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@Buffalo_Bill
Last season it was estimated by "Swiss Ramble" (an excellent blog for those of us who are interested in football finance) to be £50 million. After some spending in the summer, and an increase in the wage bill, it is likely to be around that now.
However, Wenger would much rather spend that on player wages rather than handing European or domestic rivals large chunks of his club's profits. This is why he waited for Chamakh's contract to run down rather than buy him from Bordeaux.