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Fans Fume At Arsenal's Big Bank Balance

Arsenal have announced that they have a whopping £123.3 million of cash in reserve.

But what should be a praiseworthy saving in this era of rampant football bankruptcy is likely to be met with bewilderment by Arsenal’s long suffering fans.

Starved of silverware and having seen their best players leave for the last few seasons, the Gunners faithful are desperate for the club to spend some of its accumulating moolah on a few world class players.

They wonder why the Gunners board are happy to let the team scratch just below the surface of the Premier League and Europe’s top level, when some quality talent could boost them steadily upwards.

Compounding the frustration of the fans will be the fact that despite the savings Arsenal made “primarily from player sales”, they now spend around £155million per year on player salaries.

That means Arsenal’s underperforming stars are the fourth-best group of players in England, behind Manchester United, City and Chelsea, while match-day prices continue to sky-rocket for the average Arsenal fan.

Despite Arsenal’s stuttering season, only Nacho Monreal arrived at the club in January, to join a team incapable of scaling the heights with the relative bargain buys of Santi Cazorla, Lukas Podolski and Olivier Giroud to call on.

And the publication of Arsenal’s booming bank account has led the club’s Supporters Trust to query the situation.

"These figures contain few surprises. They show that Arsenal yet again made a profit from the sale of their best players and that the club has large cash reserves,” a spokesperson for the Trust said.

"Arsenal fans have contributed to this financial health through paying some of the highest ticket prices in world football. AST members want to see this money used for more, and better, investment in the team.”

Gunners boss Arsene Wenger meanwhile, seemed to indicate last week that the strong bank balance would enable him to spend substantially soon.

"I am not reluctant to spend and if we find tomorrow a player of top, top, top quality, we will take him," Wenger said.

"I believe that the problem today is not the money, it's to find the talent that strengthens your team. We went out to spend money at Christmas but we didn't find the players."

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