Despite posting losses for the last six years, the club is on relatively solid footing for PSR. The Athletic previously estimated that they could lose up to 97m in 2024-25 and remain compliant with the Premier League's fiscal rules.
With these rules operating on a three-year period, there is the possibility of this summer's outlay impacting on Arsenal's capabilities in future windows.
UEFA's football earnings rule also runs over three seasons, limiting clubs to 60m in adjusted losses. Under certain conditions, that limit can be increased by 10m per season, for a total of 30m in a three-year assessment period.
Any consideration of Arsenal's position is assumption-heavy, but their player amortisation figure the annual hit to the books stemming from transfer spending has rocketed, from 109million in 2019-20 to 171m in 2023-24. A further 250m spend this summer has only increased that figure, and savings on departed players are minimal by comparison.
The Athletic's projection for Arsenal in 2025 has them nearing UEFA's 70 per cent squad cost ratio limit. That's true even after accounting for around 20m extra in Champions League prize money last season, as well as matchday and commercial income increases.
These are, of course, just estimates, and no one outside the Emirates knows where exactly Arsenal are placed. Arsenal themselves maintain that they do not anticipate or plan on a breach.
https://www.nytimes.com/athletic/6581260/2025/08/29/arsenal-transfers-spending-sales-psr-uefa/