By Chris Harris

Arsène Wenger believes UEFA’s new financial rules will give Arsenal a “massive advantage” when they are imposed from 2012.

Back in May, European football’s governing body approved plans to force clubs in European competition to spend only what they earn.

Specifically, the financial fair play rules will require clubs to break even over a rolling three-year period if they want to compete in the Champions League or Europa League.

In recent years Chelsea and Manchester City, among others, have operated on a different financial level thanks to huge cash injections from their rich owners. In contrast, Arsenal have pursued a model of self-sustainability.

But that financial chasm will have to close from 2012 and Wenger insists that his club would be major beneficiaries of the new rules.

“It will be a massive advantage to Arsenal Football Club as soon as it’s applied if it’s well introduced,” he said.

“I don’t want to go into excuses but you want a business to be run properly and I believe that to lose £150 million a year you don’t deserve a lot of credit to win a competition.

“[Meanwhile] we have balanced our books.

“Maybe some people think it’s right because they don’t care but if they had to run a business I don’t think it’s right.”

Copyright 2014 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source 12 Sep 2010