Misread - thought you were talking about Berlusconi being completely dishonest.
I'm not sure why we shouldn't believe it. He says they're looking for a LM, which Fabregas isn't and why say he's too expensive if he then goes and bids for him? He may well bid, but Arsenal will say they want 50M, which he doesn't seem capable of coughing up. And he can't expect Fabregas to push it through at a cut-down price. Cesc wants to go to Barcelona if anything.
They are looking for LCM not LM. BUT I dont believe he's the one they are after.