Arsene Wenger labels Real Madrid's 100 million bid for Gareth Bale as a joke

Wenger believes that the 100 million bid for Bale will make a mockery of financial fair play regulations

Arsene Wenger believes that Real Madrid’s 100 million bid for Gareth Bale is a farce and would make a joke of financial fair play regulations.

According to The Guardian, he was quoted as saying: “It makes a joke of the financial fair play regulations. I find it amazing that in the year the regulations come in, world football has gone completely crazy.

“You wonder what kind of impact and effect financial fair play has on the football world. It looks like it has made everybody worse than before.”

The Gunners boss also explained why the Luis Suarez deal is taking longer than expected to materialise. With Liverpool rejecting both the bids made by Arsenal so far, it remains to be seen if Arsenal attempt a third one.

He said: “We are working very hard to strengthen our squad and I don’t want to speak about Suárez. Because that’s between Liverpool and Arsenal.”

“We will completely respect what Liverpool wants to do and we want to do that, if it’s feasible, in an amicable way. I am a great believer in that you have to keep as much confidentiality as possible, which is quite difficult in the modern world.

“But we work quite hard, not only on the case you name Suarez but on other, different cases.”

He also pointed out that with the exception of Manchester City, no other big clubs have made any notable signings, and there is no need for panic among the fans.

He added: “You look at many teams around us and nothing has happened. Apart from Manchester City, nobody has done anything. We want to bring in something more.”

“At the moment, that doesn’t work as quickly as we would have wished. We have built by hard work, first of all, a team that has quality. The money we now have available is down to the quality of our work down the years.”

Wenger also conceded that he was under tremendous pressure to sign a marquee player this season. He said: “If you say we are under pressure to spend money, then yes, we are. But I feel more under pressure to spend the money in the right way.”

Speaking very higly of his new signing Yaya Sanogo, he added: “Sanogo has not made headlines. Because he is not £50m-£100m but I am quite confident he will make them soon on the pitch and that, for me, is the most important.

“The quality of the player is not only linked to the amount of money it costs. Sanogo will surprise you. He is a top-class striker.”