Former Tottenham boss Terry Venables has called on Arsene Wenger to stop acting like an accountant and get back to being a manager with Arsenal. El Tel wrote in The Sun: "Arsene Wenger can still turn things around at Arsenal.

"But he must start acting like their manager again, instead of their accountant.

"For so long he has seemingly worked within the club's financial restraints, not only to the detriment of their trophy cabinet but arguably his integrity as well.

"Whatever you say about the Frenchman, he has stood by the Gunners.

"Now, in this time of crisis, they must stand by him. Apparently they are giving their manager £50million to spend on strengthening his squad in next month's transfer window.

"But I do not think that is nearly enough.

"And if Wenger does not think it is enough either then he needs to come out and say so to majority shareholder Stan Kroenke, chief executive Ivan Gazidis or whoever it is who controls the purse strings at the Emirates these days.

"And if the manager wants £150m - which is what I think it will take to turn the Gunners into a formidable force once again - then so be it."