Archive for July, 2009

Arsenal may now have sold two major players, following the completion of Kolo Toure’s move to Manchester City, but manager Arsene Wenger is showing no signs of concern and says if he does spend it will be “in the right way”.

The club have funds available following the departures of Toure for around £16million and striker Emmanuel Adebayor, who also signed for Manchester City, for £25million.

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The Emirates Cup returns for its third instalment this summer and will provide Arsenal’s pre-season preparations with a “final firework” according to boss Arsene Wenger.

The mini-tournament serves to highlight one of the many financial benefits of the new stadium and should give the club’s coffers a boost as Wenger finalises his squad for the 2009-10 season. While the club still has around £240million worth of debt that was incurred to fund the new stadium, events such as the Emirates Cup should ensure that in the long run Arsenal will be able to compete financially with the rest of Europe’s leading lights.

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Arsene Wenger has reportedly been interested in Brazilian holding midfielder Felipe Melo. The Confederations Cup winner has been tracked by Wenger throughout his career in Europe whilst plying his trade at Mallorca, Racing Santander, Almeria and currently Fiorentina.

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