Arsenal manager Arsene Wenger has the backing of the board and will be supported in the summer transfer market, according to chairman Peter Hill-Wood.

The Gunners impressed for most of the season, but failed to win any trophy, thus ending empty-handed for a third consecutive term, to prompt suggestions that the Frenchman’s job could be in jeopardy.

"He is not very happy we didn't win anything. He takes it very much to heart but he seems to have recovered," Hill-Wood said in The Daily Telegraph.

"I don't feel depressed about it. Overall, it's not been a bad season. Other clubs would have been happy to be in our position.

"I was very happy with the way we played, but we are in the results business and I'm disappointed with the final result, I suppose.

"It's laughable to think he doesn't have the support of the board. We are very happy with him and I think he is with us. He knows where we are coming from.

"Clearly we want to win but can we survive when we don't win year in, year out? Yes, we can.

"We will start next season with the aim of winning something. If we don't, I will not be jumping off Tower Bridge. It's not easy winning the UEFA Champions League and the Premier League."

"We have never denied Arsene Wenger a penny," Hill-Wood continued. "Whenever he has wanted to buy, he has.

"What he is not prepared to do is to buy a big name that everyone will be happy with until they see them play.

"He is a very good judge. He has brought in so many world-class players, some of whom people had not even heard of at the time, and I am sure he will continue that."