The Mail on Sunday says the Gunners will announce financial figures that place them above Manchester United and Chelsea - let alone Spurs - and behind only Real Madrid in the list of the world's richest clubs.

Arsenal's total turnover of all the business the club generate, it will be revealed, has shot up to about £180m,about £22m behind Real Madrid, while United's turnover stands at £167m. That is an increase of almost 50 per cent in just one season, such has been the effect of moving to the Emirates Stadium.

No wonder their currently buoyant board of directors, who believe that they can even surpass Real financially next season, can rebuff potential investors.