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Goal.com special report: Arsenal manager Arsene Wenger will have £45 million transfer war chest this summer
Club's varied financial interests lead to record turnover
13 Apr 2010 09:00:00
Arsene Wenger - Arsenal (PA)
EXCLUSIVE
By Wayne Veysey | Arsenal Correspondent
Arsene Wenger will have a transfer kitty of up to £45 million to spend on strengthening the Arsenal squad this summer, it can be revealed today.
Independent analysis of Arsenal’s financial results and income has confirmed that Wenger will be one of the Premier League’s most cash-rich managers during the next transfer window.
A report due to be published imminently by the respected Arsenal Supporters’ Trust will show that the club’s prudent financial dealings are beginning to pay dividends.
MORE...
The club are on course to exceed the record turnover recorded for the year ending May 31 2009, not only because of an expected increase in football-generated income but also because the Highbury Square development is set to break even in the next few weeks.
Despite the difficult financial climate, the units at Arsenal’s former ground have continued to find buyers over the past 12 months and the club are confident of eventually making a £30-40m profit from their property portfolio.
The knock-on effect is that Wenger will have more money at his disposal for the main transfer window this summer than he has had for many years.
“The forecasts based on the half-yearly results that go up to last November and the income that we know the club is generating on the football side and the property side are very healthy,” a source close to the report told Goal.com UK.
“The club is in very robust financial situation. During the last summer transfer window, the property side was a disaster but that is not the case anymore.
“At a conservative estimate, £30m will be available to Wenger but it could be up to £45m.”
Although Wenger has sanctioned new contracts for 17 Arsenal players this season and wages for the current campaign have risen to £115m from £104m in 2008-09, it will not prevent him from being presented with a war-chest that is probably only exceeded by Manchester City among domestic rivals.
The move could see a host of new names at the Emirates next term following a season in which Arsenal have suffered from a series of devastating injuries to key players.
Arsenal-bound | Powerful striker Chamakh is set to join Gunners on a free
Arsenal are believed to have reached an agreement for Bordeaux striker Marouane Chamakh to join in the summer, although his will be a free transfer because he is out of contract.
The Gunners have also been linked with moves for Juventus' Brazilian midfielder Felipe Melo and Inter striker Mario Balotelli.
MORE...
The boost for Arsenal supporters comes while the long-term control of the club remains shrouded in doubt.
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Suh the money is identified...
...still as to Arsene having blinked? I think, not!
Club's varied financial interests lead to record turnover
13 Apr 2010 09:00:00
Arsene Wenger - Arsenal (PA)
EXCLUSIVE
By Wayne Veysey | Arsenal Correspondent
Arsene Wenger will have a transfer kitty of up to £45 million to spend on strengthening the Arsenal squad this summer, it can be revealed today.
Independent analysis of Arsenal’s financial results and income has confirmed that Wenger will be one of the Premier League’s most cash-rich managers during the next transfer window.
A report due to be published imminently by the respected Arsenal Supporters’ Trust will show that the club’s prudent financial dealings are beginning to pay dividends.
MORE...
- In Pictures: Players linked with a summer move to Arsenal
- Poll: Which type of player should Arsenal sign this summer?
The club are on course to exceed the record turnover recorded for the year ending May 31 2009, not only because of an expected increase in football-generated income but also because the Highbury Square development is set to break even in the next few weeks.
Despite the difficult financial climate, the units at Arsenal’s former ground have continued to find buyers over the past 12 months and the club are confident of eventually making a £30-40m profit from their property portfolio.
The knock-on effect is that Wenger will have more money at his disposal for the main transfer window this summer than he has had for many years.
“The forecasts based on the half-yearly results that go up to last November and the income that we know the club is generating on the football side and the property side are very healthy,” a source close to the report told Goal.com UK.
“The club is in very robust financial situation. During the last summer transfer window, the property side was a disaster but that is not the case anymore.
“At a conservative estimate, £30m will be available to Wenger but it could be up to £45m.”
Although Wenger has sanctioned new contracts for 17 Arsenal players this season and wages for the current campaign have risen to £115m from £104m in 2008-09, it will not prevent him from being presented with a war-chest that is probably only exceeded by Manchester City among domestic rivals.
The move could see a host of new names at the Emirates next term following a season in which Arsenal have suffered from a series of devastating injuries to key players.
Arsenal-bound | Powerful striker Chamakh is set to join Gunners on a free
Arsenal are believed to have reached an agreement for Bordeaux striker Marouane Chamakh to join in the summer, although his will be a free transfer because he is out of contract.
The Gunners have also been linked with moves for Juventus' Brazilian midfielder Felipe Melo and Inter striker Mario Balotelli.
MORE...
- Van Persie's return and five more reasons Gunners can win the league
- Title Run-in Special: Where will the big prizes end up now?
The boost for Arsenal supporters comes while the long-term control of the club remains shrouded in doubt.
------------------
Suh the money is identified...
...still as to Arsene having blinked? I think, not!
Paul Marin -19 is one thing, 20 is a whole other matter. It gets even worse if they win the UCL. *groan*. 
05/18/2011.MU fans naah cough, but all a unuh a vomit?-Lazie 1/11/2015
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