The Arsenal Chief Executive Ivan Gazidis has made it clear that Arsenal will be continuing with the policy of buying promising youngsters and bringing them through the Arsenal Academy, and he has made an attempt to explain the reasoning behind it.
Everyone knows the gist of what he said, but here is the full explanation he gave to Fox News: “Our financial model does mean we can’t afford to compete with oil money, and we can’t afford to compete with super-wealthy individuals from Russia,”
“But I think the more important thing about our model is that it’s sustainable.
“If we’ve learned anything from the world’s economic crisis, it has to be that football clubs need to have responsibility – not just for today, but for their own futures.
“And our business model means that we can continue to do what we’re doing forever.
“Our focus is always on young players, we’ve got a fantastic development system and still there are young players coming through consistently from our youth ranks and that’ll continue to be the way Arsenal do things.
“We play football in a certain way, a little bit different to everyone else and we develop our team in a way that’s a little bit different to everybody else.
“Yes, we can’t afford to spend £50-70million on an individual player. But, we’re proud of the way we do things, and we’re proud of the results that we’re able to produce from that.
“Of course there’s anxiety when clubs are spending the kind of money they’re spending. We don’t believe that’s sustainable for the long term. We think that has to come to an end. UEFA agrees with us and is bringing limits on spending in (the Financial Fair Play initiative), and we’ll continue to do things the way we do them.”
“Arsene spends money with a view not just to the short term, but also to the long term.
“People don’t think about Oxlade-Chamberlain, but we spent a lot of money on Oxlade-Chamberlain. We believe that this is a young player who is an exciting prospect, and there are a lot of clubs in the Premier League that would love to have him, believe me.”
So there you have it. It’s just a shame that there are NOT lots of clubs that would want to sign Bendtner, Denilson, Djourou, Squillaci, Arshavin, Almunia……………