We don’t have the cash – Wenger

Arsene Wenger has conceded that Arsenal do not have the funds to compete with the big guns in the transfer market. Following heavy defeats to title rivals Manchester United and Chelsea in recent weeks, many fans have criticised him for not strengthening the squad in the January transfer window. Speaking to The Sun newspaper on Wednesday, Wenger said he would continue to develop young talent. "We've gone for a policy and need to be strong, patient and sometimes get knock-backs but still persist because it's the only way this football club can be run. Football lives in an artificial world at the moment. You know what the situation is. We have to live in a realistic world at Arsenal and we are very proud of that. If you go on high transfers, you go on high wages. It is linked. We cannot afford that."