English Premiership

'Spending limit' for Arsenal

2012-09-04 18:38
Arsenal (File)

London - Arsenal chairman Peter Hill-Wood has admitted the club "can't compete" in the transfer market with rival English Premier League teams.

However, he insisted the Gunners could still challenge for the title and that manager Arsene Wenger was not under pressure from the board to end a trophy drought spanning seven years.

Hill-Wood added he was "disgusted" by those fams who verbally abused French manager Wenger, in charge at the London club since 1996, last season.

"Arsene has money to spend but there's a limit," Hill-Wood told Tuesday's London Evening Standard. "We can't spend 50m on one player.

"At a certain level, we can't compete. I don't think (Arsenal majority shareholder) Stan Kroenke is going to put the sort of dollars in that (Roman) Abramovich or Sheikh Mansour are putting into Chelsea or Manchester City.

"That's not the way he thinks clubs should be run," Hill-Wood added of the American sports entrepreneur

"Luckily, Arsene understands that. He got an economics degree from Strasbourg University so he's certainly no fool. He knows how a club should be run.

"That annoys a lot of people but clubs have to be sustainable. We're not going to go bankrupt in the way one or two other well-known clubs have."

Hill-Wood cited the case of Scottish giants Rangers, now playing in their country's fourth-tier after entering administration, as "something we've all got to guard against".

"They spent far more money than they could afford. We're ambitious enough but we're not going to end in the same plight as Rangers.

"That is a fact of life. So my advice is, don't get miserable about it."

Last season saw Wenger come under more pressure than ever since he took charge 16 years ago, with some fans even heard to chant: "You don't know what you're doing".

Hill-Wood said: "What those fans shouted did not influence me one little bit. I was disgusted to hear them because Arsene's been absolutely outstanding. He is still outstanding."

This pre-season saw Arsenal captain Robin van Persie become the latest big name to quit the club because of their 'lack of ambition' but Hill-Wood said: "We have a pretty good chance of challenging for the Premiership. I don't see why we cannot win it this year."



Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk
Most Read


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

6 reasons Boks won’t botch it
Fiji far too strong for Uruguay
Burger hopes for elusive World Cup win
As it happened: Fiji 47-15 Uruguay
17 October 2015
Tottenham Hotspur v Liverpool, White Hart Lane 13:45
Manchester City v Bournemouth, Etihad Stadium 16:00
Everton v Manchester United, Goodison Park 16:00
Crystal Palace v West Ham United, Selhurst Park 16:00
Southampton v Leicester City, St. Mary's Stadium 16:00
Chelsea v Aston Villa, Stamford Bridge 16:00
West Bromwich Albion v Sunderland, The Hawthorns 16:00
Watford v Arsenal, Vicarage Road 18:30
18 October 2015
Newcastle United v Norwich City, St. James' Park 17:00
19 October 2015
Swansea City v Stoke City, Liberty Stadium 21:00
Team P W PTS
Previous Results

Date Home Team Result Away Team

Who was the best summer signing in the EPL?

/World Cup
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...


Take a photographical trip down memory lane and remind yourself of how the Springboks fared in their five previous Rugby World Cup campaigns. In addition, pick your all-time Springbok Rugby World Cup Dream Team and you could win R3 000!

Latest blogs

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.