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Monaco vice president Vadim Vasilyev revealed to L’Equipe about Arsenal’s failed attempt in signing Thomas Lemar in the Summer.
The French club revealed they were under no pressure to sell Lemar to Arsenal despite the huge bid of £92m bid on transfer deadline day.
Vice-president Vadim Vasilyev told L’Equipe: “In 2015 we had to sell in order to meet FFP conditions, so it was more of an obligation. We are, currently, financially safe and sound.
“You sell when you think it’s the right time. You’ve got to accept the risk and it’s by taking risks that we have got here.
“Sales, they are the consequence of having a great season, the league title, a great manager and an excellent recruitment cell and scouting network.
“We don’t want records. We want to maintain a competitive team while respecting our economic model. And today, we’ve managed it.
“My dream has always been to develop the model, in both an economic and sporting sense, as far as possible. I’d said that a few years ago with Forbes magazine; It see that it is a possibility.”