Arsenal manager Arsene Wenger is sitting on a £57 million transfer war chest that he will spend in the summer, according to a report in The Mirror.

The revelation comes the day after a miserable week for Wenger where The Gunners were humiliated by AC Milan in a 4-0 disgrace at the San Siro that all but ends their Champions League hopes this year, before the hapless side crashed out of the FA Cup last night without as much as a whimper to Sunderland.

Now as the fan outcry gets louder against Wenger’s reluctance to change his stubborn mindset and transfer policy, comes the news that he will be ready to spend the large budget he has accumulated from the sales of Cesc Fabregas ($35 million to Barcelona) and Samir Nasri ($22 million to Manchester City) last summer.

It is believed the player’s Wenger did buy last August – Per Mertesacker, Mikel Arteta, Alex Oxlade-Chamberlain and Andre Santos – were all bought with funds that Wenger had accumulated over the years previous to the Nasri/Fabregas sales and he has £57 million at his disposal to buy the kind of players that are the finished quality and not just prospects/fill-ins.

Arsenal hierarchy will allow Wenger the opportunity to attract the world’s best by scrapping their £100,000 a week wage cap, and also hope that they can make star man Robin Van Persie the kind of offer that will keep him at the club with reports of interest elsewhere. Players like Nasri, Fabregas, Clichy and Kolo Toure all left Arsenal for salary offers way beyond that.

At this point if Wenger is still at the club past through this season he will need to bring in some superstar signings to please the fans who are disgusted with their downfall. The likes of Eden ­Hazard of Lille and Mario Goetze of Borussia Dortmund are being spoken of.

Former Manchester United legend Roy Keane said whilst working punditry for ITV last night during their defeat to Sunderland;

“This is the worst ­Arsenal team I have seen in my time watching football. There is a lack of desire and a lack of ­passion.”

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This article was first posted on February 19, 2012