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As featured on NewsNow: Football news

Arsenal owner Kroenke agrees to increase transfer budget for Emery

Arsenal are increasing the transfer budget afforded to manager Unai Emery.

The Independent says Emery has received an early boost to his Arsenal career after majority shareholder Stan Kroenke agreed to release an extra £20million in transfer funds.

Arsenal had set a £50m restriction on their transfer budget, discounting money made on sales, but Telegraph Sport understands that figure has now increased to around £70m.

It is understood that Kroenke himself gave the green light to provide Emery with a bigger budget than initially expected in a bid to help Arsenal's new head coach as much as possible.

Arsenal will still need to bring significant money in through sales to be able to compete with their rivals in this summer's transfer market, but the extra cash has been welcomed by Emery.

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Paul Vegas

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