Football: Wenger can splash the cash says Gunners chief
LONDON (AFP) - Arsenal chairman Chips Keswick has told Arsene Wenger he is free to splash the cash in the next transfer window after the Premier League club revealed cash reserves of over £120 million (S$252 million) in their latest financial results.
The Gunners' parent company on Friday published figures covering the six months up to November 30, 2013.
Although those results showed there was a group loss before tax of £2.2 million, Arsenal's sound financial footing was clear to see.
Gunners manager Wenger is often cautious about spending large sums on players, but he did shatter the club's record transfer fee with the £42.5 million purchase of Germany midfielder Mesut Ozil from Real Madrid in September.