Mikel Arteta has restored Arsenal to former glories in so many ways but there is still one thing – besides the Premier League title – that the club are yet to achieve under the Spaniard’s leadership.
Trusted more than any other manager in the Stan Kroenke era, Arteta has had a remarkable degree of autonomy in terms of steering the club according to his vision.
But while Arteta would love to have complete creative control at the Emirates, that vision has to exist within the financial margins that are set out by the owners, the Premier League and UEFA.
Profit and Sustainability Rules (PSR) are one factor, limiting financial losses to a maximum of £105m over a rolling three-year assessment window.
Cash flow – which, unlike Arsenal‘s profit-and-loss reporting, is a measure of how much money the club have in the bank – is another consideration.
As the de-facto face of the club in the absence of a weekly press conferences from Stan or Josh Kroenke, Arteta needs to be far more clued up on the finances than the average armchair accountant.
