David Ornstein shares what he’s hearing about Arsenal’s PSR situation after spending £68m on Eberechi Eze

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David Ornstein has shared what he has been hearing about Arsenal’s PSR situation in the wake of the Eberechi Eze deal.

Everyone linked with Arsenal has been celebrating over the past 18 or so hours after their club struck a deal for Eberechi Eze from under Tottenham Hotspur’s noses.

On Wednesday evening, David Ornstein reported that Arsenal had made their move for Eze, who Tottenham felt they were close to signing.

Within a few hours, Fabrizio Romano declared “here we go” on Eze to Arsenal, with Ornstein reporting that a £68million package had been agreed.

Now, Ornstein has provided an update regarding what the Eze deal could mean for Arsenal’s PSR situation.

READ MORE: Jamie O’Hara reacts after hearing Arsenal are set to beat Tottenham to Eberechi Eze

David Ornstein says Arsenal ‘had a lot of headroom’ on PSR

Ornstein, speaking on The Athletic FC podcast, said the overall feeling around Arsenal’s financial situation is that they’re well placed to handle the Eze deal.

Ornstein said Arsenal’s PSR situation is fine and, though some manoeuvring will be needed for their UEFA FFP situation, there aren’t any major causes for concern.

“Arsenal had a lot of headroom on Premier League PSR,” said Ornstein. “So that’s one thing in their favour.

“They did not have a lot of headroom on UEFA’s FFP, Financial Fair Play rules. They are tight on that. And so, some manoeuvring will need to be done.

“But right now, I’m not getting any sense that they’re in a panicked situation.”

READ MORE: Tottenham fans are all saying the same thing after Arsenal win Eberechi Eze race

How much Arsenal have spent on transfers this summer

Arsenal have invested heavily in their squad this summer, with Eze’s deal taking their overall spend to around £270million.

The Gunners have signed Martin Zubimendi, Kepa Arrizabalaga, Christian Norgaard, Viktor Gyokeres, Noni Madueke and Cristhian Mosquera, with Eze set to be next.

Since Mikel Arteta took the reins at Arsenal in December 2019, his transfer expenditure is said to have been around £1.097bn, with a net spend of approximately £750million.