Latest Charlton News
Gunners ready to spendArsenal are willing to loan money to give manager Arsene Wenger a big budget to spend on new player personnel this summer.
Gunners director Keith Edelman told the Daily Star: "A football club should not borrow to buy players. However, if you are building a fixed asset - such as our stadium - which produces a positive return after you have paid back the debt, then this a sensible approach.
"The reason we have a trading facility was because we would be disadvantaged without it if we wanted to sign players.
"We were concerned that with our debt, clubs would not take our credit.
"This facility allows us to cover the fact we may have to give a letter of credit to back up second and third year payments to guarantee payment."
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