The Arsenal board will demonstrate its continued faith in the embattled manager, Arsène Wenger, by providing him with a £50 million war chest for the January transfer window despite Ivan Gazidis, the club’s chief execuitve, telling fans last night that the side’s present travails are “not good enough”.

Speaking at a supporters’ drinks reception, Gazidis apologised for the humiliating Capital One Cup defeat at fourth-tier Bradford City and insisted that everyone at the club was doing “their best to get it right”.

Wenger’s position is under intense scrutiny after that defeat — which deprived him of his best chance of ending the club’s seven-year wait for a trophy — amid suggestions of tension with a number of players in the dressing room after the cup