Arsene Wenger has said what Lord Harris has said is not at all true, and has said that he , Lord Harris had indeed gone overboard there.
It could be that Arsenal do have lots of money but not that amount mentioned., and yes Arsenal could very well buy a good striker , and Arsene Wenger is known to play his cards close to his chest, with big signings done on the last day of the transfer market, once it was done with a few minutes left before the close of the transfer window.
We bery well could see Karim Benzema join on that day.
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