Wenger: Cautious Spending Owes More to Recession than to Financial Fair Play

Arsenal manager Arsene Wenger has said that lukewarm nature of the recently concluded winter transfer window is a clear sign that European clubs are now unable to match their previously sky-high spending levels.

The veteran Gunners boss compared the business conducted in January 2012 to the spending frenzy that took place same time last year, when more than £100 million were splashed by Chelsea and Liverpool on the purchase of just a handful of players.

Read the full article at Arsenal Insider.

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