Wenger Has £115M To Reinvest …He Should Do It Or Quit

Arsene Wenger has criticised the free spending of Premier League rivals Chelsea and Manchester City as well as oil rich Paris Saint Germain.

Speaking during Arsenal’s pre-season tour of Asia, the money conscious boss told the Daily Mail that big spending clubs were to the detriment of football.

Wenger also said that he expects the current European financial crisis to affect football and urged clubs to take greater responsibility for their finances.

The Frenchman has again reiterated the fact that while he wants to bring success to the Emirates, he will not put the Arsenal in financial trouble in order to do so.

Wenger’s warning is a timely reminder given the demise of Rangers. Despite failing to win a trophy for seven years the Arsenal boss is to be commended for his refreshing attitude towards the business side of the game.

That said, it has been seven long years for Arsenal fans and it is hard for people not to claim Wenger’s repeated lamenting of the financial disparity in the Premier League are nothing more than excuses for a lack of success. Furthermore, the lack of trophies has been exacerbated by the sales of key players Cesc Fabregas, Samir Nasir and the expected departure of Robin Van Persie.

Arsenal’s spending power was capped significantly by the costs of the Emirates Stadium. Yet at the end of last season The Telegraph revealed that the club has now significantly reduced their debt.

With this in mind and the reported £115 million that the Gunners have in reserve Wenger now needs to start spending the sort of money that will see a return of success.

£17 million Santi Cazorla is expected to join Olivier Giroud and Lukas Podolski as the latest of Wenger’s signings, taking this summer’s spending up to £39 million.

It is certainly a signal of intent from Wenger and one which should satisfy Arsenal fans. Whether this is enough to bring success this season remains to be seen. However it’s a trend that needs to continue if the Gunners are to maintain pace with the likes of City and Chelsea.

Admittedly Arsenal don’t have excessively rich benefactors like Sheik Mansour and Roman Abramovich, but they are also more financially secure.

It looks as if Wenger will continue to have a transfer kitty that allows him to compete with Europe’s elite and it is vital that he uses it. With increased spending it is certain that Arsenal will see their trophy drought end. But if Wenger fails to do so then while he should be respected for advocating financial stability, he risks it becoming a very obvious excuse for a lack of success.

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