Arsenal struggling to afford Europe's elite coaches
Arsenal struggling to afford Europe’s elite coaches and may be forced to appoint caretaker Freddie Ljungberg or former player Mikel Arteta
- The club are searching for a long-term successor to Unai Emery who was sacked
- They are unable to pay a salary similar to those on offer at their top six rivals
- Emery was paid £4million-a-year at the Emirates Stadium before he was axed
- Mauricio Pochettino, Carlo Ancelotti and Max Allegri would expect double that
Arsenal’s hunt for a new manager is being hindered by a limited budget that is proving off-putting to many of the leading contenders, Sportsmail has learned.
The club are searching for a long-term successor to Unai Emery after putting Freddie Ljungberg in temporary charge last Friday, but are unable to pay a salary commensurate with those on offer at their top six rivals.
Emery was paid £4million-a-year at the Emirates Stadium, a salary Arsenal are willing to improve, but not to the level demanded by the European elite.
Arsenal’s hunt for a new manager is being hindered by a limited budget Sportsmail has learned
Freddie Ljunberg drew 2-2 against Norwich in his first match as interim coach at Arsenal
Mauricio Pochettino, Carlo Ancelotti and Max Allegri would all expect double that amount which is likely to be beyond Arsenal, while the combination of compensation and wages required to secure in-work managers such as Brendan Rodgers and Nuno Espirito De Santo may mean they are out of reach.
Arsenal posted a profit of £70million in the most recent financial year, but that figure was almost entirely down to player sales totalling £120m including Alex Oxlade-Chamberlain, Olivier Giroud and Theo Walcott during the 2017/18 season, without which they would have made heavy losses.
The club have invested heavily in the playing squad since with Alex Iwobi the only significant departure so will make a loss on player-trading in their next accounts, a problem compounded by only modest growth in their commercial revenues.
Arsenal are also paying the price for missing out on Champions League qualification for three successive years, creating a revenue shortfall that even reaching the final of the Europa League last season did not offset.
As a result of such financial limitations Arsenal may be forced to turn to an inexperienced manager to replace Emery, such as Ljungberg if his spell as caretaker is successful or more likely Manchester City coach Mikel Arteta.
The Gunners could appoint former player and Manchester City coach Mikel Arteta
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