An anti-reverse fishing reel includes a housing with an arbor extending therefrom. A crank assembly has a crank arm with an extending shaft. A hollow core of the shaft is adapted to be rotatably and detachably mounted on the arbor. A spool is rotatably and detachably mounted on the shaft, and includes a hub for holding fishing line. A drag control is mounted on the shaft of the crank assembly, and is disposed between the crank arm and the spool when the spool is mounted on the shaft. An anti-reverse feature is provided by mounting the shaft on the arbor via a one-way clutch. A clicker assembly is provided in the spool to provide a clicking sound when fishing line is withdrawn from the reel. A latch is mounted to the crank arm for releasably engaging a terminal end of the arbor. The latch releasably secures the shaft to the arbor and thereby releasably secures the spool on the shaft within the housing.