Peter Hill-Wood: “We Can Compete”

Peter Hill-Wood
After Arsenal announced half-yearly profits of £17.8m to the end of November last year and cash reserves of £123.3m, Peter Hill-Wood has attempted to assure the fans that the club are able to compete with the Premier League’s big spenders. 

Wenger stated last week that Arsenal would be able to afford the highly-rated Falcao of Atletico Madrid, if they wanted to purchase the striker. The forward is well sought after, and thought to be worth an  £40m; more than double the price of Arsenal’s record signing.Manager

Hill-Wood, who is the Arsenal Chairman, backed all this up when telling the Daily Star: “We are in a position where we can compete with most people.

“If there is someone we really want, then the price guide is secondary.”

Hill-Wood went on to defend Arsenal’s poor season and trophy drought set to extend to eight-years by the end of this season, adding: “I understand that they want us to win everything, but so do I. But we are in a damned sight better position than a lot of people.”

Also stating that there had been no discussions with Wenger about his contract, as initially planned: “Nothing has changed on that front. At the moment it is not top of our agenda, or his.”

Before claiming Arsenal will keep their best players: “Let me be quite clear that our intention is to keep our best players and recruit new talent to make us stronger.

“Although we were disappointed to see Robin van Persie leave the club, we have taken steps to secure our best players going forward and have recently signed Jack Wilshere, Theo Walcott, Kieran Gibbs, Aaron Ramsey, Alex Oxlade-Chamberlain and Carl Jenkinson to new long-term contracts.

“During this financial period we also invested £40.9million in the acquisition of new players, Lukas Podolski,Santi Cazorla and Olivier Giroud, and the extension of other player contracts. More recently we added Nacho Monreal to our ranks from Malaga

“Our desire is to make everyone connected with Arsenal proud of the club. We know that comes through winning trophies but also through the way we do things and that will remain our constant guide.”

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