European football in 'disastrous financial situation' - Wenger

Arsene Wenger today claimed European football had hit a financial brick wall.

European football in 'disastrous financial situation' - Wenger

Arsene Wenger today claimed European football had hit a financial brick wall.

On the day the Arsenal manager made his first signing of the summer – a £2.4m (€3.8) swoop for fellow Frenchman Pascal Cygan – he suggested a quiet transfer market is the sign that clubs are becoming more realistic in their spending.

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