Arsenal have today announced record profit levels of £56million, an announcement that only further fuels the claim that the Premier League really is recession proof. But will these impressive financial figures finally see Arsene Wenger tempted in to splashing the cash?

The probable answer is no. Wenger has always avoided big money deals in favour of the cheaper long term deals. It has been stated in the past that there was money there for the Frenchmen to spend, and yet there have been no big name signings.

Instead Wenger put his faith in his young starlets, and their midweek performance at Tottenham in the Carling Cup shows that the Gunners are producing some of the finest prospects in World football.

But the problem with this is that it is a very long term approach to success. Football is a very short term world and while it does make a refreshing change to see a manager take a more logical long term approach to success, you have to question whether it is really the right policy to deliver a trophy.

The last time the Gunners tasted success was in 2005, and other than a couple of flings with the Carling Cup, in truth they have never really looked like going on to end their barren spell. However every year we say that Arsenal are getting better and the promise they have shown during the opening few games of this campaign suggests this could be the year that their luck changes.

But I can’t help but think that if Arsenal do have another trophyless season than it might just be time for Wenger to splash the cash, especially when you consider the probable departure of Cesc Fabregas.

 Yes there is nothing wrong with giving your players a chance, and there is no reason why this can’t continue, but I can’t understand why Wenger is so opposed to bringing in a big name signing. Sometimes all it takes to take a side to the next level is a top signing, if you have the funds to bring somebody in, why not use them?

What do you think? Should Arsene Wenger finally start to splash the cash or are his young guns good enough to bring success to the Emirates Stadium?