Manager Wenger reveals his financial frustration at Arsenal

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The financial situation at Arsenal is likely to force Wenger to sell Emmanuel Adebayor this summer, while the future of Alexander Hleb is also in doubt.

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Adebayor's future remains in the balance

Wenger was also forced to concede the days of Arsenal competing with Manchester United and Chelsea for signatures of the world's biggest stars are gone.

Outlining the harsh realities of life at the Emirates, Wenger said: 'The strategy of the club is to sell every year and to buy less expensive players.

'We manage at Arsenal to maintain all our football ambition, national and European, while having to free up - for 17 more years - an annual surplus of £24m to pay for our stadium.

'The club's strategy is to favour the policy of youngsters ahead of stars and to count on the collective quality of our game.'

Wenger could increase his transfer kitty with the sale of Adebayor to Barcelona for a fee in the region of £30m.

Hleb is also a target for the Spaniards, although deals for the pair would be dependent on club president Joan Laporta defeating a vote of no confidence, with the result due late last night.

Blackburn's Roque Santa Cruz remains top of Wenger's wish list.