Wenger Backed With £70m Warchest As Boss Targets Jovetic & Capoue

By on February 18, 2013

Despite the transfer window now being closed there will still be plenty of gossip doing the rounds in the newspapers, so we’ll keep you up-to-date with the latest transfer rumours. Today, is Arsene Wenger finally set to splash the cash?

Stevan Jovetic

Jovetic – Arsenal target

Arsenal are ready to back under-fire manager Arsene Wenger by handing him a record £70m summer transfer budget with the Frenchman targeting ‘three or four’ top quality players, according to the Telegraph.

The boss has come under increasing pressure from disgruntled (understandably) fans after another embarrassing cup exit at the weekend, this time to Blackburn Rovers in the FA Cup, with many supporters feeling his time at the club is up.

However, it seems the Arsenal board are set to back Wenger with the Telegraph claiming he’ll be handed around £70m to strengthen the squad with this summer with the club expected to announce sizeable profits when they reveal their half-yearly accounts within the next two weeks.

The report suggests we have a cash balance of around £150m in the bank and much of this figure is set-aside for running costs and contingencies – such as missing out on the Champions League – so it’s understood Wenger will get the £70m regardless of whether we finish in the top four or not this season.

Many fans may wonder why, if the club has so much money sitting in the bank, did Arsene not spend some of it in January to fill the obvious holes in the squad. The newspaper claims his top targets, believed to be David Villa and Etienne Capoue, were not available last month so the boss decided to wait until the summer when he hopes to have a better chance of landing them.

The Telegraph claim Wenger will maintain his interest in Capoue but will switch his attention from Villa to the younger Stefan Jovetic. A right back is also understood to be an area of concern with Bacary Sagna likely to leave while an experienced goalkeeper is also on the agenda with Pepe Reina, Victor Valdes and Asmir Begovic all being considered.

Read more Arsenal transfer news

Seasoned Arsenal fans will have heard all of this before and stories of summer ‘warchests’ coming out after a disappointing defeat is nothing new. But you get the feeling the boss is on borrowed time and one of these days he’s going to have to finally bite-the-bullet and splash some cash. With his contract up in 2014 this summer may be his last chance to do so….but will he take it?

Do you think Wenger will spend heavily this summer? Who would you like to see come in? Get involved in the comments section below.

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16 Comments

  1. Kenneth

    February 18, 2013 at 10:57 am

    I do not think Wenger will get Capoue or even Jovetic. He’ll always talk about the rotten “African player of the year” in Gervinho. A.W should go now if Arsenal fans are to get any returns for their money

  2. edward owen

    February 18, 2013 at 11:01 am

    Rubbish artical,as if wenger would spend that kind of money.

  3. manu

    February 18, 2013 at 11:06 am

    haha 70 million that’s a joke…Arsenal have only 2.4 million and no players of what we dream of will came to Arsenal because they know that the club dnt want to win a trophy and they will be paid only 20 k per week…while other players get 200 k per week…. hopeless

  4. manu

    February 18, 2013 at 11:10 am

    Arsen will always stick to his point of not buying a stars….haha he will only buy Girvino type of players…so bright for the future for another 6 years to come bla bla…haha… AW want us to suffer seeing Arsenal being beaten painfully…

  5. AFC

    February 18, 2013 at 11:13 am

    This is ridiculous, please stop spreading non sense and get something more apt to write about. :|

  6. waiswa francis

    February 18, 2013 at 11:13 am

    Now whoever expects AW and his Board to splash that kind of moey shoul also expect Pope Benedict to rescind his resignation.What i actually expect is the departure of TV and Bacary Sagna in the summer

  7. King

    February 18, 2013 at 11:27 am

    Benedikt Howedes 24 One year on his contract 11 mil
    Angelo Ogbonna 24 15 mil
    Victor Wanyama 22 10-14 mil
    Robert Lewamdowski 24 One year on his contract 15-20 mil

    Gonzalo Higuain 24 wants to be main man 20-25 mil

  8. Charlie

    February 18, 2013 at 11:50 am

    Every year when Arsenal have no chance of a trophy we hear about this notorious “war chest” and every summer it’s the same. Break even and that’s it. I’ll believe it when I see it. Apparently it’s due to happen just after the Easter Bunny is discovered in Atlantis playing poker with Santa, Bigfoot and the Tooth Fairy.

  9. sube

    February 18, 2013 at 11:57 am

    Not true. We have heard this too many times in the past 8 years to believe it.
    Even Messi won’t do for Arsenal at the moment. They are so poor.
    God help them.

  10. Thomas

    February 18, 2013 at 12:07 pm

    Oh stop it – wenger is not spending 70m this summer. He will buy a couple of ~10m half decent players and thats it.

    These articles claiming things will change just annoys me now.

  11. Charlie

    February 18, 2013 at 12:14 pm

    Apart from anything else there’s Financial Fair Play to worry about. Despite what Arsenal might want you to believe they have not spent the last 10 years getting themselves into a position where they have an advantage. Income + 30m > expenditure is the basic rule. Champions League is worth about 30m so assuming that Arsenal don’t qualify they will be at a disadvantage compared to United, City, Chelsea and probably even Spurs (who also have a lower wage bill). If they were ever going to spend a net of 70m that time has passed.

  12. Arran

    February 18, 2013 at 1:23 pm

    Complete and total rubbish report. I think we are all starting to see a pattern emerge here….We play bad, the Arsenal press team go into overdrive with reports of players coming in, massive transfer budgets, then they will release the financial figures for the year to date in April and hope that the promise of this gigantic transfer budget will keep the fans quiet. Ive been a strong Wenger supporter in the past but it is time for a change NOW !!!

    • AFC

      February 18, 2013 at 1:53 pm

      I cant agree more, i was a massive Wenger fan, but not i feel a bit like a Liverpool fan, like what just happened.

      We need change now not later.

      New manager, loan and sell dead wood. And get new players to fill the gap

  13. AFC

    February 18, 2013 at 1:36 pm

    I tend to laugh at the list of players deluded Arsenal fans put in pages like this, somehow they think Wenger or Arsenal FC read these blogs and think “hang on, his right that fan, he is….”. As long as Wenger is Manager we are not going to get a player that costs more than 15 – 20 Million Pounds, look he has spotted great talent, but then we sell them two seasons later for double the money. We need a new manager, we need Mourinho, yes i know his not a Arsenal manager but he can be, Anti football + parking the bus = success and that counts. Any other manager just sucks, besides Mourinho would love to take on Fergi, Mancini, & Rogers. plus we will get good players and silverware.

    Only thing is Mourinho will not take the job at the Arsenal because he wants a warchest and the Arsenal have a music box.

    So guess we need a few more season to win anything, soon we will be just like Liverpool and live in the glory days, might as well start singing “you’ll never walk alone” in the Emirates too.

    Wenger out!!!!!!!!!!!!!!!
    Mourinho in, if not then a good second option.

  14. zakariyau jelyll

    February 18, 2013 at 4:46 pm

    Board nd Mr Wenger stop scoping us we fans enough is enough don’t give us fake promise whenever Arsenal miss target d board will come out wit heaven nd earth promise wit millions of £ nd when transfer comes in wenger will give u flimsy excuses.
    4instance when we loose 2 Bradford club Board nd wenger promise us wit money nd
    lot of fine players when jan transfer came wenger has no intetion of buying players if not bcos of Gibbs injury dat makes him buy a LB at d last minute of d jan trasfer.
    Now another div one club (BB) defeated us Board came again out wit a promise of £70m nd wenger came out again of buying a strong striker, RB,nd goalkeeper. Wit all dis promises is it going 2 b fulfilled?

  15. the viper

    February 18, 2013 at 6:48 pm

    people please calm down.i know it hurts to see the team lose but wenger is not the guilty guys,it’s the board and our luck.even barca had bad times.i hope mourinho never touches our sacred club.he will destroy it.

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