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Arsenal chief Ivan Gazidis has claimed the club cannot “outgun rivals in the transfer market.”
The Gunners chief has assured fans that the club is working actively to bring in new faces to the Emirates but warned that the club would not be able to out spend Europe’s top teams in the transfer market, hence the need to be very selective in its transfer targets.
The club were in talks with Napoli over the services of Gonzalo Higuain but pulled out of negotiations over the player’s transfer fee. Juventus subsequently signed the striker for a whooping £75m and Gazidis believes the club can’t go about outgunning competitors to sign players.
“We would not be successful if we simply went out into the transfer market and tried to outgun our competitors.”
“We’re run in a self-sustaining way, and a way that we believe in, because we believe it gives us certainty for the future, and enables us to plan our future with confidence. That means we can’t afford to make huge mistakes in the transfer market.
“We can’t afford to outgun competitors that have far more money to splurge on transfer fees than we do. So we have to be very careful, very selective about how we do things.
“We’re still active in the market, as are most other clubs, and if we find opportunities that our manager believes can improve our squad and add something to it, we’re certainly going to take those steps.”
Arsenal have already spent more than £30m on Granit Xhaka this summer and are still working on signing a striker. Wenger has revealed he is willing to spend this summer but on the right players.