Twitter melts down as news comes out that Arsenal have no money

Arsenal have forever been ridiculed for having huge piles of cash rotting in the bank as the club struggled to compete against their rivals for domestic as well as European honours.

This summer started with promise as the Gunners completed early deals for Sead Kolasinac on a free from Schalke, before signing Alexandre Lacazette from Lyon for a club record fee.

However, ever since, the North London outfit have been pursuing Thomas Lemar and Kylian Mbappe but have failed in their attempts to land either of the Monaco duo.

Arsene Wenger's side have just confirmed the departure of Alex Oxlade-Chamberlain to Liverpool for the club record fee and according to reliable BBC journalist David Ornstein, the North London outfit do not have 'money' to sign any top players.

Surprising, considering that the Gunners were actively pursuing deals for Lemar and Mbappe. The news has sent twitter into a frenzy and here are the best tweets:

From here...

Ornstein, June 1st:"Everyone I speak to at Arsenal suggests it's going to be a summer of heavy investment of upwards of £150m."

— Arsène's Son (@hughwizzy) August 30, 2017

To here...

Arsenal have no plans to replace AOC & no money for major signings, but only way Sanchez leaves is if #AFC get massive money & replacement

— David Ornstein (@bbcsport_david) August 30, 2017

The reaction...

Remarkablehttps://t.co/q63SgvKIiW

— Miguel Delaney (@MiguelDelaney) August 30, 2017

It appears all those years of careful money management have left #Arsenal with... NOTHING TO SPEND! ?

— Dan Walker (@mrdanwalker) August 30, 2017

Arsenal moved stadiums to challenge Europe's best & charged fans expensive tickets with the promise of jam tomorrow. Now there's no bread??

— Mark Pougatch (@markpougatch) August 30, 2017

Arsenal Football Club being scared of being punished by rules designed to stop overspending. We've done it. We've hit peak Arsenal.

— Andrew Allen (@AAllenSport) August 30, 2017

Yeah but remember last year when your paper published a report by 'experts' saying Arsenal had £4m to spend? ???? https://t.co/LP5fdM5IrA

— phil . i . am (@AngryOfN5) August 30, 2017

Whatever the truth about our financial situation one thing's for sure: Arsenal is being run by a gaggle of self-serving complacent tossers

— boydhilton (@boydhilton) August 30, 2017

Arsene Wenger, working the phones furiously on deadline day, informing players he won't bid on them. https://t.co/rZfXSYxXF7

— Michael Caley (@MC_of_A) August 30, 2017

Just sell everyone and turn Emirates officialy into shopping centre

— Karenina (@Goonerette_7) August 29, 2017

Arsenal now £27m in profit for the window so far #nomoney #phoneisredhot pic.twitter.com/VKYxQCuM8k

— arseblog (@arseblog) August 31, 2017

Arsenal reportedly have no money for major signings. Meanwhile... pic.twitter.com/0r0Sw3rDxz

— B/R Football (@brfootball) August 31, 2017

Arsenal want to sign Julian Draxler from PSG. The only stumbling block is that he doesn't want to join them.

— Coral (@Coral) August 31, 2017

If Arsenal still have no money after making a profit on transfers, the money to renew Özil, Alexis & Ox's contracts was surely never there?

— Tim Stillman (@Stillberto) August 30, 2017

Arsenal: We just made nearly £50m in player sales in one dayAlso Arsenal: We have no money to sign players haha sorry

— Paddy (@VieiraPaddy) August 30, 2017

Arsenal did their yearly summer brief about "£200m warchest" + in profit for the window. Now "no money" for signings. Taking fans for mugs.

— Alex Shaw (@AlexShawESPN) August 30, 2017

LOL!

TOTTENHAM are building a stadium and have money for transfers. Arsenal are in profit this window... apparently no money?

— Shiny Suit Champion. (@LeonardIhenacho) August 31, 2017

Is it?

Some very respected reporters with Arsenal connections on - claiming Kroenke syphoning transfer budget money for his own personal gain.

— Ben Fairthorne (@BFairthorne) August 30, 2017

Arsenal fans, you have to feel for them... Or do you?

Dear rival fans,Please do not Banter us, we're already going through enough. Don't worsen the situation. Regards- every Arsenal fan.

— Danny Welbeck (@WelBeast) August 30, 2017

Other clubs fans aren't even laughing at Arsenal anymore. They actually feel sorry for us, it's that deep.

— Connor Humm (@TikiTakaConnor) August 30, 2017

Ouch!

Arsenal are the first club in history, where the manager loses the dressing room and we get rid of the dressing room rather the manager ?

— Jason (@sudzy88) August 29, 2017

What is going on?

Arsenal have plenty of money: cash reserves of > £150m & profits of >£25m this year. Games being played by club https://t.co/gesK3bChWh

— AST (@AST_arsenal) August 30, 2017