Arsenal boss
Arsene Wenger is critical of
Premier League clubs who are
spending big money and running up debts.
Half of clubs in the English top flight are now owned by foreign
investors who are dipping into their bank accounts to fund new
transfers.
The Frenchman, who is regarded as a manager who favours scouting
young talent rather than buying already established players, has
slammed big-spending clubs as 'half-cheating'.
"Professional football is about winning and balancing the
budget," he said in the Daily Express.
"That's the basic rule, one I fought for. All the rest is
half-cheating.
"For every club it has to be the same. I always pleaded for
financial fair play.
"The clubs belong to the fans. That's all I feel my
responsibility is, to keep the club in good financial
condition."
Chelsea announced on
Wednesday that they had significantly improved their debt after
owner Roman Abramovich converted his loans into equity.
When asked about the announcement, Wenger added: "Well, you know
we are in a period of magicians."