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Re: Arsenal cash in the bank for summer.
Posted by: VanTheManPersie
Date: 13/02/2020 14:10
Cash reserves are needed else a company can go bankrupt if cash flows drop. When we made the 27mn loss this year, that extra money would have come from the bank.

Plus as per FFP, a club cannot continue to make losses. I don't remember the rules, but one has to be profitable within 5 years of making a loss of something like that again.

We will most likely post another loss next year unless we reduce our wage bill significantly. We will be out of Europe completely so thats another 15-20mn home from the europa money.

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