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Arsenal 'cannot afford elite coaches & forced to appoint Ljungberg or Arteta'

  /  autty

Arsenal’s hunt for a new manager is being hindered by a limited budget that is proving off-putting to many of the leading contenders, Sportsmail has learned.

The club are searching for a long-term successor to Unai Emery after putting Freddie Ljungberg in temporary charge last Friday, but are unable to pay a salary commensurate with those on offer at their top six rivals.

Emery was paid £4million-a-year at the Emirates Stadium, a salary Arsenal are willing to improve, but not to the level demanded by the European elite.

Mauricio Pochettino, Carlo Ancelotti and Max Allegri would all expect double that amount which is likely to be beyond Arsenal, while the combination of compensation and wages required to secure in-work managers such as Brendan Rodgers and Nuno Espirito De Santo may mean they are out of reach.

Arsenal posted a profit of £70million in the most recent financial year, but that figure was almost entirely down to player sales totalling £120m including Alex Oxlade-Chamberlain, Olivier Giroud and Theo Walcott during the 2017/18 season, without which they would have made heavy losses.

The club have invested heavily in the playing squad since with Alex Iwobi the only significant departure so will make a loss on player-trading in their next accounts, a problem compounded by only modest growth in their commercial revenues.

Arsenal are also paying the price for missing out on Champions League qualification for three successive years, creating a revenue shortfall that even reaching the final of the Europa League last season did not offset.

As a result of such financial limitations Arsenal may be forced to turn to an inexperienced manager to replace Emery, such as Ljungberg if his spell as caretaker is successful or more likely Manchester City coach Mikel Arteta.

Related: ArsenalLjungberg