The Independent's journalism is supported by our readers. When you purchase through links on our site, we may earn commission.
Peter Hill-Wood: Arsenal can't compete in transfer market
Peter Hill-Wood, the Arsenal chairman, has admitted the club "can't compete" in the transfer market with their Premier League top-four rivals. But Hill-Wood was confident the club would mount a serious title challenge and insisted the board was not worried about manager Arsène Wenger's failure to win a trophy for seven years.
Hill-Wood said: "Arsène has money to spend but there's a limit. We can't spend £50m on one player. At a certain level, we can't compete. Luckily, Arsène understands that. He's got an economics degree from Strasbourg University, so he's no fool. He knows how a club should run."
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies