Indeed when asked how long it may take before a club spends £150 million or £200 million on a player, the Arsenal manager said: “Not long. I have said that since I have been in the game at some point it has to stop, but as long as football continues to develop and become more popular more money will come in.

“What is interesting to see is that today, you have a local business and you just want to survive or you have a world business and the money comes in, whether it is Google, Facebook, football or any other sport, they are worldwide so you can’t set any limitations in the income.

“If football continues to be popular it may become much higher in the future.” The new spending power of Premier League clubs has led to what many believe will be the most open title race for years this season.