3. Arsenal
Transfer spend: £188,275,000
Transfer fees received: £192,400,000
Net spend: -£4,125,000
Arsenal are one of the few teams in the Premier League who make a profit from transfers, despite the club record signing of Mesut Ozil last summer.
The Gunners’ strategy in the transfer market is to buy young players at low value and develop them – only selling them if they have to – and it is paying dividends.
Fans at Emirates Stadium may well prefer trophies to profits, but there are signs that the north London club are edging towards that with a first title challenge since 2007/2008.
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