Arsenal have a lot of money to spend on transfers this summer

Contrary to some beliefs that Arsenal are not buying many top players this summer because of a lack of transfer funds, Chief Executive Officer, Ivan Gazidis says Arsenal have quite a bit of money to spend this summer and the signings of Gervinho and Jenkinson will not be the last this summer.

“We still will be active in this window,” said Mr Gazidis. “We haven’t finished our business at all. We’re just not conducting it publicly; we’re working hard privately.

“I’m was out in Asia because I could be with Arsène for an extended period of time and think very, very carefully about strategy and targets.

“We understand where the weaknesses have been. Financially we’re in a strong position, we have resources to spend. We’re certainly not sitting there saying ‘let’s hold back on our resources’ for some reason, why would we?

“The resources are there. We’ve got a substantial amount of money that we can invest. The important thing for us, which can be frustrating, is not doing it only in response to a public clamour but in a way that can positively impact our performance next year. That’s the focus now.”

This is VERY good news to hear for Arsenal fans. I agree that doing transfers quietly in the background is the best way to do it. At the end of the day it is going to boil down to who Wenger wants to buy and if the player is willing to be sold by his club. Many of the top class players today do not want to leave their current clubs so do not be surprised if we do not get any big name signings. But surely at least one big name needs to arrive at Arsenal this summer to get us excited about the coming season.