Ahead of latest financial results, manager Arsene Wenger says Arsenal will spend money 'in the right way'
Thursday 27 September 2012
Arsene Wenger maintains Arsenal are not scared to spend money - but will always do it “in the right way”.
The Gunners' parent holding company are set to post their latest set of financial results this afternoon, which are understood to again show a healthy operating profit and considerable cash reserves.
Those will be further boosted by the £24million sale of former captain Robin van Persie to Manchester United, although also offset against the summer signings of Lukas Podolski, Santi Cazorla and Olivier Giroud, who scored his first Arsenal goal in Wednesday night's Capital One Cup win over Coventry.
Wenger believes the continued positive financial situation at the Emirates Stadium is "very pleasing", but does represent a delicate balancing act between stability off the pitch and consistency on it.
"We want to spend our money in the right way. We are not scared to spend the money," said Wenger.
"With some clubs we can't compete on certain players - and for the rest, we only want to bring in players who add something to our squad and give a chance as well to the young players we have.
"We have good players, because to buy one more, we have to get one out."
Arsenal's latest set of results are up to the end of May, and will be posted in full around 3pm this afternoon.
"Our numbers are good," said Wenger.
"Under the actual circumstances this is quite positive because the whole (global) environment is not positive.
"We are very lucky because we have a good support and the income of our gates is very high.
"We have to maintain that by keeping our fans happy and to continue to manage well in the way that we do it."
Latest in Sport
Chelsea players allowed 20 minutes to celebrate, says Jose Mourinho after Capital One Cup victory
Diego Costa keeps coin thrown at him during Capital One Cup final
Liverpool vs Manchester City match report: Stunners from Philippe Coutinho and Jordan Henderson sink Manuel Pellegrini's side
Arsenal 2 Everton 0 player ratings: Who scored highest at the Emirates?
Ireland 19 England 9 player ratings: Jonathan Sexton? Devin Toner? Alex Goode? Who was the star man in Dublin?
- 1 End of the licence fee: BBC to back radical overhaul of how it is funded
- 2 Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face death penalty
- 3 PornHub turns masturbation into energy in bid to save the planet
- 4 Dakota Johnson's 'It's only Isis' Saturday Night Live sketch sparks controversy
New theory could prove how life began and disprove God
This is what it's like to be dead, according to a guy who died for a bit
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Russia's roadmap for annexing eastern Ukraine 'leaked from Vladimir Putin's office'