Arsenal 'have cash to spend'

Arsenal chairman Peter Hill-Wood insists the club are in a position to compete with their big-spending Premier League rivals in the transfer market.

Last Updated: 26/02/13 at 13:04 Post Comment

Peter Hill-Wood: Says Arsenal have cash to spend on transfer targets

Peter Hill-Wood: Says Arsenal have cash to spend on transfer targets

On Monday the Gunners announced half-yearly profits of £17.8million to the end of November last year and cash reserves of £123.3m.

Those figures have prompted Arsenal fans to demand more money be spent on the team, having lost key figures such as Robin van Persie and Cesc Fabregas in recent transfer windows.

Manager Arsene Wenger said last week the club could afford to buy Atletico Madrid ace Falcao, thought to have a price tag of £40million, should they choose to go after the striker.

Chairman Hill-Wood has backed his claims by insisting Arsenal have the funds to compete for their top targets, telling the Daily Star: "We are in a position where we can compete with most people.

"If there is someone we really want, then the price guide is secondary."

Hill-Wood also defended Arsenal's position amid criticism over their trophy drought, which could stretch to eight seasons this year.

The chairman added: "I understand that they want us to win everything, but so do I. But we are in a damned sight better position than a lot of people."

Manager Wenger has come under fire from some fans over the club's barren run and has been linked with an exit, with his contract set to expire at the end of next season.

Hill-Wood says he is not yet planning to discuss a new deal with the boss, adding: "Nothing has changed on that front. At the moment it is not top of our agenda, or his."

Hill-Wood also insists the Gunners will hold on to their best players.

"Let me be quite clear that our intention is to keep our best players and recruit new talent to make us stronger.

"Although we were disappointed to see Robin van Persie leave the club, we have taken steps to secure our best players going forward and have recently signed Jack Wilshere, Theo Walcott, Kieran Gibbs, Aaron Ramsey, Alex Oxlade-Chamberlain and Carl Jenkinson to new long-term contracts.

"During this financial period we also invested £40.9million in the acquisition of new players, Lukas Podolski, Santi Cazorla and Olivier Giroud, and the extension of other player contracts. More recently we added Nacho Monreal to our ranks from Malaga.

"Our desire is to make everyone connected with Arsenal proud of the club. We know that comes through winning trophies but also through the way we do things and that will remain our constant guide."

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T

ony Barrett knows his onions, quality journalist. If he says its b*ll*cks, it is. Unfortunately.

King_Kenny
The Old Team Gossip

Y

eah, that'll do nicely. Guess they're feeling pretty flush after the World Cup and see a few successful years ahead with our new manager. Get Vidal in asap now, and let's get things back on track.

badwolf
Man Utd secure adidas kit deal

I

worry about these types of conclusions on a teams brilliance when it was very clear that Argentina had 4 chances where they really should have scored and on chances alone then it would have been the more pragmatic Argentinians who would be the best in the world. I like the Germany team but this just shows that even with planning it relies on a great deal of luck and finding your opponents at just the right time.

dryice
Reward At Last For Years Of Careful Planning

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