Arsenal could have serious financial problems

This past transfer market, Arsenal made an effort and signed Nicolas Pepe for 80 million euros, from Lille.

In addition, due to the bad results obtained, the London team sacked Unai Emery some days ago. Two expenses that the Gunners didn't count on when they planned their expenses at the start of the season.

The club published their accounts on Saturday and they could have big financial losses if they don't qualify for the Champions League or Europa League, as 'The Times' points out.

The English average rates the possible debt at more than 47 million euros, although Arsenal could avoid this situation if they manage to improve the results and qualify for one of the two European competitions.