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Arsenal boss Wenger pulls back from big-spending summer plans

Arsenal boss Arsene Wenger has again declared he is reluctant to spend big in the transfer market. The Gunners' parent holding company announced half-yearly figures earlier in the week which revealed a profit of £17.8m generated by player sales and cash reserves of £123million.

"There is only one trophy and that is the championship. The real value of the team is where you finish in the championship," he said.

"Let's see where we finish and then let's see how we can strengthen the team.

"If it was just sorted out by the numbers, you would always have Chelsea or Manchester City champions every year. Chelsea finished sixth last year, and that is the real value of the team for me.

"What is important now is to see where we finish and after that strengthen the team and come back and fight for the championship.

"I think we have the basis. If you are really interested in deep analysis of the team's potential, I can sit down with you and show you why we have the potential to do it and then we can have another discussion again."

 Is Wenger preparing Gooners for a flat summer? Should transfers be taken out of his hands? Give us your shout below...

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