23 Aug 2013 18:50:07
On Tuesday, Arsenal financial director Richard Law flew into Valencia, but his offer was so paltry that it left Valencia in a state of shock. The London club's representative explained that Arsenal does not have much money to invest, but the club is interested in Guaita given his desire to leave Valencia."

Maybe the 70 mill was total BS

ED?? {Ed027's Note - money is there, it's proved in the accounts

1.) 24 Aug 2013
The money is there, as ed said, in fact there is more 150mil.

What is perhaps BS is whether its going to be spend or not.

maybe SS has got cold feet. Sooner the board change the better.

2.) 24 Aug 2013
It doesn't mean it has been put aside for investment though ED?

3.) 24 Aug 2013
What a load of tosh! The money is there to spend, but they are not going to waste it on the likes of him!

Why bother posting pish like that?!?

Churchill Gooner

4.) 24 Aug 2013
If the lack of funds excuse was given, he's trying the old, tiresome haggling trick. The amount arsenal really have is enough to buy cr7. Which will never happen btw

5.) 24 Aug 2013
I must ask Ed has it been proven we have this kinda money. See obv I believe it. But my local team have a few people who are determined saying we are skint. Obv bs so be nice to know of some proof to shut them up. {Ed027's Note - show them the accounts

6.) 24 Aug 2013
Just watch the gazidis interview mate he talks about a 150 mil cash reserved tbf he didn't say it was all up for investment he also talked about fly emirates paying a lump sum from the sponsorship deal to invest on players!

7.) 24 Aug 2013
24 Aug 2013 09:44:20
it's actually an interesting piece of information. wenger stated in his most recent interview that arsenal don't have as much money to spend as has been reported.

i agree with Ed027 that it's proved in the accounts, but are the board now trying to counter gazidis' obviously personic statement at the beginning of the summer concerning rooney ("we can do that and more") and our £70 million?

8.) 24 Aug 2013
Hasn't Addidas already given us some money for players as well even though they don't become kit sponsors till next season

9.) 24 Aug 2013
Churchill you make a point but think of this why the hell did Dick Law go over there and offer 20 million below the price they value him at?

Maybe he just likes travelling

10.) 24 Aug 2013
Also guys ask yourself this

The money might be in the bank but it clearly isn't ear marked for transfers.we would have spent some by now. Charlie Nicholas was saying that the 70 mill for transfers is just for that wages are separate.

I'm not convinced we have 'that' amount for transfers .

Someone give me a very good reason as to why we left it this late? Would you sell one of your best players with no time left to replace him? If we know this why don't Arsenal?

11.) 24 Aug 2013
Ill think you will find that's called negotiating!

12.) 25 Aug 2013
Maybe they are saying they don't have much money to spend to Valencia because it is set aside for other, more important transfers that are in the pipeline? just a thought.

keep the faith gooners the next few weeks could be great or terrible so let's just stick together support the team and hope for the best

13.) 26 Aug 2013
Next season's puma isn;t it?