Pages

Sunday, June 13, 2010

Wenger lines up £30M worth of new summer signings

Arsenal boss Arsene Wenger is ready to splash out £30 million this summer.

The Mail on Sunday says Wenger, criticised by fans after his young side failed to win a trophy since 2005, is to splash out £30million on building a squad to end the drought.

Wenger will make the club's biggest impact on the summer transfer market for more than a decade, with Everton defender Phil Jagielka the latest target, along with Chelsea's England midfielder Joe Cole, Fulham goalkeeper Mark Schwarzer and Lorient defender Laurent Koscielny.

Wenger is finally ready to make major signings after almost 10 years of being constrained by the club's move to the Emirates Stadium.

Arsenal have rarely been major players in the summer transfer market since committing to building the Emirates Stadium 10 years ago, a project completed in 2006 at the cost of £380m.

But the club made £45.5m profit last year, making them one of the few in the Premier League to enjoy a substantial return.

Their financial outlook is much brighter than Manchester United, Liverpool and Chelsea, with more profits expected this year as stadium debts fall.

No comments: