The money is available. What requires explanation is that Wenger is happy to, in fact seemingly obsessed with taking risks with a lack of proper investment in players, yet is apparently so risk averse when it comes to spending money. This can only be down to one thing - supreme arrogance in the face of overwhelming evidence. Wenger is like a flash punter in a casino - losing heavily at the roulette table, yet continuing to put his money oon the same number - convinced that under his system, his win will somehow come. Meanwhile all the hangers on have long since lost interest and are following more successful punters at other tables.