Arsenal chief insists Gunners can continue to spend big on transfers

Arsenal chief executive Ivan Gazidis says that the north London club now have the financial power to spend big on transfers

Martin Caparrotta
By Martin Caparrotta
ivan gazidis
Arsenal CEO Ivan Gazidis (right) Photo: Puma/Arsenal

Ivan Gazidis has told Arsenal fans that the club’s financial stability means that they can expect further big-name signings at Emirates Stadium.

The north London side broke their transfer record last year with the £42.5m signing of Mesut Ozil from Real Madrid and continued to spend big this summer by snapping up the likes of Alexis Sanchez and Danny Welbeck.

Arsenal were forced to restrict their spending in the transfer market in the years immediately following their move from Highbury to Emirates Stadium.

But chief executive Gazidis has declared that the Gunners are now able to compete financially with Europe’s top clubs.

“We want this football club to be at the top of the world’s game,” Gazidis told Arsenal’s website.

“The reason we talk about a healthy business is because that’s what we need behind it. It’s easy to talk about ambition, anyone can use flowery words about what they want to be, but you’ve got to actually deliver. That’s what is so important and that’s why the stadium move was so important.

“That’s why the last five years of unlocking our international and our commercial revenues is so important for the club.

“It allows us to go out and, if the manager believes in someone like Mesut Ozil, he can buy him. It’s the same with Alexis Sanchez.”

He continued: “Underneath that tip of the iceberg, those star signings that we talk a lot about, there’s an awful lot else going on.

“We’re signing some fantastic young talent and we’re keeping our players now, unlike the situation two or three years ago when we were really financially challenged and were losing our top players, we’re signing our top players to long-term contracts.

“Guys like Jack Wilshere and Aaron Ramsey, I could go on. Underneath that you have all of this other stuff this football club is about.”

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