If it's just 50mil in budget it's not a lot. But it depends what 50mil buget means. In football, transfers are amortized over the duration of the contract. Here is an interessting article about the budget from arsenal:
https://shewore.com/2018/05/19/arsenals-50m-budget-explained/
So let’s list what Arsenal could actually sign within their £50m budget
1x £50m player on a 5 year deal
1x £40m player on a 4 year deal
1x £25m player on a 5 year deal
1x £25m player on a 5 year deal
1x £20m player on a 4 year deal
£160m outlay on players, yet it will only increase our yearly outgoings by £50m. It is within the budget. Of course, the club won’t want to be bang on break even, as this leaves little wiggle room in future transfer windows. Although as previously signed players transfer fees become fully amortised, this frees up cash.
And this does not even include any profit we make from players sold. We could easily raise a further £20m just in the sale of Ospina, Jenkinson, Perez & Campbell.
The reality is, once fully explained, having a pre-sales budget of £50m is actually more than sufficient.
