Arsenal are sitting on a huge pile of cash (180M) but the issue is with the Premier League Short Term Cost Control rules that limit the wagebill increase. We've bought/signed a lot of players recently on high wages while our outgoing business is miserable.
Özil (350k), Aubameyang(220k?), Lacazette (200k), Mkhitaryan (120k?), Kolasinac (140k), Cech (100k), Ramsey (100k), Koscielny (90k), Socratis (90k), Mustafi (90k) , Xhaka (90k) the list goes on...
Last year of Fly Emirates deal + last year of Puma Deal + no income from sales.
This summer we jump from 30 to 60m per season with the switch to Adidas and the renewal of Fly Emirates gives us a bit more too to reach about 45/50m more income per season. This is the income that affect the STCC, not Kroenke's invisible money.
If we sort out the Özil situation (one way or another), get rid of Mikhi, Cech, Ramsey, Mustafi and Koscielny, that's also a big chunk of wages that are freed up. In theory this is going to be our "last" bad transfer window with this squad. It could have been avoided with the Champions League, or getting the 60M from Alexis had we sold him to City, sold Ramsey in the summer and in general not selling our players for a quarter of their value.
The new team in charge of the club's operations can't be judged right now, they're locked in the previous regime lack of performance on the pitch and off the pitch.
It is very gloom at the moment and i hope we can win the FA Cup or get a miracle spot in the top 4 because i can't see us going all the way in the Europa League.