Arsenal unleashes a barrage of blockbuster signings with a cash windfall, sending shockwaves across Europe.

The Gunners raked in £198.7 million from the Premier League and roughly £800 million in overall revenue this season. They are no longer just challengers; they are behaving like a full-fledged empire.

Immediately after their first Premier League trophy lift in 22 years, at Selhurst Park, Josh Kroenke stated bluntly: "Business never stops. Right now, other teams are already trying to strengthen to take us on next season." And more importantly, he revealed that Arsenal "have had several conversations about areas we think could be improved, both on and off the pitch." Behind that statement lies a summer spending plan that was devised even before the trophy was lifted.

The figure of £198.7 million from the Premier League for the 2025/26 season, including £54 million in merit fee bonuses – the highest in league history – plus over £100 million from the Champions League campaign, which brought Arsenal's total season revenue to an estimated £770 million, surpassing the £715 million Manchester City achieved in 2023/24. The North London reds have officially joined the top three revenue-generating clubs globally, trailing only Real Madrid and Barcelona. Arteta no longer has to sell before he buys. The only question is how to spend it.

The three names currently on the table are the clearest evidence of that ambition. Anthony Gordon, 25, a left winger frustrated at Newcastle after a disappointing season, is the first target. His pace and high pressing fit exactly what Arsenal's left flank is lacking. The expected fee is around £60 million.

Julián Álvarez of Atlético Madrid is the next name, and more importantly, his representative proactively informed Atlético that the player wants to leave. His versatility, intricate link-up play, and proven finishing at the highest level make Álvarez the ideal forward for Arteta's philosophy.

But the name that could completely shift the landscape is Sandro Tonali. After Newcastle missed out on the top four, the Italian midfielder lost his reason to stay. Arteta is said to personally regard Tonali as the "perfect choice" to add depth to the trio of Rice, Zubimendi, and Odegaard. He would provide boundless energy, defensive steel, overlapping runs, and powerful long-range shots. The minimum £75 million fee from Newcastle is no issue for an Arsenal that just received a cheque for nearly £200 million from the league organizers. Serie A clubs, even if they wanted to, cannot compete financially.

The World Cup summer in the US will make the transfer market more complicated, as many target players are busy with international duty until July. Kroenke even joked that he has a small advantage: "Luckily, they're all coming to the US, so I don't have to go far." A light-hearted remark, but the message is clear: the Kroenke family will be closely monitoring every step of this summer.