Arsenal Chief Executive, Ivan Gazidis has revealed that the club does not have the financial strength to “outgun” Premier League rivals in the transfer market and have to be careful in signing new players.
Arsenal finished second in the EPL last season and the fans have vented frustration at the lack of big-money signings.
Over the past few years, Arsenal have signed marquee names like Germany midfielder Mesut Ozil and Chile winger Alexis Sanchez, but they have still spent considerably less than many of their rivals.
“We can’t afford to outgun competitors that have far more money — we have to be very careful, very selective,” Gazidis told British media.
“That means we can’t afford to make huge mistakes in the transfer market. The constraints within the Premier League are less and less about pure finances.
“More relatively important become things like how well you identify players, how well you develop players, what kind of sports science you have, your analytics, your psychology.”
Arsene Wenger has made three additions to his squad so far, midfielder Granit Xhaka, defender Rob Holding and striker Takuma Asano.
Leicester’s Jamie Vardy who was bound for the Emirates before Euro 2016 decided to extend his contract at the King Power Stadium, while Olympique Lyonnais said they rejected a 29 million pound ($38.25 million) bid for Alexandre Lacazette.
Arsenal begin their new campaign on Aug. 14, when they host Liverpool at the Emirates Stadium.
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