The Arsenal boss reportedly has £70 million to spend on players this summer but has yet to dip into his transfer fund.
Arsenal manager Arsene Wenger has claimed that it is crazy that clubs can spend vast sums of money on players this summer when UEFA’s financial fair play scheme is about to come into effect, Goal.com reports.
When asked about Real Madrid’s pursuit of Gareth Bale, the Frenchman said that the deal “makes a joke of the FFP”, which is designed to stop clubs spending vast amounts of money of multi million pound signings.
Wenger reportedly has £70 million to spend on new signings this summer but so far has failed to make any big additions to his squad, with the Frenchman missing out on the likes of Gonzalo Higuain, who moved to Napoli.
Speaking about the Bale transfer, Wenger said he amazed that clubs could continue to spend lots on new players with the FFP coming in.
“It makes a joke of it,” he told reporters. “It’s quite amazing in the year when Financial Fair Play comes in, world football goes completely crazy. ou wonder what kind of impact and effect it has on the football world. It looks like it has made everybody worse than before.”
Wenger has come in for heavy criticism from some fans this summer for failing to sign any new players and the Frenchman admits that he is feeling under pressure to deliver a big name signing.
“If you say we’re under pressure to spend money, yes we are,” he noted, “but I feel more under pressure to spend the money in the right way and that’s what I’ll try to do. We want to spend it if it strengthens our team. Just spending the money’s not a quality”.
Arsenal are trying desperately to sign Liverpool striker Luis Suarez, but a move has so been blocked by the Reds.