Accounts for the year ending May 31, 2014 were published on Friday by Arsenal and revealed that the annual wage bill had increased to £166.4 million, while revenues exceeded £300 million for the first time in the club’s history. This summer’s transfer activity, however, is not included in the accounts and the net increase to the wage bill following the arrivals of Alexis Sanchez, Danny Welbeck, Mathieu Debuchy, David Ospina and Calum Chambers is around £15 million. That would put the wage bill for this current 2014-15 season at over £180 million. This will fluctuate slightly depending on performance-related elements of the contracts.