Arsenal hand Arsene Wenger £100m transfer budget

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Arsenal are set to hand Arsene Wenger the biggest summer transfer budget in the club's history as they look to usher in a new era of success, claims the Daily Telegraph.

The Gunners have only taken two points from their last three games, dropping them out of the Premier League title race and giving Everton a slim chance of stealing fourth place.

After a 6-0 loss to Chelsea, a number of fans, who had been silenced for most of the season, began calling for Wenger's head again, leading to reports that he was considering a shock exit from the Emirates Stadium when his contract expires in the summer.

However, owner Stan Kroenke still believes that Wenger is the right man to lead the club to a new era of success and is confident the Frenchman will put pen-to-paper on a new two-year deal. Arsenal officials have been forced to think about contingency plans should Wenger leave but are continuing to plan as if Wenger is staying.

Kroenke believes Arsenal have made significant progress this year despite the fact that Arsenal look set to finish fourth for the sixth time in eight seasons. New sponsorship deals will earn Arsenal up to £40m more per season and will help them to challenge for major honours once again.

As a result, Arsenal are ready to hand Wenger £100m to spend this summer to help the Gunners go from perennial underachievers to Premier League champions once again.

There is no need to overhaul the young squad with players like Theo Walcott, Alex Oxlade-Chamberlain and Aaron Ramsey set to be mainstays in the Arsenal squad for years to come. However, several major additions are required in order to keep the Gunners competitive.

Wenger is keen to sign a new world-class striker to support Olivier Giroud while a cheaper option will be needed to compensate for the exiting Nicklas Bendtner. The Arsenal manager is also hoping to add a defensive midfielder to his squad as there are currently no plans to offer Mikel Arteta an extension to his current deal, which expires in 2015.  

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