Arsenal having money in the bank doesn’t mean Arsene is aloud to spend it, simples really.
Kroenke is financing huge investments by securing huge loans. To secure these loans he borrows against his assets, ie his Arsenal shares as a loan security. To get larger loans with lower interest he needs to insure Arsenal has a high liquidity, ie cash in the bank. To maximise loan value he also needs to ensure Arsenal is turning a profit, high spending would show a loss on our accounts and would mean a lender wouldn’t offer as favourable rates.
Arsenal’s cash is probably banked in the same bank Kroenke’s borrowing from. By doing that Kroenke could offset Arsenal savings against any loan, despite Kroenke only owning 67% of AFC he could do a deal to offset any loans against 100% of AFC’s cash reserves.
Wenger actually said at the beginning of the summer he only wanted to add three players. Reading all the information/rumours regarding Lemar, it’s fair to think we didn’t meet Monaco’s valuation earlier in the summer. When we made them a offer they couldn’t refuse, it was already to late.
Were his hand really that tight up by the board? I don’t think so.
Problem is that our holes have only become more glaring in the last few weeks. Xhaka and Ramsey are a terrible midfield pairing, and that’s left even more holes to fill. So 3 signings seemed ok at the start of the summer. Now that it’s confirmed how bad Xhaka is we needed more.
What was wrong with my response exactly? You’re asking a question based on a theory that is nothing more than a conspiracy. So like I say, making shit up.
You and I agree for the most part in regards to Arsenal related matters, but how dare you question my man’s intellect! Not only is Dan a handsome Ewan McGregor doppleganger, but he’s more intelligent than 99% of people on this forum!