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Transfer news: Arsenal could afford Wayne Rooney, chief executive Ivan Gazidis says

Image: Wayne Rooney: Manchester United striker could be a summer target for Arsenal

Arsenal now have the financial power to sign top players like Wayne Rooney, chief executive Ivan Gazidis has declared.

The Arsenal chief also says he wants Wenger to continue to lead the Gunners and is adamant the Frenchman has the backing of the board to continue beyond next term. "We think we have got a fantastic manager," Gazidis said. "We hope that he wants to do what he is doing for the long term. I believe he does. "I think he is still ambitious, still driven and sees the potential of the club as he looks forward and I think he is very excited by that. "We have a great relationship and he has a great relationship with the board as well. So, quietly and at the right time, I think we will make an announcement on that when things are all put in place. "This is going to happen very quietly behind closed doors, privately and then there will be an announcement. "I don't even want to say (if we have discussed a new deal). We have got a lot of confidence in Arsene that he is the right person to take the club forward and I think he will want to do that."

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