Wenger: I Won't Be Spending Our Pounds 50m ; 'No Need to Spend' [Edition 2]

Summary

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ARSENE WENGER is still refusing to spend big money on strengthening his squad -- despite being told he has up to Pounds 50million at his disposal. The Arsenal manager last night risked infuriating a huge section of fans who want him to loosen the purse strings as his club announced a record profit of Pounds 35.2m after tax.

Chief executive Ivan Gazidis made it clear Wenger can have some of the Pounds 41m generated by the sales of Emmanuel Adebayor and Kolo Toure and also has the board's blessing for a January transfer window raid. But Wenger, who becomes Arsenal's longest-serving manager on Thursday, remained adamant yesterday that there are no players available who can improve his squad. 'I have nothing against spending money,' he said. 'People want me to buy strikers, but where do I put them? I don't know. I have to then lose players who, for me, are world class. It is not a personal thing; it is just that I have a squad that is strong enough to compete.

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Wenger: I Won't Be Spending Our Pounds 50m ; 'No Need to Spend' [Edition 2]

'We have worked with the young players and I am at a ...

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