Swiss Ramble and the Arsenal Supporters Trust each had a good look at our finances and independently both came up with a figure of about £70m as a budget for this summer.
But, as you say Klaus, plenty of room for manoeuvre with what we can rake in by shifting the players that aren't good enough. Although, I'm pretty sure Joel Campbell is out of contract this summer so we'll get nothing for him.
The media are doing the same thing with their "£50m is all Arsenal have to spend!!!" line as when they lie to the fans about us sitting on some mountain of money with "£200m" in the cash reserves. A lot the fans have fallen for that rubbish over the years and they're cashing in on their anger (and ignorance) now with this nonsense.