By Richard Clarke

Arsène Wenger insists he is not scared to spend money in the transfer market.

On Friday morning, Arsenal posted buoyant financial figures. Both profit and turnover were at record levels. In addition the Club’s debt had been significantly reduced.

The manager has been criticised for not re-enforcing his squad with part of this money. However Wenger argues it is his responsibility to use his club’s funds as wisely as he can.

“I have the wrong reputation,” he said. “I’m not scared to spend money.

“But the job of a manager is not to spend as much money and to get someone like Marouane Chamakh for free. But instead of getting credit you get accused for getting him for free. [People say] ‘why did you not get spend £20 million for him?’

“If I’d bought him two years ago for £20 million it’s OK. But when you get him for free it’s ‘oh, he didn’t spend money again’."

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 24 Sep 2010