Marked increase in Arsenal’s annual salary bill

As a result of an inflation spiral in players wages, contributed to significantly by Manchester City wielding their financial power in the transfer market, Arsenal were forced to increase their annual salary bill to £124.4m for the year up to May 2011, the Guardian has acknowledged from the club’s accounts, released yesterday.

This escalation in Arsenal’s annual wage costs represented a 12.4% rise in the previous year’s figure and also took the club’s wages to turnover ratio to 55.2%, which in the eyes of many football financiers is too high and could possibly grow further as a result of prospective efforts on the Gunners behalf to keep the likes of Robin Van Persie and Theo Walcott who are both entering the last two years of their contracts.

However years of diligent financial management and the sale of properties at their old Highbury stadium, will continue to allow Arsenal to underwrite their investment in player wages, according to the club’s financial director, Stuart Wisely.

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