Arsenal can now ‘compete’ with rivals when it comes to wages

Date published: Monday 24th October 2016 3:57 - Joe Williams

Mesut Ozil & Alexis Sanchez: In the news on Thursday

Ivan Gazidis has revealed that money won’t be an obstacle in tying down Alexis Sanchez and Mesut Ozil to new deals at Arsenal.

The Gunners haven’t always been able to hold onto their top talent in years gone by, especially with the cost of building the Emirates Stadium.

However, with Sanchez and Ozil’s contracts set to expire in 2018, the club will be trying their hardest to get the duo to commit their futures to the club.

And Gazidis has revealed that the Gunners can now “compete in terms of wages with some of those clubs around us” while stressing that their overall financial model has worked in recent years.

“We have a good track record in recent seasons of retaining our key players, developing young players and attracting new players,” Gazidis told the Arsenal AGM.

“We are now beginning to compete in terms of wages with some of those clubs around us. There is continual growth in investment in wages but also in transfer fees.

“Very importantly our players sales have reduced so we have retained more of our important players. We’ve had funds available to pay market values and as a result the reliance we have had on transfer revenue has gone down dramatically.

“I can’t get into a discussion on individual players but I can assure you we will apply the same focus, rigour and diligence to members of our current squad and I think you can see the direction of travel.

“Overall we have attracted some global talent – Sanchez and Ozil are renowned names. We increasingly believe we have constructed a squad that is capable of competing for the very highest honours in the game.”

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