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Wenger set for £40m transfer war chest

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Football News

Arsenal boss Arsene Wenger is set to be handed a £40 million transfer war chest this summer.

The Frenchman has worked under a strict budget at the Emirates in recent years, with the Gunners looking to recuperate their funds following the move from Highbury to the new stadium in north London.

After the announcement of bumper profits pre-christmas, Arsenal now appear to be on a much stronger financial footing and new majority shareholder Stan Kronke is keen to see investment to improve 'operating costs' at the club.

The Daily Telegraph claims that the money will not come directly from Kronke, but from a big cash balance thanks to the Highbury Square re-development and sales of Emmanuel Adebayor and Kolo Toure.

However, club chief executive Ivan Gazidis explains that it's not as simple as spending all the money on players.

“We are not sitting on a cash balance of over £100 million,” said Gazidis.


“We need operating money over the course of the year. You always have to bear in mind the sustainability of your wage base when you make those [transfer] decisions. We don’t sit on money because we like sitting on money.”

With money to be spent on training ground improvements at London Coloney and new contracts for players including Samir Nasri and Johan Djourou, it isn't just about spending big for Arsene Wenger in the summer. There are also issues to be resolved over the futures of Cesc Fabregas and Gael Clichy.

However, the Frenchman is known to have transfer targets including Mamadou Sakho and Gary Cahill, and finally has the cash to be competitive as Wenger starts to make plans to strengthen his Arsenal squad for next season.

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