Photo: Arsenal official Twitter
Arsenal chairman Sir Chips Keswick has spoken on Saturday regarding the current state of Arsenal’s finances as well as mentioning new Egyptian signing Mohamed Elneny in the process.
Keswick, a merchant banker by trade and Chairman of Arsenal since June 2013, spoke to the Telegraph regarding the Gunner’s finances, calling on the current members of the Arsenal squad to maintain consistency if they are to challenge for the Barclays Premier League title.
The club have today announced a £159 million cash reserve with a £3.4 million cash deficit in the six months period up to the 30th of November 2015, mainly due to the signing of current first choice keeper Petr Cech from rivals Chelsea.
Keswick then went on to comment on the league situation this season, as well as mentioning new January signing Mohamed Elneny.
“This has been an unpredictable Premier League season. What is important is that we are in contention and I am sure we have the resources and ability within the squad to sustain a strong challenge. We know we will have to find greater consistency to maintain our challenge,” he said
“The recent acquisition of Mohamed Elneny from Basel added to our strength in depth and we are seeing a number of potentially important players returning from injury. This bodes well for the final months of the season,” the chairman concluded.
It remains to be seen what impact the signing of Elneny will have on the budget to be announced later on this year, with the Egyptian midfielder having signed for the Gunners during the January window for a reported fee of £7 million.
The Egyptian, who is still adapting to life and the game in England, has featured twice for the Gunners in the FA Cup since making the move from FC Basel. He is yet to make his Premier League debut.
