Arsenal chief warns transfer spending will not increase
Ivan Gazidis, chief executive of Arsenal, has defended the club's transfer policy, insisting that extravagant transfer spending should remain a last resort.
The club, which has not won a major trophy since 2005, has been criticised by some of its fans for failing to match the spending of its rivals at the top of the Premier League. however, it has maintained its place as one of the league's top four clubs, and the Champions League qualification that comes with that place.
"We believe transfer spending is the last resort," said Gazidis yesterday. "That's a sensible view to have. Re-signing existing players is a far more efficient system. What Arsene will not do is spend money on players that do not add something of real value."
Arsenal's position is one that has found favour at the top of the sport, with Uefa and Fifa both keen to stop clubs spending beyond their means.blog comments powered by Disqus
Big federal funding boost for Australian sport - 12 May 2010
Arsenal deal could be a winner for fans and community - 04 October 2012
Arsenal power battle complicated as Sir Chips Keswick buys more shares - 23 December 2009
Related blog posts
Manchester City buck the trend in quest to challenge at the top - 02 September 2009, Notes & Insights
Arsenal confirmed as lowest-spending member of Europe’s elite - 23 November 2009, Notes & Insights
Manchester United: Ronaldo fee starts to disappear - 01 July 2009, Notes & Insights