Arsenal have announced half-year results which show a record investment in players of some £110.5million and an increase in football turnover to £191.1million.
The figures for the parent holding company of the Premier League club are for the six months ending November 30 2016.
During the 2016 summer transfer window, Arsenal signed the likes of Granit Xhaka for £38.25m, Shkodran Mustafi for £34.85m, while forward Lucas Perez arrived in a £17m deal.
There was an overall group profit before tax of £12.