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Arsenal: Gunners budget is not £40m, says club official

Arsenal: Gunners budget is not £40m, says club official - Arsenal

‘The budget isn’t £40m’ – Arsenal director flattens rumours of lacklustre funds

Arsenal managing director Vinai Venkatesham has insisted that the club are not limited to a budget of £40m, despite reports to the contrary.

The Gunners’ failure to reach the Champions League for a third straight year has led to speculation that the club only have around £40m to spend on new players this summer.

However, at a supporters’ Q&A session earlier this week, in response to a question over the budget at the club’s disposal, Venkatesham – speaking alongside colleagues Raul Sanllehi and the newly appointed Edu – appeared to debunk the myth that Arsenal are in relatively dire straits financially.

According to Arseblog, he said: “I don’t recognise this £40m figure, I have read it a lot. That doesn’t come from us, that doesn’t come from the club. The numbers never come from us. We never ever, ever, ever talk about how much money we have to spend because that’s the least helpful thing you can do.

“It is true that our funds are more limited after three years in the Europa League, but the budget isn’t £40m. We have the budget to make a difference.”

The revelation over the club’s funds may indicate that Unai Emery has been given a larger kitty ahead of next season than first thought.

Arsenal have spent a minimum of over £30m already this summer – thanks to the signings of Brazilian teenager Gabriel Martinelli and William Saliba – while their loan deal involving Dani Ceballos has been reported by some outlets as costing the Gunners up to £15m alone.

Meanwhile, the club are said to still be in negotiations for a £25m move for Celtic’s Kieran Tierney, while reports in France suggest Arsenal are one of four teams agreeing a deal in principle worth around €80m (£71.9m) to sign Lille winger Nicolas Pepe.

While there was no indication as to what the true power of Arsenal’s financial might is this summer, perhaps a little more optimism can be put towards potential moves now that the reported shackles on the team’s finances have been dismissed by club officials.

And with the club gaining an appetite for closing deals in this past week, Arsenal may find themselves in good shape to continue to do so as the clock ticks towards the transfer deadline.

How many more signings do Arsenal need to make? Join the discussion by commenting below… 

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Article title: Arsenal: Gunners budget is not £40m, says club official

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