Arsenal Boss handed £70m transfer budget

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Updated: February 19, 2013

Arsenal boss Arsene Wenger looks set to be given one last chance to save his Gunners career this summer.

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The long serving manager has found life difficult in recent times, as the club have been forced to sell it’s big name players. Now the board have agreed to release the funds that could see the French man create a new team.

Despite FA Cup defeat to Blackburn at the weekend, and Champions League qualification not yet secured, the club remain loyal to their boss, who will see his current contract expire at the end of next season. Wenger has been one of the most successful managers in the history of Arsenal, but success has eluded him over the last decade, as the Gunners fall further behind the likes of Chelsea and Manchester City.

Reports suggest that Wenger will be allowed a transfer budget of up to £70m this summer, as he gets one last throw of the dice to save his job. Renowned for his shrewd transfer dealings, specifically the capture of little known players from the French leagues, the Gunners boss has been told to “target three or four” players, including a world class striker to replace Robin Van Persie. The latter was a huge success for Wenger and Arsenal, but when Manchester United came calling, the offer was too good to turn down. Now established as one of the leading strikers in the Premiership, Van Persies exploits must haunt his former employers.

With a vital Champions League clash with Bayern Munich next up for Wenger, he believes that his main job will be to rebuild the players’ damaged confidence after the Blackburn defeat. He also admitted that their collective mentality has become a significant problem:

“It is vital for the end of our season that we respond in a strong way. First you have to rebuild the confidence because we are not playing against Blackburn on Tuesday. We play Bayern Munich, so a lot of confidence will be needed.

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