By Chris Harris
Arsenal’s self-sustainable business model means they won’t fall into the same financial trap as Liverpool, according to Arsène Wenger.
New England Sports Ventures are set to complete their takeover of the Merseyside club after co-owners Tom Hicks and George Gillett accepted defeat in their bid to prevent a sale. But Liverpool have been embroiled in financial problems stemming from the leveraged buy-out of the club by Hicks and Gillett in 2007.
Unlike many of their rivals Arsenal do not rely on benefactor owners. Wenger believes that will help them steer clear of similar trouble.
“Liverpool’s problems show that somewhere the way we manage our club is rewarded, just in the fact we are not involved in this kind of thing,” he said.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 15 Oct 2010