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."

NEXT ON SPORT24X

EPL: Transfer watch

2014-07-29 00:00

 

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
3 comments
Add your comment
Comment 0 characters remaining
Live Video Streaming
  • SS3
    Fri, 01 Aug 2014 @
    04:00
  • SS4
    Fri, 01 Aug 2014 @
    05:00
  • SS5
    Fri, 01 Aug 2014 @
    05:59
  • SS7
    Fri, 01 Aug 2014 @
    06:00
Video Highlights
Sport Talk

Fixtures
16 August 2014
Manchester United v Swansea City, Old Trafford 13:45
West Ham United v Tottenham Hotspur, Boleyn Ground 16:00
Stoke City v Aston Villa, Britannia Stadium 16:00
Leicester City v Everton, King Power Stadium 16:00
Queens Park Rangers v Hull City, Loftus Road Stadium 16:00
West Bromwich Albion v Sunderland, The Hawthorns 16:00
Arsenal v Crystal Palace, Emirates Stadium 18:30
17 August 2014
Liverpool v Southampton, Anfield 14:30
Newcastle United v Manchester City, St. James' Park 17:00
18 August 2014
Burnley v Chelsea, Turf Moor 21:00
Vote

How will Manchester United fare in next season's English Premiership under Louis van Gaal?

 
 
Featured Blog

Dave ask if you would like to meet your local sports heroes and stand the chance to win prizes to the value of over R40 000.

Latest blogs
 

Twitter Follow Sport24 on Twitter

Newsletters Sign up for the Morning Glory, Super 15 and Soccer newsletters

Blogs Yes your opinion counts. Get it out there

WIN Enter and win with Sport24!

Mobile Sport24 on your mobile phone - WAP, alerts, downloads, services

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

Facebook "Like" Sport24's Facebook page

TV schedule Plan your couch time with our searchable sport TV guide

RSS Feeds Sport news delivered really simply.

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