Wenger handed £50m war chest

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Arsenal boss Arsene Wenger will have a £50million war chest at his disposal during the January transfer window should he need to strengthen his squad, according to The Sun.

Wenger forked out a club record £42.4million on Real Madrid's Mesut Ozil during the final day of the summer transfer window but has received financial backing from Arsenal chairman Sir Chips Keswick.

Sir Chips, who was named chairman in June, said on Ozil's move: “With the Ozil transfer I believe we have made a significant statement and when Arsene decides the time is right to invest again, Stan Kroenke, myself and the rest of the Board will be delighted to support him.”

Wenger has money at his disposal due to Robin van Persie and Alex Song both sealing moves away from the Emirates Stadium last summer.

Arsenal pocketed £40million from their departures to Manchester United and Barcelona respectively.

They did however spend around £37.9million on Santi Cazorla, Olivier Giroud and Lukas Podolski - however chief executive Ivan Gazidis are determined to back Wenger who is looking to end Arsenal's eight-year trophy drought.

Gazidis added: “The signing of Ozil for a Club record fee is a significant step for us.

“This signing was a direct result of all the hard work we have put in over recent years to build the commercial capability of the Club to deliver the consistent revenues and financial strength required to compete for the world’s best players.

“We are not yet fully where we want the Club to be, but everyone is looking forward to the challenges ahead and competing for and winning trophies.”

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