Arsenal Supporters Trust fear manager Arsene Wenger may have only around £55 million to try to rebuild the squad this summer - even less should the Gunners fail to qualify for the Champions League.

Wenger has seen his position come under severe scrutiny this season more than ever following an appalling start which left them out of the title race before the turn of the year and now in a real scrap to secure a top-four finish.

Arsenal's parent holding company, of which American sports magnate Stan Kroenke is now majority shareholder, are set to release interim figures for the past six months.

The last set of financial results published for the year ended May 31, 2011 revealed a significant reserve of `cash and short-term deposits' at some £160m, which chief executive Ivan Gazidis stressed at the time was "working capital" going forwards, with funds always available to the manager should he wish to use them.

An AST statement read: "The AST recognises that the £50m cash surplus and £35m future property money does provide a safety net for Champions League non-qualification, but there are UEFA Financial Fair Play and club strategy issues that concern our members.

"The AST still seeks a fuller explanation from the new owner as to his vision for the club. Greater engagement by Stan Kroenke (as he committed to in the Takeover prospectus) would help to address this."

PA Sport