[Shadow Demon UK]

Arsenal’s annual wage bill is understood to have moved ahead of Chelsea’s for the first time in more than a decade, the Daily Telegraph can disclose.

Accounts for the year ending May 31, 2014 were published on Friday by Arsenal and revealed that the annual wage bill had increased to £166.4 million, while revenues exceeded £300 million for the first time in the club’s history. This summer’s transfer activity, however, is not included in the accounts and the net increase to the wage bill following the arrivals of Alexis Sanchez, Danny Welbeck, Mathieu Debuchy, David Ospina and Calum Chambers is around £25 million. That would put the wage bill for this current 2014-15 season at just over £190 million.

http://www.telegraph.co.uk/sport/foo...-a-decade.html

Interesting. Finishing 4th still acceptable for Arsenal?