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Charles Watts delivers verdict on Arsenal's reported £250m budget for transfers

Photo by David Price/Arsenal FC via Getty Images

90min shockingly claimed last week that Arsenal owner Stan Kroenke has given the green light to Edu to spend a staggering £250 million on transfers this summer.

Yep, you read that right. Silent Stan is reportedly prepared to hand Arsenal a quarter of a billion to help take our club back to where it belongs.

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The Gunners ended last season in eighth – our worst finish in over 25 years. We won’t be in any of the European competitions as well, and that is simply not good enough for a club as big as Arsenal.

Changes are an absolute necessity this summer and the rumours about a £250 million transfer war chest really excited a few supporters. However, if Goal’s Arsenal correspondent Charles Watts is to be believed, that number is wide off the mark.

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Watts: Arsenal don’t have £250m to spend on transfers

He said on his YouTube show today: “I think £250 is probably closer than £250 million. I don’t think Arsenal are going to spend £250 million this summer, it’s just not going to happen.

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“They are probably going to spend a fair bit and the Barclays loan will definitely help, but I don’t think there’s really an overall figure on what they’ve got to spend. They’re going to make money on sales, that’s definitely going to happen as well.

“£250m is just too much for me. I don’t think they’ve got that much to spend, but they’ve got a fair amount to spend. They’ll be able to do some significant business in the transfer window but £250 million seems a little bit too much for me.”

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The Insider’s View:

A £250 million transfer budget did seem unrealistic when the report came out last week, but somewhere in the corner of every Arsenal fan’s heart, we hoped that Kroenke had finally decided to show some interest in the club.

It’s not all doom and gloom though. Watts has revealed that Arsenal will still have enough money to make some significant signings this summer, and that is a positive update ahead of the new season.

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Edu is definitely a busy man these days and the pressure is on him to deliver. Arsenal need plenty of top quality players this summer and if the Brazilian can’t get some big deals over the line, fans will start to call for his head.

Photo by David Price/Arsenal FC via Getty Images
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