Arsenal Transfer News: Ivan Gazidis Discusses Funding, Rivals' Spending and More

Arsenal will not spend big in the transfer market to rival their competitors because the club "can't afford to make huge mistakes," according to Gunnerschief executive Ivan Gazidis.Compared with the likes of Manchester City, Manchester United and Liverpool, Arsenal have had a relatively quiet summer transfer window, and Gazidis indicated that fans should not expect a high-profile purchase as the club have to be cautious in their dealings, per Jefferson Lake of Sky Sports:We can't afford to outgun competitors that have far more money. We have to be very careful, very selective.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.Arsenal have made one big purchase this summer, paying 35 million forBorussia Monchengladbachmidfielder Granit Xhaka, but they have yet to address other problematic areas, including the need for a new striker.More to follow.
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