This past transfer window was one of constrained budgets, money woes pulling back any expectations most of us would have had of our new coach reinvigorating our squad and putting his stamp on proceedings.

So, it puts extra emphasis on our summer, with our deficiencies clearly evident and in dire need of new blood.

Well, the recent rumours coming from the club is that the times of austerity are not short lived, and we will have yet another modest budget this summer.

David Ornstein of the BBC, a trusted source, has commented on this, and has sad that the club could have a budget of around 45m for the next transfer window, but this figure is mightily misleading.

This figure could well be enough for up to three top class players, as it would be more than enough to cover fees when spread over more than one season, which is common in transfers.

The figure could also be up to 100m, and this amount would surely be sufficient to bring in what Unai Emery and Raul Sanllehi would need, and with the rumours of former Sevilla Recruitment whizz Monchi intensifying, our transfer targets will have a chance of coming to the club, rather than the club scaring them off with miniscule offers.

The transfer budget at first sounds laughable, but with staged payments and the possibility of outgoings bolstering the kitty, we should have more than enough to lure any potential new Gunners to London Colney.

The shadow of our heavy spending in the past two seasons - this winter excluded - still has an impact on our spending and the club intends on being as self-sufficient as possible. That means that numbers must be watched and transfer fees must be kept in check - hence the loan hunt this last window.

So, in short, our transfer budget is far from hampering us this coming summer, and don’t let any scaremongering from the media taint the truth. We have enough money to do what we need to do.

Especially if we sell someone...