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Arsenal List Kanu for Transfer

Super Eagles and Arsenal striker Nwankwo Kanu may be on his way out his London club following the decision of the club's management to trade six playerss as a result of the fall-out from the crisis at broadcaster ITV Digital hits the elite of the English game.

Among the six players listed transfer were Tony Adams, Lee Dixon, Tony Adams, Nwankwo Kanu and Sylvain Wiltord .

Kanu had before now been linked to having talk with Juventus and Real Madrid, but with this new development, the lanky player may adorn a new shirt next season depending on which club accedes to Arsenal's demand.

Arsenal chairman Peter Hill-Wood said the crisis has become a period of retrenchment for football stressing that Premiership players should not expect pay rises.

"I don't know how the clubs can go on paying what they are paying. Arsenal are spending more on wages than ever before but we're not bust. We pay our players far too much and that has got to end.

This season, there are going to be no pay rises. Clubs have been over-extending themselves, every club is facing serious financial pressure," the Arsenal boss stated.

"We might let half a dozen players go at the end of this season. One or two players, like Lee Dixon, who is 38, and Tony Adams, may not have much longer to go. This is a period of retrenchment for football. It has got to be. We've got to the limit of our spending. A lot of big clubs are struggling."

Hill-Wood did not name other players who could leave, but said top dozen players are going to get more, but the rest of them will not.

Arsenal spent heavily in the close-season, splashing out more than 20 million on goalkeeper Richard Wright, midfielder Giovanni van Bronckhorst and striker Francis Jeffers.

Sol Campbell also arrived on a free transfer from Tottenham Hotspur, but his weekly wages are around 80,000 a week and the England defender also pocketed a huge signing-on fee.

Arsenal financial burden was recently expanded with the cost of moving to a new ground, with the latest estimate running at 400 million for the development of Ashburton Grove, due to be completed for the start of the 2004-05 season.