability regulations earlier this week, a number of Premier League clubs had work to do.
Chelsea, Aston Villa, Everton, and Newcastle United were among the teams who adopted the strategy of player trading academy graduates between clubs for large fees, with such players delivering pure profit for accounting purposes, allowing clubs to rake in some much-needed revenue ahead of the end of their financial year on June 30.
For Arsenal, there was no such concern. The Gunners’ financial year came to an end on May 31, and on the back of a season when the club enjoyed Champions League football and a significant boost in terms of merit payments from the Premier League for finishing second, not to mention greater commercial revenues, PSR wasn’t something that they had to be unduly worried about.
While the significant spending on the likes of Declan Rice, Jurrien Timber, and Kai Havertz added almost £40m in annual amortisation costs to the balance sheet for the 2023/24 financial year, the sales of the likes of Folarin Balogun to Monaco for around £26m helped offset that.
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Arsenal’s amortisation costs for the 2022/23 financial year was £139m, the fourth highest in the Premier League, with Manchester United’s £170m the highest. Adding in the £40m from the purchases of Rice, Timber, and Havertz would see that increase significantly for the 2023/24 period, but it will be offset in some degree by player exits during the period as well as the extension of player contracts, something that reduces the annual amortisation cost of a player with book value due to it being spread over a longer period of time.
There has been some rumour and speculation that a number of players could be up for grabs this summer from the Gunners, some with significant profit attached to them, such as the likes of Emile Smith-Rowe and Kieran Tierney. Sales such as those would help bring in welcome money to put in other areas.
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