Monday, September 24, 2007

Arsenal profits to provide £70m transfer warchest


Arsenal manager Arsene Wenger has been promised a mammoth £70million transfer kitty after Arsenal revealed themselves to be one of Europe's richest clubs. Figures unveiled this morning show the Gunners' move to the Emirates Stadium has driven a near 50% increase in turnover to more than £200million for the year ending May 31, 2007. That sum means they are only edged into second place in the continent's money league by Real Madrid.

2 comments:

Unknown said...

This is a surprise. Not so long ago Wenger was complaining that Arsenal were going to be left in the dust by the spending of Chelsea and Manchester United (implying that that this kind of spending was reducing the number of teams that could compete for the title). Who can they buy in January? Maybe Henry would want a one-way ticket in the near future?

The Editor said...

He was complaining that Chelsea and ManU were paying far more for players than they were worth. Wenger has had this money. He had it all through the summer transfer window. He's very pragmatic and won't buy a player for more than he thinks he's worth. I don't see this changing things much at all. In January don't be surprised if he only buys one or two players -- and I'd be surprised if he buys any "superstars."