Arsenal agree £70m facility deal amid Mykhaylo Mudryk transfer

Arsenal are now on the edge of completing Mykhaylo Mudryk transfer after agreeing a deal that could increase their spending power

Arsenal have agreed a deal with Barclays to extend their £70m loan facility, a deal that could potentially give the club additional buying power in the transfer market.

Documents released by Companies House last week confirmed the registration of the fee form was lodged on December 23.

Any subsequent borrowing would be a hedge against future TV revenue, which remains the main source of income for Premier League clubs.

The news could be seen as an exciting move for the club, as any investment could potentially fund the transfer of a player like Mykhaylo Mudryk.

However, lines of credit are not available for transfers and can be used in a similar manner to normal overdraft facilities and only in exceptional circumstances, similar to the COVID-19 pandemic.

While the news is not directly linked to a possible January spending splurge by the Premier League leaders, there is still confidence that a deal for a long-term target like Mudryk can be completed. Arteta has confirmed a January deal needs to be finalized, with owner Stan Kroenke funding it in a similar way to the club's summer deals.