Explained: How Arsenal can afford to easily outspend Man Utd and Chelsea this summer as Gunners look to finally claim Premier League crown under Mikel Arteta

The Gunners will be pleased to hear their financial position looks orsy, while two of their fiercest rivals are struggling to compete. Last season the North London club delivered record earnings of £616m, with football revenues up almost over £150m on the previous season. With the club already banking £98.7m for their current exploits in the Champions League, Arsenal have plenty of space under PSR and UEFA's sustainability rules to splash the cash in the hopes of finally delivering a Premier League title under Mikel Arteta.

A deal for a leading striker such as Viktor Gyokeres or Benjamin Sesko would likely be the first order of business. Both players have previously been linked with United and Chelsea, who may not be able to facilitate such high profile transfers. United's bottom line will likely run to nine figures, and their ability to dip into the market will rest on European qualification. Their only hope is a Europa League victory, as the club is currently languishing in 15th place in the Premier League. A reduction in revenues from their bottom-half finish will tighten the pursestrings further, as Amorim will need to sell players before bringing new recruits in to conform with PSR.

The Blues are in an even more difficult position. The club has managed to avoid PSR issues thanks to the internal sales of their women's team and two Stamford Bridge hotels to their parent company, but UEFA has refused to accept the deal, meaning fines are looming. Even with Champions League qualification, Chelsea will likely need to offload players, as more than £300m of their amortised outlay of £1bn since Todd Boehly's takeover is due.

United and Chelsea fans will be looking longingly at the success of their old rival. Arsenal's attention will be squarely focussed on their upcoming Champions League semi final tie with PSG, while the Red Devils and Blues faithful will be holding out hope they can squeeze their way in to Europe's top competition.