With the agreement, Arsenal will continue to have access to a £70 million credit line from Barclays Bank. This might provide the team more purchasing power in the transfer market.
The ‘Registration of Charge’ form was confirmed to have been submitted on December 23 in records released by Companies House last week. The primary source of income for Premier League clubs continues to be future television money, which will be pledged as collateral for any additional borrowing.
The announcement might be seen as an exciting development for the team because any funding could help pay for a transfer of a player like Mykhaylo Mudryk.
The credit facility, however, can only be used in extraordinary circumstances, such as the COVID-19 epidemic, and is not meant to be used for transfers. Instead, it can be used similarly to a typical bank overdraft.
Although this information is not specifically related to a prospective January spending binge by the Premier League leaders, there is still optimism that long-term targets like Mudryk will be able to be signed. Arteta has indicated that January business must be performed, and owner Stan Kroenke will fund it similarly to the club’s summer business.
Sporting director Edu will be in charge of the Arsenal’s business, and the former midfielder is anticipated to make a bid for Ukrainian winger Mudryk to offer further competition on the left wing. Shakhtar’s top executive revealed that negotiations had taken place, confirming the interest.
