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Arsene Wenger has once again warned against the inevitable financial ruin faced by football and taken a swipe at rivals Manchester City and Chelsea.

The Frenchman, who has long fought against cash inequality in the game, believes the vast wealth foreign investors have poured into their respective clubs has damaged football and the transfer market.

Wenger is continuing to strengthen his own squad at a level below the likes of Chelsea, who have already lavished £32million on Eden Hazard and £25million on teenager Oscar. The Gunners, meanwhile, have added Lukas Podolski and Olivier Giroud for a combined £23m.

But while pointing to the vast income generated by Emirates Stadium, compared with Stamford Bridge and Etihad Stadium, Wenger claimed the unlimited resources of others have had a negative impact on the game.

Swimming up stream: Arsene Wenger continues to battle against cash inequality

Swimming up stream: Arsene Wenger continues to battle against cash inequality

 

Contract rebel: Robin van Persie

Contract rebel: Robin van Persie

The Frenchman, in The Sun, said: 'We consider ourselves in a privileged position because we have a massive income. But overall we are not mega-rich because we do not have unlimited resources.

'A club can buy players like PSG has done or Manchester City or Chelsea, with unlimited resources, but overall football suffers. Look at the activity on the transfer market since the start of the summer.

'Europe at the moment is like the Titanic but we live in football like nothing matters. More than ever we have to run our club in a strict way because it looks like everybody suffers in Europe.

'I would be surprised if football is not touched by it at some stage. If you look at debt in football across Europe at the moment it is quite massive and we have to be responsible.

'We have to be ambitious but also make sure we are not getting in trouble financially.

Arsenal are currently negotiating.the terms of new contracts for Theo Walcott and Alex Song, while they were keen to tie Robin van Persie to a new contract before the Dutchman openly questioned the ambitions of the club last month.

'It is difficult for us because the wages in some other clubs are very high. But of course our players quite rightly compare themselves to the players of the other clubs.'

 

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