After the Brexit vote was announced, a quote started doing the rounds claiming that Arsenal would put their transfer plans on hold because of the weakness of the pound.
The Arsenal manager, whom we all know holds a degree in economics and is always concerned with the bottom line, reportedly told ‘someone’ that the weak pound means that it is not economically efficient to move for players as you will lose money on them.
It makes sense. So that’s probably why it has been picked up and spread across the internet with such fervour. It seems like something he *would* say, therefore people are keen to believe it.
People are still no wiser as to how this Brexit nonsense will all play out, although the same experts who predicted a recession before the vote are certainly not changing their tune in the light of sterling’s Vardyesque dive after the result.
Wenger and Arsenal, like most clubs, will be hoping that the markets stabilise in order to get work done, but while it might be at the bottom of a very long, painful list of ramifications from Thursday’s vote, it’s just another problem that we have to face today that we didn’t have to worry about last week.