Wenger hit by low cash blow

• limpper

  9 Jul 09, 16:41

  

  NO CASH ... Arsene Wenger

   

  ARSENAL do not have enough cash to finance Arsene Wenger's Premier League dream, claims their second-biggest shareholder.

  Russian Alisher Usmanov failed in an attempt to talk the club into a rights issue to generate funds for a transfer war chest for boss Wenger.

  In a statement his holding company said: "The board are confident they have adequate resources to strengthen the squad. We do not share their view."

  Arsenal's only signing this summer has been Ajax defender Thomas Vermaelen for £10million.

• limpper

  9 Jul 09, 17:19

  Usmanov convinced Arsenal board short-changing Wenger

  Arsenal shareholder Alisher Usmanov is convinced the board cannot support manager Arsene Wenger's transfer plans.

  The Sun says the Gunners do not have enough cash to finance Wenger's Premier League dream, claims their second-biggest shareholder.

  Usmanov failed in an attempt to talk the club into a rights issue to generate funds for a transfer war chest for boss Wenger.

  In a statement his holding company said: "The board are confident they have adequate resources to strengthen the squad. We do not share their view."

  Arsenal's only signing this summer has been Ajax defender Thomas Vermaelen for £10million.

• limpper

  9 Jul 09, 17:22

  Gazidis overhauling Arsenal front office

  Arsenal chief Ivan Gazidis is overhauling the club's front office.

  The Times says Gazidis is undergoing an overhaul of departments that has been causing disquiet among staff. The chief executive wants to appoint five senior executives, one of whom will replace Adrian Ford, the commercial director, who will leave next month.

  “We have built, not bought, a team,” Gazidis said of the club’s caution with transfers. “There’s a football graveyard of clubs that have not adhered to these principles and have unfortunately suffered the consequences.”

• marcteng

  9 Jul 09, 17:53

  arsenal always have low cash to buy players like, since they build the stadium themselves.