Arsenal transfer news: "The budget is not 40 million pounds" – Artillery directors refute claims and unveil their recruitment plans

Arsenal Chief Executive Vinai Venkatesham has refuted allegations that the club would only have 40 million pounds to spend this summer, while football official Raul Sanllehi expects new moves ahead of schedule. closing the window.

It had been suggested that the Gunners' boss, Unai Emery, should work on another limited budget, while those in North London are striving to get back into the race for the Champions League qualification.

Venkatesham, however, is adamant that no ceiling has been set for spending, as agreements have already been signed for William Saliba and Dani Ceballos and the promise to increase further.

At the annual fan club question and answer session, he said, "I do not recognize that 40 million pound figure, I read it a lot. It does not come from us, it does not come from the club. The numbers never come from us.

"We've never, never, ever talked about the amount we had to spend, because that's the least useful thing you can do. Raul's work is already difficult enough. If you go into trading and everyone knows how much money you have, it does not help.

"It is true that our funds are more limited after three years in the Europa League, but the budget is not 40 million pounds. We have the budget to make the difference, but it is a particularly difficult window and we are in the middle. I feel and understand the frustration, but there is a tremendous amount of misinformation on the market.

"I've read and sent articles about players we're supposed to have missed. These are players we have never talked about. I understand why sometimes it's difficult for fans to understand what we're doing, but I would say that's because about 85% of what you read is just not true. "

Arsenal remains tied to Celtic defenders Kieran Tierney and Lille striker Nicolas Pepe. Sanllehi admitted that discussions with targets were continuing.

When asked if a semi-center would be acquired for this season, Saliba should be loaned to St Etienne for the 2019-20 campaign: "I can not say a name because I would not do my job.

"If I say a name, I go out the door tonight and it costs 10 million pounds more. The transfer window is a moving target. I've been doing this for 16 years now and I know some windows are more difficult than others. This is a particularly hard window. When I talk with other clubs, it's a common knowledge.

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"There is a bit of stagnation on the market and you do not see the number of signatures you normally see at the moment. I do not know exactly how things will unfold, but I can badure you that we work every hour of the day. I think it's a bit like school, where you rate your grade at the end of the school year and not in the middle.

"The most important thing is to talk to the coach about how he feels about the team, the system he wants to play. He knows more than anyone, more than me, what he wants. We will do our best and continue to work, but I will not name any names.

"Edu joined us recently and did a great job, but he will not be responsible for this window, I want it to be very clear. His real work will begin in September and he will then start planning and working with scouts. That said, he is helping us now, but it would be unfair to say this window is him. "