Arsenal boss Arsene Wenger insists he doesn't need mega transfer kitties of £70 or £100 million.

Both figures have been mentioned by Arsenal chiefs in the last 24 hours after announcing record financial figures for the club.

"I will only spend if it is needed," Wenger said. "The money is there to help you create a good team and when you feel you have a good team, you do not necessarily need to spend it. You need as well in a club like ours funds available in case of an emergency, in case of big injuries, or sometimes to make a quick buy, therefore you have to use the money as wisely as possible.

"Personally I'd rather just be top of the league, because finances usually follow the sporting side. We focus on what is important on the pitch, knowing that if we do that, finances will follow. I am happy we have a good operating profit because it shows that the turnover of this club is fantastic and that we have made the step forward by moving into the new stadium."