Arsenal stunner: Wenger sitting on £50M-plus transfer cash mountain
Arsenal boss Arsene Wenger has a shed load of transfer cash burning a hole in his pocket.The Sun says the Gunners are expected to release figures any day now which will show Arsene Wenger is sitting on at least £50MILLION of cash.
The books will say the Gunners had well over £100m in the bank at the year end of May 31, 2012. But that will include most of their season ticket revenue for 2012-13, a big chunk of which will go to cover current operating costs.
Financially savvy Gooners will look also at the net debt and expect to calculate Wenger has £50m or more stashed away - excluding the expected £25m windfall from the Queensland Road development.