Ivan Gazidis tells Arsenal fans: 'Arsene Wenger is not scared to spend money'

Despite having money at his disposal, there is no guarantee the Arsenal manager will use it

Arsene Wenger is not scared to spend money on players, however he will not fritter Arsenal's transfer budget away just for the sake of it says Ivan Gazidis.

The club's chief executive was addressing fans at a question and answer session at the Emirates during which he reiterated there are funds available in what he predicts will be a "big summer" for the Gunners.

The current close season is the first in years that the Gunners are not expected to lose one of their best players, with the arrival of top class talent expected. Among those linked with moves to the Emirates have been Wayne Rooney and Gonzalo Higuain.

However, big-name players have been linked with the club before and yet have failed to materialise. At times Wenger has been accused of being too frugal and overly concerned with balancing the books. Yet Gazidis insists Wenger is ready to spend money, at least on the right players.

"It is no secret that we think he (Wenger) has done a fantastic job and we think we can give him the tools he needs," said Gazidis.

"When we are thinking about trusting someone with the type of money we will have, we can think of nobody better than Arsene.

"He is not scared to spend money, but he has to believe he is getting a top-class player.

"The parameters in which he has to operate is to spend what the club can afford and my job is to make that as big as possible and Arsene's job is to think about which talent he wants to spend that on in the best way possible.

"If we only find one player that we like, we won't spend twice as much on him just so we can say we spent all of the money. That doesn't make any sense to me - the key will be to buy the players Arsene Wenger believes in."

After clinching Champions League football on the last day of the season, Arsenal are determined to improve the strength of the squad so that a sustained challenge for the Premier League title can be made.

Last week Gazidis maintained improved commercial deals would see an "escalation in our financial firepower", with an additional £70m understood to have been set aside should Wenger wish to land a marquee signing. Gazidis today stressed that everything is being done behind the scenes to secure whatever additional talent Wenger requires.

"It is a big summer. We have been working very, very hard to gain the kind of financial capability we need as a football club to be at the very top end of the game," he said.

"The ambition that (majority shareholder) Stan Kroenke, Arsene Wenger, the players, our staff and I know all of the fans have is to be competing to win the Premier League and Champions League. If we are at that level, the trophies will come.

"Those long term commercial deals have come up for renewal. You know about the Emirates (stadium and sponsorship) deal, I can't talk about the (new) kit deal yet, but we're confident of a good result there too.

"It is all about giving us the capability to go to the manager and to say 'here is the money for you to compete'. That is why we are in this stadium and that is what we want to do."

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
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

Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home
Lauded therapist Harley Mille still in limbo as battle to stay in Britain drags on

Lauded therapist still in limbo as battle to stay in Britain drags on

Australian Harley Miller is as frustrated by court delays as she is with the idiosyncrasies of immigration law
Lewis Fry Richardson's weather forecasts changed the world. But could his predictions of war do the same?

Lewis Fry Richardson's weather forecasts changed the world...

But could his predictions of war do the same?
Kate Bush asks fans not to take photos at her London gigs: 'I want to have contact with the audience, not iPhones'

'I want to have contact with the audience, not iPhones'

Kate Bush asks fans not to take photos at her London gigs
Under-35s have rated gardening in their top five favourite leisure activities, but why?

Young at hort

Under-35s have rated gardening in their top five favourite leisure activities. But why are so many people are swapping sweaty clubs for leafy shrubs?
Tim Vine, winner of the Funniest Joke of the Fringe award: 'making a quip as funny as possible is an art'

Beyond a joke

Tim Vine, winner of the Funniest Joke of the Fringe award, has nigh-on 200 in his act. So how are they conceived?
The late Peter O'Toole shines in 'Katherine of Alexandria' despite illness

The late Peter O'Toole shines in 'Katherine of Alexandria' despite illness

Sadly though, the Lawrence of Arabia star is not around to lend his own critique
Wicken Fen in Cambridgeshire: The joy of camping in a wetland nature reserve and sleeping under the stars

A wild night out

Wicken Fen in Cambridgeshire offers a rare chance to camp in a wetland nature reserve
Comic Sans for Cancer exhibition: It’s the font that’s openly ridiculed for its jaunty style, but figures of fun have their fans

Comic Sans for Cancer exhibition

It’s the font that’s openly ridiculed for its jaunty style, but figures of fun have their fans
Besiktas vs Arsenal: Five things we learnt from the Champions League first-leg tie

Besiktas vs Arsenal

Five things we learnt from the Champions League first-leg tie
Rory McIlroy a smash hit on the US talk show circuit

Rory McIlroy a smash hit on the US talk show circuit

As the Northern Irishman prepares for the Barclays, he finds time to appear on TV in the States, where he’s now such a global superstar that he needs no introduction
Boy racer Max Verstappen stays relaxed over step up to Formula One

Boy racer Max Verstappen stays relaxed over step up to F1

The 16-year-old will become the sport’s youngest-ever driver when he makes his debut for Toro Rosso next season
Fear brings the enemies of Isis together at last

Fear brings the enemies of Isis together at last

But belated attempts to unite will be to no avail if the Sunni caliphate remains strong in Syria, says Patrick Cockburn