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Arsenal Supporters’ Trust claims the Gunners are sitting on a transfer kitty of £42million for the January transfer window – not the £30m club officials are reporting.
During a prickly Annual General Meeting, Arsenal chief executive Ivan Gazidis insisted that it is ‘quite untrue to suggest the club is sitting on a huge cash pile that it is refusing to use’.
However, following independent analysis, the AST believes they’ve revealed an additional cash surplus which can be used to strengthen Arsene Wenger’s depleted squad.
‘The AST estimates that the spare cash available for investment in the squad in January is approximately £42m,’ read the AST report.
‘Further additional investment will be possible in the summer of 2015 as long as Arsenal qualify for the Champions League for the 2015-16 season.
‘The AST remains very frustrated that with such resources available further additions weren’t made to the squad in key positions. It now remains to be seen whether running such a small squad in these positions will prove costly to Arsenal’s title ambitions this season.’
Wenger came under heavy criticism from fans over his failure to add sufficient defensive cover to his squad over the summer – a failing he admitted during the recent AGM – while chairman Sir Chips Keswick caused further controversy when he insinuated that the Frenchman didn’t have a plan to reinforce the defence during the recent window.