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Arsenal boss Wenger: I am not afraid to spend big in transfer market

Arsenal boss Arsene Wenger insists he's not afraid to spend big in the transfer market.

Less than £10m was spent in total this summer with only three signings arriving - defenders Laurent Koscielny (£6.5m) and Sebastien Squillaci (£3m) along with Moroccan striker Marouane Chamakh (free).

Yet, boosted by profits made from the redevelopment of the club's former home Highbury, Arsenal's net debt has gone down from £297.7m to £135.6m.

But Wenger, whose in-form side entertain West Brom today, claims he carries a stigma for preferring to sign less well-known players while bringing through youngsters, rather than throwing around loads of cash.

The Emirates boss, who has £30m to spend if he wishes, said: "We make a profit because we don't spend - simple as that.

"What is unbelievable, is that people approach me for making a profit but no one says a word to those who lose money. I'm not afraid to spend money but I manage in a safe way. It now looks like we are in a business where the quality is to lose money.

"If I always bought players then Jack Wilshere wouldn't have come through. You cannot have everything.

"I know that and I've been in the job long enough to have a development policy to educate the players. The most difficult thing is to play them and to stand up for it."

 Click here for the best Arsenal coverage on the 'net. All your Gunners news and gossip in one spot.

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