By Declan Taylor

Chairman Peter Hill-Wood insists that spending money on Arsenal's squad is the Board’s 'top priority'.

The huge sums spent on redevelopments at Highbury Square and Queensland Road had led some to suggest that the Directors were more interested in property than players. Mr Hill-Wood did not agree.

Speaking at Thursday’s AGM, the Chairman was adamant that expenditure on players, both in salaries and transfer fees, was of the utmost importance.

“I promise you that expenditure on players is our top priority,” said Mr. Hill-Wood. “As a board we look at the total cost of players, not just transfers, but transfers and salaries put together as one total. We spent over £100m on that last year and we will continue to do that this year, probably more.

“Bringing in players is really down to Arsène Wenger, who has been an extremely good judge of who, when and how much we should pay for players. He is always looking to strengthen the squad but he has got a very good one here already."

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 24 Oct 2008