Arsenal chiefs Vinai Venkatesham and Raul Sanllehi have outlined the need for the club to be ‘efficient’ in the transfer market and say they will not allow a repeat of the Alexis Sanchez and Aaron Ramsey sagas.
Managing director Venkatesham has hinted that the club will need to be creative in the market and will rely on last summer’s signings continuing to improve, though any profit from player sales will be reinvested.
‘We need to continue to look at our wage bill. We’ve got, and it’s well known, a large wage bill – that’s a good thing. That demonstrates the financial power and the financial muscle of Arsenal, which is important for us to be successful,’ he told Arsenal’s official website.
‘But we need to make sure we are spending that money as efficiently as possible, and we are spending a lot of time focusing on that.
‘Of course we need to be sensible and we need to be efficient in the transfer window. We need to sign excellent players, we need to make sure those players can make a real contribution.
‘And if I look back to the last transfer window, with Bernd Leno, Matteo Guendouzi, Lucas Torreira, Papa Sokratis and others, we think we bring in players that can make a really big impact. And we believe that those players, and many more, can make a bigger impact next season.
‘We need to be sure that when we are selling players we are maximising the funds that we can get when we sell players, because all of those funds just get reinvested back into the team.’
Arsenal missed out on transfer fees for both Sanchez when he joined Manchester United over a year ago and Ramsey when he signed for Juventus as a free agent, with the Welshman moving to Turin once his contract has expired at the end of June.
Venkatesham says the club must do more to avoid those situations in the future and has given a clear ultimatum to players with two years left on their deals – such as Pierre-Emerick Aubameyang and Mesut Ozil – that they either renew of they will be sold.
He continued: ‘We need to make sure we are really disciplined. A good example of that is senior players that aren’t towards the end of their careers, we need to make sure that those players, when they’ve got two years left on their contract, we’re making the difficult decisions.
‘We’re either renewing those players’ contracts, or we’re selling those players. So we’re going to have to be brave with those decisions along the way, because we can’t be in a situation where we are allowing players to walk out the door for free unless they are coming towards the end of their career.’