Arsenal

Arsenal News

Sunday, March 11, 2007

WENGER ASSURED OF SUMMER BUDGET

Arsene Wenger has been handed assurances that his budget for summer transfers will not be affected by Arsenal's Champions League elimination.

The Gunners bowed out of Europe in midweek after losing their last-16 clash 2-1 on aggregate to PSV Eindhoven.

Managing director Keith Edelman had hoped Arsenal would reach the Champions League final for a second year in succession, but he maintains the club's financial plan had accounted for an earlier defeat.

Wenger will therefore be given a considerable transfer warchest, believed to be in excess of ฃ20million, to bolster his squad in the summer.

"It will not affect the manager's budget at all. It certainly will not mean it will be cut in any way," Edelman told Sky Sports.

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