Emirates Stadium manager given money to spend, but will he spend it?
Arsenal hand Arsene Wenger transfer warchest after £150m Emirates deal
Arsenal have extended their shirt and stadium sponsorship with airline Emirates in a deal worth £150million to the club, with part of the payment brought forward so the Gunners can invest in transfers in the January transfer window.
Under the new agreement, the airline retains the naming rights to the Ashburton Grove stadium until 2028, as well as having their name featured on the shirts until 2019.
Arsenal chief executive Ivan Gazidis added the deal, which he described as one of the biggest in football, would see the payment of some of the cash brought forward.
‘Arsenal have agreed with Emirates to bring payments forward so additional money is available to invest this year,’ he said.
‘The decision to invest is up to [Arsenal manager] Arsene Wenger, but now more resources are available to him.
‘We’ve got funds to make the right decisions for the club.’
Arsene Wenger is known for his stubbornness so is the Frenchman ready to amend a habit of a lifetime and spend big to improve his Gunners squad? Arsenal fans will certainly hope so and chief executive Ivan Gazidis has made it clear that the money is there for the Frenchman to spend as he so wishes, therefore hoping to ease the pressure mounting at his door.
The purchasing of three established talents in the summer transfer window; Santi Cazorla, Olivier Giroud and Lukas Podolski, was already a sign of Wenger’s chance in stance when it comes to additions to his Arsenal squad but it may take an even bigger investment in the January transfer window to help bring his side in line with the genuine Premier League title chasers.
The £150m Emirates deal further strengthens the club financially, and Arsenal were already one of the most prudently run sides in European football, so fans will now demand a significant portion of those funds are invested in the buying of quality talent that can help the North London club challenge the likes of Man City and Man United.