Nicolas Pepe significantly contributes to Arsenal's financial losses last season

The total cost of Pepe’s move from Lille is thought to be significantly more than €116million, including his transfer fee and wages.

PRICEY PEPE: Nicolas Pepe of Arsenal looks on during the UEFA Europa League Group F match. Photo by Naomi Baker/Getty Images.

Arsenal's financial accounts have shown that the club made a loss of €60million last season and over a third of that has been contributed to Nicolas Pepe's decline in valuation.

The Gunners' books, for the year ended May 31 2023, show that “impairment write-downs on certain player registrations” amounted to €21.1million.