There is growing pressure for Arsene Wenger to spend big during the summer transfer window following yet another underwhelming campaign at the Emirates.
The Gunners were eliminated from the Champions League at the Round of 16 for the sixth season in a row, whilst failing to launch a viable title charge in the Premier League despite the failings of their divisional rivals.
Last year, director Lord Harris claimed Arsenal had the financial firepower to sign “anyone but Cristiano Ronaldo or Lionel Messi.”
But ahead of summer 2016, investment group Collins Sarri Statham Investments strongly refute those claims in their latest report.
They allege the north London club have just £54million to spend on transfers unless they sell some of the club’s current talent to raise further funds.
The report’s author Ravi Lockyer said; “What we have with Arsenal is a number of expectation gaps. First and foremost that is between what the fans expect from the club and what the club could comfortably spend.
“But also another gap between what the club could spend and what they likely would spend, which I expect to be short of the £54.1m. I do not think Arsenal can generate significant cash without player trading profits.”
London Evening Standard speculate that £34million of that sum will be spent on Borussia Monchengladbach’s Granit Xhaka, leaving Arsene Wenger just £20million to play with.