Doubts have been raised over the north Londoners’ top-four credentials after a miserable start to the season has left them with just seven points from seven games, and in 15th place in the Premier League table.
But Gazidis insists Arsenal, who received Â£26.3m from Uefa for their Champions League participation last term, are not reliant on the significant cash boost that comes as a result of playing in Europe’s elite club competition.
“We would rather qualify for it but we have a really sustainable model that can cope without it. Not just cope, but we can do well and compete,â€ Gazidis said at the Leaders in Football conference at Stamford Bridge on Thursday.
â€œIt would be very foolish to build a business model that relied on being in the Champions League for perpetuity and I donâ€™t think any clubs do that and, if they do, then they probably arenâ€™t being run as responsibly as they should be.â€
Gazidis feels that Arsenal’s long-term future is secure, unlike other clubs who have been spending beyond their means.
He continued: â€œEvery club has the temptation to think that money is the answer to issues and â€˜if we only spend just a little bit more, it would push us over the top of a curveâ€™ and that is what drives the cycle of spending that you see in the game and that is not by any means always what is successful, actually.
â€œIt is tempting to think that it is. It relieves pressure for a while but actually builds long-term pressure in other ways.
“We will continue to act with discipline to make sure we have got a good short-term and long-term future.â€
1) Manchester United: â‚¬53,197,000 (Â£46.7m)
2) Barcelona: â‚¬51,025,000 (Â£44.8m)
3) Chelsea: â‚¬44,523,000 (Â£39.1m)
4) Schalke: â‚¬39,750,000 (Â£34.9m)
5) Real Madrid: â‚¬39,288,000 (Â£34.5m)
6) Internazionale: â‚¬37,982,000 (Â£33.4m)
7) Bayern Munich: â‚¬32,562,000 (Â£28.5m)
8) Tottenham Hotspur: â‚¬31,133,000 (Â£27.3m)
9) AS Roma: â‚¬30,087,000 (Â£26.4m)
10) Arsenal: â‚¬29,983,000 (Â£26.3m)
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