We are not scared to spend, says Wenger as Arsenal boss defends transfer policy
12:17 GMT, 27 September 2012
Arsene Wenger maintains Arsenal are not scared to spend money – but will always do it 'in the right way'.
The Gunners' parent holding company are set to post their latest set of financial results on Thursday afternoon, which are understood to again show a healthy operating profit and considerable cash reserves.
The joy of six: Arsenal romped to victory over Coventry on Wednesday
Those will be further boosted by the
24million sale of former captain Robin van Persie to Manchester United,
although also offset against the summer signings of Lukas Podolski,
Santi Cazorla and Olivier Giroud, who scored his first Arsenal goal in
Wednesday night's Capital One Cup win over Coventry.
Wenger believes the continued positive financial situation at the Emirates Stadium is 'very pleasing', but does represent a delicate balancing act between stability off the pitch and consistency on it.
'We want to spend our money in the right way. We are not scared to spend the money,' said Wenger.
'With some clubs we can't compete on certain players – and for the rest, we only want to bring in players who add something to our squad and give a chance as well to the young players we have.
Cash-flow: Wenger defended Arsenal's transfer policy on Thursday
'We have good players, because to buy one more, we have to get one out.'
'Our numbers are good,' added Wenger. 'Under the actual circumstances this is quite positive because the whole (global) environment is not positive.
'We are very lucky because we have a good support and the income of our gates is very high.
'We have to maintain that by keeping our fans happy and to continue to manage well in the way that we do it.'