With the winter transfer window behind us, Arsenal are stepping up their recruitment process for a new sporting director. Whoever gets the job will be greeted with a sizeable in-tray. After abstaining from making a purchase in January,

Here, with the help of football finance expert Kieran Maguire, Standard Sport takes a look at what Arsenal’s financial results mean ahead of the summer transfer window… Kieran Maguire: We have got a rather smug saying in the world of finance - revenue is vanity and profit is sanity.