Josh Kroenke told how Arsenal must combat £150m Tottenham cash injection for Antonio Conte

Josh Kroenke must react to the major development concerning Tottenham after they announced that they are set for a cash injection in the summer. The boost in funds for Spurs could certainly threaten Arsenal's chances of catching their local rivals next season.

The Gunners already lost out on a top-four place to their north London rivals during the 2021/2022 campaign. Falling behind Spurs in the transfer market could give Mikel Arteta’s side an uphill battle to reach a Champions League qualification spot for next season.

It is crucial that Kroenke reacts to this news by giving Edu the necessary funds, however eye-watering they could become, to be able to strengthen this summer ahead of the new campaign. Arsenal will need the necessary investment, not only to return to Europe’s elite competition but just to survive in the racing pack with extra Europa League fixtures.

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Tottenham released a statement on Tuesday afternoon stating that they have agreed a capital increase of up to £150m from the majority shareholder, ENIC Sports Inc (“ENIC”), via the issue of convertible A Shares and accompanying warrants.

Their statement goes on to claim that the cash injection will provide the club with further financial flexibility and the ability to invest on and off the pitch. This means that Tottenham will have more funds available in the transfer market. Antonio Conte will be licking his lips.

Last summer the foundations of Edu’s summer recruitment strategy were largely successful as the Gunners built the basis of a good young core to work with. However, the team now needs quality players around these youngsters to elevate their