Wenger not worried about financial stability
Manager Arsène Wenger has said that he's not worried about the current economic downturn affecting his club.
Whilst other Premiership clubs are watching their pennies and some are even up for sale, Wenger's Arsenal is in a healthy financial position with a debt that is well-serviced.
However, that does not mean that the Frenchman is looking to spend a reported £70 million transfer war chest.
Wenger said: "No [the financial crisis is not a worry for me].
"I believe that the way we managed the club means we have put this club, in this crisis, in a very strong position, because we do not live on the edge.
"We live in a naturally healthy situation - we do not depend on one person, we do not depend on the banks because we make our profit. We respect our balanced budget, so I believe that we will not be in trouble.
"Fifteen clubs are for sale, it is simple. And nobody is buying. I don't know what will happen. I do not know more about the economy than specialists, who are much more knowledgeable about the economic culture.
"I just know three months ago specialists said a barrel of oil would go to $200 but now it is under $40. So do not ask us what will happen in football."
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I believe that the way we managed the club means we have put this club, in this crisis, in a very strong position, because we do not live on the edge.
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