The French manager claims that even if they do splash the cash they will continue to be outpriced on certain players and vowed to remain responsible
The north London side's 2011-12 financial results were boosted by the funds raised through the sales of the likes of Cesc Fabregas,
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Match-day income has also risen slightly to more than £95m for the year, with the cheapest tickets for Saturday's game against Chelsea at the Emirates Stadium priced at £62 - making it the most expensive game in Premier League history.
"Our numbers are good," Wenger told reporters. "They are pleasing, very pleasing. We are very lucky because we have good support and the income of our gates is very high.
"We have to maintain that by keeping our fans happy and to continue to manage well in the way we do it.
"We are not scared to spend the money but we feel that even if we spend our money we can't compete with some clubs on certain players. We want to spend our money in the right way."