Arsenal Chairman, Sir Chips Keswick, has pledged that the board will give full financial support to Arsene Wenger in the transfer market.
With £120m of cash reserves just announced in the latest financial results, Arsenal are in a healthy position to bring in the required players in the summer. Note: It should be pointed out that those reserves do not mean we’ve got £120m to spend, but it certainly helps.
“Whilst youth development continues to be an important focus, we fully recognise the importance of getting the balance right between youth and experience,” said Sir Chips.
“As you well know, we signed Mesut Özil for a Club record transfer fee in the summer and, in addition, the signing of Mathieu Flamini has proved to be an astute acquisition.
“We will continue to work hard to keep the players Arsène believes can take us forwards. We will also continue to support the manager in the transfer market when he identifies players he believes can further strengthen the squad.”
The Chairman also hinted that news deals are in place for some existing players, saying, “We have also continued to invest in the squad by retaining some of our key players. We expect to be able to confirm, in the near future, that a number of our senior players have signed extended contracts. This is important for the stability of the squad.”
Those include Per Mertesacker and Tomas Rosicky, and although talks have taken place with Bacary Sagna, the Frenchman looks likely to leave in the summer, with Wenger admitting today he was ‘not close’ to a new deal at the club.