Arsenal chairman Sir Chips Keswick confirms: We're MINTED ready to spend BIG in the summer

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The Gunners broke their transfer record in the summer, splashing the cash on Mesut Ozil in a £42.5m deal.

And that signing, coupled with new contracts for stars such as Theo Walcott, Jack Wilshere, Aaron Ramsey and Alex Oxlade-Chamberlain still leave the Emirates club in rude finacial health.

Not only did Arsenal spend big, but they didn't sell any of their best players.

And Arsenal chairman Sir Chips Keswick insists the board will continue to give their full support to manager Arsene Wenger in the summer transfer market on the back of a robust set of financial results, with healthy cash reserves of some £120.6million.

The Gunners' parent company figures cover the six months ended November 30 2013.

Although those results showed there was a group loss before tax of £2.2m, mainly down to investment in the squad, they also revealed an extension of the Emirates Stadium's sound financial footing.

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Keswick said: "Whilst youth development continues to be an important focus, we fully recognise the importance of getting the balance right between youth and experience.

"As you well know, we signed Mesut Ozil for a club record transfer fee in the summer and, in addition, the signing of Mathieu Flamini has proved to be an astute acquisition.

"We will continue to work hard to keep the players Arsene believes can take us forwards.

"We will also continue to support the manager in the transfer market when he identifies players he believes can further strengthen the squad."

The club added: "[The] overall result for the year is expected to be fully compliant with all of the requirements of both the Premier League and UEFA financial regulatory regimes."

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