Tottenham is in talks with Madrid regarding a potential transfer for Bale, with reports saying the fee would exceed the record 80 million pounds that Madrid paid Manchester United for Cristiano Ronaldo in 2009.
Financial Fair Play aims to stop clubs entering European competitions from repeatedly spending more than they earn.
Wenger says ''it's quite amazing in the year when Financial Fair Play comes in, world football goes completely crazy.
''You wonder what kind of impact and effect it has on the football world. It looks like it has made everybody worse than before. It makes a joke of it.''