Source: Team_Talk
Gazidis backs Wenger transfer policy
UEFA recently announced plans designed to prevent clubs from spending more than they earn. Gazidis believes this is the only way forward and that Arsenal are proving the ideal model in terms of responsible financial behaviour.
The Gunners have not won the Premier League since 2004 and manager Arsene Wenger has come under increasing pressure for declining to re-inforce his squad.
But Gazidis says the club will never raid the transfer market just to increase squad size.
Speaking at this week's International Football Arena in Zurich, Gazidis said: "We believe transfer spending is the last resort.
That's a sensible view to have. Re-signing existing players is a
far more efficient system. What Arsene will not do is spend money on players that do not add something of real value."
Recent setbacks against both Manchester clubs have fuelled the debate about whether Arsenal are ever likely to regain their domestic supremacy, let alone capture the Champions League.
Gazidis, who has been at the Emirates Stadium since November last
year, admitted the club did not have as much spending power as their rivals which is why Wenger's philosophy of nurturing young talent was so important.
He said: "It's not easy for a club to walk this path when others have outside funding that we don't have. But it's a path we are committed to. Arsene won't do things in response to media pressure. He thinks about the development of the team.
"In the two windows since I've been here, we have signed two players who I think are pretty special - Andrey Arshavin and Thomas Vermaelen. Both have added something to the team. What we
haven't been prepared to do is go out in what has been a particicularly irrational market and spend money for the sake of it.
"We are a club that is living responsibly within its means which is important in the current climate, living by the kind of words that everyone talks about. And still we've got a great team that plays some of the most attractive football in the world."
