By Chris Harris

Arsène Wenger believes that football could feel the effects of the 'credit crunch'.

The economic downturn has had far-reaching consequences for people and businesses across the globe but some have suggested that the vast amount of wealth in football would insulate the sport from a recession.

As the transfer window approaches, it remains to be seen how thrifty English clubs will be. Wenger expects most to cut their cloth accordingly, with two notable exceptions.

"The economic situation will affect the game, of course it will," said Wenger at his pre-match press conference.

"It won't [affect me] because at the moment I'm not spending anything on any player. I don't know [if the credit crunch will affect the January transfer window] but it maybe doesn't affect the super-rich. They are Manchester City at the moment.

"And if Chelsea don't buy, it is because they have decided not to buy. They can certainly afford to buy. I wouldn't think that they cannot afford to buy. They can.

"But it's difficult to say what will happen in the transfer window. I compare it a little bit with what is happening on the stock market. It's always difficult to predict whether it will go up or go down."

Copyright 2014 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source 14 Nov 2008