LONDON, (Pakistan Point News - APP - 18th Augst,2016) - Arsenal manager Arsene Wenger hit back Thursday at suggestions he is afraid to spend in the transfer market amid concerns the Gunners are losing ground to other leading Premier League clubs. The north London club, who were last crowned Premier League champions back in 2004, are estimated to have cash reserves in the region of #200 million ($263 million, 232 million Euros).
But their only signing this summer has been that of Switzerland midfielder Granit Xhaka for a reported #30 million from Borussia Moenchengladbach. That is in stark contrast to the transfer activity elsewhere, including Manchester United's world-record #89 million move to bring the French midfielder Paul Pogba back to Old Trafford from Juventus amid several signings. With centre-backs Gabriel and Per Mertesacker injured, veteran French manager Wenger decided against recalling defender Laurent Koscielny, as well as Olivier Giroud and Mesut Ozil, for Sunday's Premier League opener against Liverpool after they were all involved at Euro 2016.