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.

https://twitter.com/arsenalaction/status/746471829854879744

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.

From what we can see, the quote is 100% fake (although please tweet us or send us a message on Facebook if you have found a source and we will happily update with full credit)

French football manager Arsene Wenger (2nd L) and former French footballer Marcel Desailly (2nd R) are pictured during an interview with former French footballer and presenter Robert Pires (L) for televison channel Bein sports ahead of the Euro 2016 group A football match between France and Romania at Stade de France, in Saint-Denis, north of Paris, on June 10, 2016. / AFP / PHILIPPE LOPEZ
French football manager Arsene Wenger (2nd L) and former French footballer Marcel Desailly (2nd R) are pictured during an interview with former French footballer and presenter Robert Pires (L) for televison channel Bein sports ahead of the Euro 2016 group A football match between France and Romania at Stade de France, in Saint-Denis, north of Paris, on June 10, 2016. / AFP / PHILIPPE LOPEZ

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.

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Writer. Feminist. Dreamer. Gooner. Owner of DailyCannon.com, writing about Arsenal since 2008. Sometimes found in the Guardian, Vice.com & elsewhere talking queer issues, politics & football. If in doubt, assume sarcasm.