Premier League rules limiting the extent
to which a club's wage bill can increase year-on-year could result in
Arsenal being forced to sell assets this summer.
The
Gunners are trying to tie Alexis Sanchez and Mesut Ozil to new
contracts at the Emirates but, should they be successful, they could
breach the short term cost control (STCC) measures which restrict teams
to £7million increases in total salaries each season.
Fresh
deals for Sanchez and Ozil alone would take Arsenal's wage bill well
beyond those restrictions, should both agree terms on £280,000-per-week
contracts.


Sanchez currently earns £130,000 per week and Ozil £140,000, meaning both could double their money by staying in north London.
In that eventuality, their total pay rise would be in the region of £15m annually.
Premier
League rules allow for overspend, should clubs be able to show that it
comes as a result of increased commercial or matchday revenue, or player
sales.
However, Arsenal are
unlikely to see a significant upturn in commercial or matchday revenue -
which includes TV money, ticketing and merchandise - given Arsene
Wenger's side have missed out on a place in the Champions League.
Therefore,
in order to facilitate Sanchez and Ozil staying, the club may need to
offload players to increase revenue from player sales.
Several members of the Arsenal squad are attracting interest from elsewhere.
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