Ivan Gazidis defends Arsenal's recruitment policy

 

Arsenal chief executive Ivan Gazidis admits his club will never be able to compete with the likes of Chelsea and Manchester City in the transfer market but believes Arsene Wenger's focus on developing young players is the correct way to run a football club.

The Gunners are enduring arguably their worst season under Wenger since he took over as manager 16 years ago. They are fifth in the Barclays Premier League and look set to miss out on Champions League football next term unless their form improves in the rest of the season.

Wenger infuriated sections of the Arsenal support by refusing to bring in a marquee signing last summer despite selling Samir Nasri and Cesc Fabregas for a combined fee of over £50million and the Gunners boss has had a quiet January transfer window so far ahead of tonight's 11pm deadline.

City and Chelsea seem ready to spend the vast amounts of money provided by their respective billionaire owners at the drop of a hat, but Gazidis is not a fan of how they conduct their financial affairs.

"It (our model) does mean we can't afford to compete with oil money, and we can't afford to compete with super-wealthy individuals from Russia," he told Fox.

"But I think the more important thing about our model is that it's sustainable.

"If we've learned anything from the world's economic crisis, it has to be that football clubs need to have responsibility - not just for today, but for their own futures.

"And our business model means that we can continue to do what we're doing forever.

"Our focus is always on young players, we've got a fantastic development system and still there are young players coming through consistently from our youth ranks and that'll continue to be the way Arsenal do things.

"We play football in a certain way, a little bit different to everyone else and we develop our team (in a way) that's a little bit different to everybody else.

"Yes, we can't afford to spend £50-70million on an individual player. But, we're proud of the way we do things, and we're proud of the results that we're able to produce from that.

"Of course there's anxiety when clubs are spending the kind of money they're spending. We don't believe that's sustainable for the long term. We think that has to come to an end. UEFA agrees with us and is bringing limits on spending in (the Financial Fair Play initiative), and we'll continue to do things the way we do them."

Gazidis points to the success of teenage winger Alex Oxlade-Chamberlain as a case in point of how he thinks transfer matters should be concluded.

Arsenal signed the 18-year-old from Southampton this summer and he has gone on to impress to such an extent that he is rumoured to have an outside chance of representing England at Euro 2012.

"Arsene spends money with a view not just to the short term, but also to the long term," Gazidis added.

"People don't think about Oxlade-Chamberlain, but we spent a lot of money on Oxlade-Chamberlain. We believe that this is a young player who is an exciting prospect, and there are a lot of clubs in the Premier League that would love to have him, believe me."

Wenger came under fire from sections of the Arsenal support for substituting Oxlade-Chamberlain during the club's defeat to bitter rivals Manchester United two weeks ago.

Gazidis appeared to give his backing to the Frenchman, however, saying: "We're proud of the model we have and we're happy we've got one of the greatest managers that the world has ever seen at the helm of that.

"Nobody has a job for life," he added.

"And of course our objective is always to win trophies. We're in three competitions this year. Manchester City would love to be in three competitions. They're not."

PA

Have you tried new the Independent Digital Edition apps?
Arts and Entertainment
The teaser trailer has provoked more questions than answers
filmBut what is Bond's 'secret' that Moneypenny is talking about?
Sport
footballDoes Hodgson's England team have an identity yet?
News
news
Sport
Lewis Hamilton secured his second straight pole of the season
f1Vettel beats Rosberg into third after thunderstorm delays qualifying
Travel
travel Dreamland Margate, Britain’s oldest amusement park, is set to reopen
News
Founders James Brown and Tim Southwell with a mock-up of the first ever ‘Loaded’ magazine in 1994
media
News
Threlfall says: 'I am a guardian of the reality keys. I think I drive directors nuts'
people
Voices
voices The group has just unveiled a billion dollar plan to help nurse the British countryside back to health
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

The saffron censorship that governs India: Why national pride and religious sentiment trump freedom of expression

The saffron censorship that governs India

Zareer Masani reveals why national pride and religious sentiment trump freedom of expression
Prince Charles' 'black spider' letters to be published 'within weeks'

Prince Charles' 'black spider' letters to be published 'within weeks'

Supreme Court rules Dominic Grieve's ministerial veto was invalid
Distressed Zayn Malik fans are cutting themselves - how did fandom get so dark?

How did fandom get so dark?

Grief over Zayn Malik's exit from One Direction seemed amusing until stories of mass 'cutting' emerged. Experts tell Gillian Orr the distress is real, and the girls need support
The galaxy collisions that shed light on unseen parallel Universe

The cosmic collisions that have shed light on unseen parallel Universe

Dark matter study gives scientists insight into mystery of space
The Swedes are adding a gender-neutral pronoun to their dictionary

Swedes introduce gender-neutral pronoun

Why, asks Simon Usborne, must English still struggle awkwardly with the likes of 's/he' and 'they'?
Disney's mega money-making formula: 'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan

Disney's mega money-making formula

'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan
Lobster has gone mainstream with supermarket bargains for £10 or less - but is it any good?

Lobster has gone mainstream

Anthea Gerrie, raised on meaty specimens from the waters around Maine, reveals how to cook up an affordable feast
Easter 2015: 14 best decorations

14 best Easter decorations

Get into the Easter spirit with our pick of accessories, ornaments and tableware
Paul Scholes column: Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season

Paul Scholes column

Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season
Inside the Kansas greenhouses where Monsanto is 'playing God' with the future of the planet

The future of GM

The greenhouses where Monsanto 'plays God' with the future of the planet
Britain's mild winters could be numbered: why global warming is leaving UK chillier

Britain's mild winters could be numbered

Gulf Stream is slowing down faster than ever, scientists say
Government gives £250,000 to Independent appeal

Government gives £250,000 to Independent appeal

Donation brings total raised by Homeless Veterans campaign to at least £1.25m
Oh dear, the most borrowed book at Bank of England library doesn't inspire confidence

The most borrowed book at Bank of England library? Oh dear

The book's fifth edition is used for Edexcel exams
Cowslips vs honeysuckle: The hunt for the UK’s favourite wildflower

Cowslips vs honeysuckle

It's the hunt for UK’s favourite wildflower
Child abuse scandal: Did a botched blackmail attempt by South African intelligence help Cyril Smith escape justice?

Did a botched blackmail attempt help Cyril Smith escape justice?

A fresh twist reveals the Liberal MP was targeted by the notorious South African intelligence agency Boss