Ivan Gazidis – Our Cautiousness Made Signing Mesut Ozil Possible

Ivan-Gazidis_1418998cArsenal chief executive Ivan Gazidis has revealed Arsenal’s cautiousness regarding finances over the years led to Mesut Özil’s arrival.

The club splashed out £42.4 million on the German on deadline day, a fee that could only have been afforded by the way the Gunners have dealt with their finances.

“The signing of Özil for a club record fee is a significant step for us. It was a direct result of all the hard work we have put in over recent years to build the commercial capability of the club to deliver the consistent revenues and financial strength required to compete for the world’s best players.”

The Gunners are close to paying off their stadium debt and with new sponsorship deals worth over £300 million, the club are starting to reap the rewards of over cautious thinking. The club recorded a profit of £6.7 million for the year ending 31 May and have cash reserves in the region of £120 million making them the most self-sustained financial club in Europe.

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