Arsenal 'can't compete' in the transfer market admits chairman Peter Hill-Wood

 

Arsenal chairman Peter Hill-Wood has admitted the club "can't compete"
in the transfer market with their Barclays Premier League top-four
rivals.

But Hill-Wood was confident the Gunners would mount a serious title challenge this season and insisted the board were not worried about Arsene Wenger's failure to win a trophy for seven years.

The Arsenal chairman also said he was "disgusted" by those fans who abused manager Wenger last season as the club once again came up short.

Hill-Wood told the Evening Standard: "Arsene has money to spend but there's a limit. We can't spend £50million on one player.

"At a certain level, we can't compete. I don't think [majority shareholder] Stan Kroenke is going to put the sort of dollars in that [Roman] Abramovich or Sheikh Mansour are putting into Chelsea or Manchester City. That's not the way he thinks clubs should be run.

"Luckily, Arsene understands that. He got an economics degree from Strasbourg University so he's certainly no fool. He knows how a club should be run. That annoys a lot of people but clubs have to be sustainable. We're not going to go bankrupt in the way one or two other well-known clubs have.

"The Glasgow Rangers example is something we've all got to guard against. They spent far more money than they could afford. We're ambitious enough but we're not going to end in the same plight as Rangers. That is a fact of life. So my advice is, don't get miserable about it."

Last season saw Wenger come under more pressure than ever since he took charge 16 years ago, with some fans even heard to chant: "You don't know what you're doing".

Hill-Wood said: "What those fans shouted did not influence me one little bit. I was disgusted to hear them because Arsene's been absolutely outstanding. He is still outstanding."

This summer saw captain Robin van Persie become the latest big name to quit the club because he did not believe their ambitions matched his own.

Hill-Wood said: "We have a pretty good chance of challenging for the Premiership. I don't see why we cannot win it this year."

Arsenal's decline has been traced back by some to the departure of David Dein as vice-chairman.

Hill-Wood dismissed this, as well as any prospect of Dein being invited to return.

He also said he remained opposed to the club's second largest shareholder, Alisher Usmanov, being handed a place on the board.

Meanwhile, full-back Carl Jenkinson has claimed Sunday's win at Liverpool proved Arsenal do "mean business" this season.

The Gunners drew their opening two league games 0-0 but got three points on the board at Anfield, as well as keeping another clean sheet.

Jenkinson told their official website, http://www.arsenal.com: "After the two results we had, they weren't ideal and like I said before the game, if we win at Anfield, it would be a big statement of intent.

"We've gone and done that and shown we mean business.

"Maybe people were questioning us after the first two games, but we knew in ourselves that the goals would come and we've come to Anfield, which is no easy place to pick up three points, and we've won 2-0."

Arsenal's new-found defensive resilience has been credited to former defender Steve Bould, who was promoted to assistant manager during the summer.

Jenkinson said: "Steve has come in and he's been there and done it.

"He's always there giving us advice and tips, and we've had a long pre-season to work together and get our shape right.

"A lot of credit goes to the midfield, too.

"You need that shield in front of the back four and I think we're doing that fantastically at the moment and it's showing in our results."

PA

Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Russell Brand's interview with Ed Miliband has got everyone talking about The Trews

Everyone is talking about The Trews

Russell Brand's 'true news' videos attract millions of viewers. But today's 'Milibrand' interview introduced his resolutely amateurish style to a whole new crowd
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before
'Queer saint' Peter Watson left his mark on British culture by bankrolling artworld giants

'Queer saint' who bankrolled artworld giants

British culture owes a huge debt to Peter Watson, says Michael Prodger
Pushkin Prizes: Unusual exchange programme aims to bring countries together through culture

Pushkin Prizes brings countries together

Ten Scottish schoolchildren and their Russian peers attended a creative writing workshop in the Highlands this week
14 best kids' hoodies

14 best kids' hoodies

Don't get caught out by that wind on the beach. Zip them up in a lightweight top to see them through summer to autumn
Robert Fisk in Abu Dhabi: The acceptable face of the Emirates

The acceptable face of the Emirates

Has Abu Dhabi found a way to blend petrodollars with principles, asks Robert Fisk