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Wenger relaxed over lack of Arsenal spending power

Arsene Wenger insists Arsenal are serious Barclays Premier League title challengers despite lagging behind their rivals when it comes to transfer spending. Manchester City have splashed out £80million on four players so far this summer in a bid to break into the top four and secure Champions League football.

The Gunners, in contrast, have spent just £8.5million on defender Laurent Koscielny while Moroccan striker Marouane Chamakh moved to the Emirates on a free transfer.

"I am very confident [we'll do better than last season]," the Frenchman told the club's website.

"We know in England that the Premier League is the biggest league in the world and everybody invests a lot of money.

"We invest in our work, in our beliefs, in the quality of our behaviour and I am confident that will pay off. "We finished third last year and we hope we can improve on that - but the race will be tough."

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