Arsenal managing director Vinai Venkatesham is attempting to play down fears about a lack of transfer funds at the club.

Many fans are concerned about the fact that manager Unai Emery may have a very limited summer budget.

It is a special concern if the Gunners do not get into the Champions League by winning the Europa League final against Chelsea.

However, Venkatesham says every penny the club earns will be spent to improve the team.

"They know we're not going to go from where we are at the moment to delivering our ambition overnight, and they know that there's going to be a whole load of work along the way to get there," he said to the club's official website.

"Stan and Josh and their direction is quite simple: every single penny that we generate as a football club is available for us to invest against achieving that ambition, and that is the maximum that we can ask from our owners because that is the maximum allowed through the financial fair play rule."