Arsenal chief executive Ivan Gazidis says the club can’t spend as much as its big-money rivals in the transfer market, according to Sky Sports.
“We can’t afford to outgun competitors that have far more money,” he said. “We have to be very careful, very selective.”
Arsenal has been criticized for not spending aggressively enough in the transfer market. During the current transfer window, the club has purchased midfielder Granit Xhaka, forward Tasumo Asano and defender Rob Holding, but the Gunners have failed to bring in a true No. 1 striker.
Arsenal’s £29.3 million offer for Lyon striker Alexander Lacazette was reportedly rejected by the French side, while Napoli sold Gonzalo Higuain—also rumored to be on Arsene Wenger’s wish list—to Juventus.
While this summer has seen Premier League rivals like Manchester United and Manchester City spend big, Gazidis defended Arsenal’s more cautious approach.
“We would not be successful if we simply went out into the transfer market and tried to outgun our competitors,” Gazidis said. “We’re run in a self-sustaining way, and a way that we believe in, because we believe it gives us certainty for the future and enables us to plan our future with confidence.
“That means we can’t afford to make huge mistakes in the transfer market. We can’t afford to outgun competitors that have far more money to splurge on transfer fees than we do. So we have to be very careful, very selective about how we do things.”
Since 2013, Arsenal has spent £113.23 million combined in transfer fees just on midfielder Mesut Ozil, forward Alexis Sanchez and Granit Xhaka, according to transfermarkt.
Arsenal faces Major League Soccer’s All–Star team in an exhibition on Thursday night in San Jose, Calif.
- Stanley Kay