Wow, you manage to contradict yourself about 100 times in 1 post.
And you know this how? Why was it being reported that without selling Sanchez, even after banking £35m for Ox, that Arsenal didn't have any money to spend?
I have absolutely no idea if Wenger can or can't spend that money but as I've said, there are people in finance that have speculated that the terms Kroenke's personal borrowings are or will be directly linked to the state of Arsenal's balance sheet. This certainly wouldn't be uncommon, as I've shown the Glazers had (may still do too) a very similar agreement in place with their borrowings and Utd's finances. Again though, I don't know this for certain (I suspect neither do you), it's just a theory as to why Arsenal have kept their cash levels incredible high over the last few years.
On the first part, you don't really get it do you. PSG were sanctioned a MINOR amount for putting 200mil extra into their club a year. They still put that 200mil in, they wouldn't have been able to pay their player wages or have the squad they had without that 200mil. Uefa did exactly nothing to stop that 200mil being used to keep the club going. The sanctions weren't get out of the champs league, it wasn't you're banned from the champs league till you start turning a profit again, it was a slap on the wrist. The clubs KNEW they would only get a slap on the wrist meaning if a club chooses to put in 200mil, as PSG did, then they can and FFP tells them "oh how naughty, now give us 10mil as a fine and continue breaking the rules as you please".
PSG got 100mil a year inside the ffp rules when Utd, in a league with maybe 6-7 times the average viewership worldwide was getting half that for a shirt sponsor.
You're replying as if both City and PSG were hit so hard they stopped cheating....... they didn't. Likewise that 100mil 'fair market value' tag that uefa put on that insane 200mil PSG deal also greenlighted the way for growth. IF 100mil was 'fair market value' in 2013, then maybe 115mil is fair in 2014, and 130mil in 2015, etc, etc. Hence them trying to 'up' their deal to 175mil this year(and they believe that will get inside the official rules so they can also avoid a slap on the wrist). Can you actively not see how FFP hasn't hurt City or PSG? You can put 2 less people in the CL squad... so, take the two least important players and they get used more than normal in the pre/post CL games in the league.
It was non punishment and they immediately got around the rules. If PSG had to work directly within FFP, even within that ridiculous 100mil fair deal FFP sanctioned, they wouldn't have been able to afford Ibra for 3 seasons, or probably 50% of the new buys they made in the past 4-5 years on big wages.
As for the rest, again, if they money was intended to be taken out of the club.... logic states it would have, because there is not a single viable reason to wait nor wait a decade either. If it wasn't for the spending in the past 5 years, we may have half a billion in that account, that Arsenal allow spending is simply fact, that Arsenal want wage bill to maintain a small profit for the club is also fact.... the line in the sand here is that Wenger chooses to have a huge squad which actively limits how many big wage big name players he can buy because the wage bill leaves no room.
THe problem is this isn't new, it's been happening since really the start with Wenger, he always had a bigger squad and he always limited wages even for the likes of Henry, RVP and others, most of those players left for a combination of being better paid and better success elsewhere. We always had issues with wages BEFORE we had 200mil in the bank because Wenger always gave lesser players too much cash to barely ever appear and always had a huge squad.
Again, if Kroenke intended to bleed the club for the money and profits, why hasn't he? He's the owner, he shows very clearly he doesn't give the slightest damn what people think about him yet he's never made any move to take money out of the club nor limit our spending in any way other than maintaining a small profit which is simply common sense. If Wenger kept a much smaller squad he could use that wage bill on vastly improved players... just less of them. Again this is a choice Wenger makes, he didn't have to keep offering Diaby, Rosicky and every other barely used players new contracts, he chose to. Why on earth is Campbell still owned by Arsenal, Wenger used him for like 4 weeks when everyone else was injured, he was far more effective than Walcott, Ox, etc, yet when they were fit he was out on his arse again and still he's at Arsenal.
In terms of not having money to spend, I didn't see that from anyone with any worth and in fact the only slightly knowledgable sounding sources specifically stated that we won't spend the money in the bank account because our wage bill is too high and we can't afford the wages that come with using up that money.