Arsene Wenger should not be offered a new contract as boss of the club, the Arsenal Supporters' Trust (AST) said today.
According to business blogger The Swiss Ramble, the Gunners have a cash balance of £154 million, which is thought to be almost as much cash as the rest of the Premier League’s other 19 clubs combined (£181 million).
In a statement, the AST said: "In recent weeks [chief executive] Ivan Gazidis has spoken of the club's intent to offer Arsene Wenger a new contract.
"The AST believes this is inappropriate...The fact that there is money available for squad-strengthening is not disputed. The AST's independent analysis suggests that the amount is somewhere between £70m-£100m.
"Arsenal supporters are dismayed by this continued lack of ambition most notably illustrated when the manager describes fourth place as like a trophy".
More top news
Fourteen police officers were injured in protests over death of Edir Da Costa, the Met has confirmed.
A full list of buildings that have failed fire safety checks in London has been confirmed following the tragedy of the Grenfell Tower fire.
One of the youngest victims of the Grenfell Tower tragedy choked to death on fumes from the fire, an inquest heard.