The Arsenal Supporters’ Trust is the official supporters' trust of Arsenal Football Club.As well as Arsene Wenger leaving, things have changed drastically in the boardroom over the last few months.In August, Stan Kroenke - the American billionaire - forced fans to sell their shares and took his ownership stake in the club to 100%.Arsenal would typically hold an annual general meeting of shareholders but that event won't take place now that the club is wholly owned by Kroenke.They would have also published their financial accounts for the year ending May 2018 ahead of an AGM - but they can now wait until 2019 to publish.Meanwhile, accountants advising the Arsenal Supporters’ Trust have drawn up a projection of the accounts that are still yet to be published.They're forecasting a "sizeable operating loss" due to an increased wage bill alongside the failure to qualify for the Champions League.

2019 summer transfer budget

The Arsenal Supporters’ Trust have also forecast next summer transfer budget - and it's dire news for loyal supporters.

As per The Telegraph: "The AST have forecast that, after all their spending in 2018, Arsenal will have a transfer budget next summer of around £40 million.

"The situation will then improve following new shirt sponsorship and kit deals that begin next year."

Arsenal fans on Twitter were not impressed at the £40m figure.

The Gunners were comfortably outspent by Manchester City, Manchester United, Liverpool and Chelsea this summer.

Despite that, Unai Emery has won nine consecutive games and Arsenal are just two points off the top of the table.

The Spanish coach will surely be hoping for a far bigger budget than £40m next summer.

In August, Arsenal legend Ian Wright voiced his serious doubts over Kroenke's sole ownership.

The BBC pundit said: "I can sum up the prospect of Stan Kroenke becoming the sole owner of Arsenal in two words - absolutely disastrous.

"And if, as seems highly likely, that does become the case, I genuinely fear the days of seeing the Gunners challenging for top honours on a regular basis may well have come and gone.

"The genuine worry - and it's a very, very real worry - is that now, more than ever before, it will be about getting money through Arsenal, not for them."

Sadly for Gooners everywhere, Wright may have hit the nail on the head.