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Arsenal announce £58.4MILLION profit from summer transfer market as club continue their struggle to finish in the Premier League top four

Arsenal have announced that they made a huge profit from their summer transfer dealings, as the club struggles to make the Premier League top four.

The club sold Alex Oxlade-Chamberlain, Wojciech Szczesny, Kieran Gibbs and Gabriel in the summer, leaving the club with a massive financial surplus.

In their financial results for the six months until the end of November 2017, Arsenal revealed they have made 'profits on sale of players, amounting to £58.4million'.

Arsenal chairman Sir Chips Keswick said: 'This has not been the easiest of campaigns but we are all working hard to ensure we have a strong finish.