Ivan Gazidis insists that Arsenal have “sufficient funds to invest” in new players this summer.
Arsène Wenger’s transfer-market manoeuvrings have helped the Club balance its books in recent years but the Frenchman is expected to bolster his squad before the 2010/11 campaign. Indeed, Wenger revealed recently that he will announce a new signing before the World Cup starts on June 11.
Gazidis praised the manager’s responsible approach to transfers when he spoke to the Official Matchday Programme but he says that the Club’s secure financial position will give Wenger the freedom to spend this year.
“We’re now coming to a period, with Highbury Square coming to its completion and some of our other property developments bearing fruit, where the financial health of the Club is secure,” explained the Chief Executive.
“That does not mean we have unlimited resources, but it does mean we have sufficient funds to invest. As always we’ll only do this on our timescale, on the basis of our manager’s assessments and not those of the media.
“We have the youngest squad in the Premier League and we need to translate that potential into results. To the extent that the manager thinks it’s necessary, we will use our resources to supplement the squad intelligently so that we can take that vital step forward.
“For the most part we’re now in the healthy position that almost all of our young players are under long-term contracts and their futures are secure, as well as their possible transfer values being protected. One or two players are coming to the end of their contracts - William Gallas, for example.
“Whatever happens, Arsène has identified the fact that the defence has been an issue for us this year, so it’s not difficult to imagine that that’s an area we’re focused on in this transfer window.”
This interview first appeared in the Official Matchday Programme. You can subscribe to the Matchday Programme by calling 08700 20 20 20.Copyright 2013 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 10 May 2010