Arsenal reportedly has plenty of cash to burn this summer.
Financial analyst and Football Insider columnist, Kieran Maguire says that the club is no longer restricted by financial protocols.
He told Football Insider: “I’m not sure they could have renewed the old loan. There was no guarantees.
“There were also restrictions in terms of the CCFF from the Bank of England. But in terms of the Barclays loan, it’s Arsenal’s money to play with.
“The Barclays relationship gives Arsenal a greater degree of flexibility. That could be beneficial for the club because you don’t have to ringfence it in terms of day-to-day operational costs.
“The Kroenke family have got an awful lot of work to do to convince the Arsenal fans of their intentions. This new loan could be used for recruitment and retention issues.”
If Arsenal does have £120m to spend this summer, they could make some serious improvements with some shrewd investing. Mikel Arteta knows what he wants to add to this squad. The manager is under the gun but he is still being backed to lead this team out of dark times.
Arsenal will aim to sign a creative midfielder first, followed up by improvements in defence.
READ MORE: Top 5 Players Arsenal Should Sign This Summer 2021
