Thursday, 19th July, 2012
Arsenal manager Arsene Wenger has admitted that his club cannot match the financial muscle of teams like Manchester City and Chelsea, but insists that the side can still compete for the Premier League title.
The 62-year-old Frenchman believes that Arsenal need not panic in the face of other clubs’ riches and can still be a force to be reckoned with.
Indeed, Wenger also stated that his side will be in the hunt for the title this season come what may, as what the Gunners lack in financial resources, the club make up for it with shrewd and smart signings in the transfer market.
“We simply cannot compete financially with Chelsea and Manchester City and it is for this reason that we prefer smart recruitment”, said the former Monaco manager to Hong Kong Time Out. “I believe we can go for the title even without their financial power”, he added.
Arsenal’s longest-serving manager reiterated his stance that spending money does not always produce the desired results and said that fans should be proud of how Arsenal are run, when asked about the growing concern in the ranks of Arsenal supporters, with regards to the miserly attitude of the club in the transfer market.
"I have been in football for a very long time and spending money is not my priority. Our supporters can be proud of how the club is run”, the Frenchman commented.
The Gunners manager is one of the staunchest supporters of the new financial fair play rules and is looking forward to the UEFA initiative having a positive impact.
The introduction of financial fair play should, in theory, help the Emirates outfit and place the club on level terms with Manchester City and Chelsea when it comes to spending in the transfer market.
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