The Gunners have not lifted a major trophy since 2005 but have a great chance of ending their wait for silverware after reaching this year’s FA Cup final.
They haven’t had the spending power to sustain what they had before
And West Ham boss Allardyce, whose side travel to Emirates Stadium on Tuesday night, feels that the financial restrictions following the club’s move from Highbury has affected their success on the pitch.
“I still go back to the fact that Arsenal’s building of The Emirates is one of the main reasons why they have not won another trophy or won the league since,” said Allardyce.
“They haven’t had the spending power to sustain what they had before. They used all the money to build the stadium which limited their spending.
“So I’d say that was the start of what they haven’t been able to recover from.
“I would say looking at them that it’s a spending problem. Can you spend £120-£150m in one year? Because that’s what happened at Manchester City and that’s what happened at Chelsea.
“£100m-plus in one year. Is that within the capabilities of Arsenal’s spending power at the moment?
“I would say probably not because they are in a position where they run that club in that particular way.
“They obviously give Arsene as much as they can but I don’t think they can give as much as a Manchester City or probably a Chelsea can do.”
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