By Joe Brewin

Arsène Wenger admits he is baffled whenever Arsenal are criticised from a financial perspective.

The Frenchman attended Thursday’s Annual General Meeting at Emirates Stadium alongside Chief Executive Ivan Gazidis, majority shareholder Stan Kroenke and Chairman Peter Hill-Wood.

Wenger sympathises with Arsenal fans who feel frustrated about their team’s start to the season on the pitch but he says there is no doubt about the Club’s strength off it.

“At the end of the day, when we look well at the situation, we are in a strong position,” said Wenger.

“If you look at the quality of the players we have, and also financially - we are one of the few clubs in England who balance the accounts.

“Rather than being praised for that we are slaughtered for it. In a world that is bankrupt, it is quite amazing, so I think the situation is not as negative as the impression our fans could have."

Wenger moved to quell shareholder concerns at the AGM and hopes that most fans are positive about Arsenal’s future.

“I hope that they [the fans] were less worried and convinced about the situation,” he said.

“Of course I spoke to the fans afterwards. They want to do well, to be happy, to win football games, and that is what we want as well.

“You had 400 people in there - one or two [angry] voices percentage-wise is nothing. I didn’t feel anger or disagreement with the Board.

“I felt more fear and concern that we have dropped off the top teams in England, which you can understand with the start we had.”

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 28 Oct 2011