“Half of the club’s budget devoted to player salaries; the other half dedicated to equity and operating costs. 

“At Arsenal, this rule was imposed on us by the banks: we could not exceed a part of our budget in player salaries. But it did not prevent us from paying very large salaries.”

Wenger also believes that the licensing of player’s agents, dropped by FIFA in 2015, should be brought back.

He said: “I have no problem with the remuneration of an agent who makes me a great deal: when Marc Roger and Jean-François Larios brought me Patrick Vieira to Arsenal in 1996, when he was on the verge of sign at Ajax, I was happy to pay them.

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