Arsene Wenger spent a lot of money 25+ years ago? Does he mean money generated from sales of bargain buys and unearthed talent? Not the same, Pep.
Anelka sale = London Colney + Thierry Henry; Campbell = free; Toure = 150k or thereabouts; Backline = inherited + promoted from the youth + bargain buys; Midfield = bargains or promoting youth.
If I’m not mistaken, I believe Reyes was the biggest “splash” Wenger made up until his later years with the club (Sanchez, ozil, etc..) and by that time we had started to generate a lot more cash thanks to the stadium move.