Talking balls: Arsenal war chest swells to £267.55m
Talking Balls: just how large is Arsenal’s “war chest”?
On March 111 2015, Sami Mokbel told Daily Mail readers that Arsenal manager Arsene Wenger will “target a central defender, a holding midfielder and a goalkeeper this summer with a £50million transfer war chest.”
On Febraury 20, 2012, the Metro said Arsenal had a “£55m war chest”
On 9th September 2009, the Daily Telegraph said Arsenal had a “£60m war chest“.
In April 2014, the Metro said Arsene Wenger had been “handed a £70million transfer war chest“.
On January 28 2014, The Irish Independent said Wenger had been handed a “£80m war chest“.
That same day the Daily Star talked of Arsenal’s £100m war chest“.
Now let’s see how much Arsenal spent on players in those years. These figures are for net spend.
Taking the highest figures suggested by the Press and factoring in the money Arsenal actually spent, that Transfer war chest should be:
2009: £60m plus 31m
2012: £55m plus £17.55m
2014: £100m minus £46m
That gives Arsenal a war chest of £217.55m
Add that to the £50m war chest Arsenal have this summer coming and Wenger has £267.55m to spend.
Yes, you can carry forward unspent ‘war chest’ booty but the Press don’t say that. They say that eash year the money is a new windfall.