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'Arsenal need to spend £250m to compete' - Parlour sounds warning to Wenger successor

02:58 GMT+3 09/05/2018
Arsenal celebrate vs CSKA
The former Gunners midfielder believes substantial investment will be required this summer to bring about a reversal in fortune at Emirates Stadium

Whoever comes in to replace at Arsene Wenger at Arsenal will require a summer transfer kitty of £250 million ($339m) in order to make the club competitive, claims Ray Parlour.

As the Gunners prepare to open a new chapter in north London, with a long-serving manager heading for the exits, much work is required in order to bring about a reversal in fortune.

The club have slipped to sixth in the Premier League and, having failed to secure major silverware, are facing up to another season without Champions League football.

Parlour believes the new man at the helm needs to be backed with considerable funds in order to improve results, with Goal revealing that Massimiliano Allegri and Mikel Arteta are the favoured options of the Arsenal board.

The former Gunners midfielder told talkSPORT on summer plans: “If I was the new manager going into the club in the summer, the first thing I would say is: ‘How much have I got to spend?’

“I’d say they would need £200m, but a little bit more if they want to compete – £250m.

“A big problem Arsenal are going to have this summer is attracting the big players, because they’re not in the Champions League.

“The challenge for Arsenal’s new manager is to get back into the top four, and to do that you’ve got to have investment – simple.

“The board have got to back him. They won’t want to spend a lot of money in the summer, but that’s what they’re going to have to do if they want to compete in the top four.”

Arsenal were famed for their frugal approach to recruitment throughout Wenger’s reign, with the Frenchman reluctant to invest heavily in single additions.

That policy was relaxed slightly for deals including the likes of Mesut Ozil, Alexis Sanchez, Alexandre Lacazette and Pierre-Emerick Aubameyang, but the Gunners have been blown out of the recruitment market by the spending of domestic and European rivals.

Something has to change if a top-four standing is to be reclaimed and title challenges pieced together, but it remains to be seen whether the purse strings will be loosened under a new boss.