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Arsenal will be able to compete with the biggest and best teams in European football as UEFA's Financial Fair Play regulations become enforced said chief executive Ivan Gazidis this morning at the Gunners' annual general meeting.
The AGM could not have been held at a worse time for the Arsenal board after they suffered a 2-0 home defeat to Schalke just four days after they miserably lost 1-0 at Premier League strugglers Norwich.
This summer captain Robin Van Persie was sold to Manchester United for £24 million which continued the departure of many of Arsenal's best players leaving the club over the past few years.
Arsenal have not won a trophy since the FA Cup in 2005 and this has bought murmuring that Wenger's philosophy is no longer working, however Gazidis does not believe this is the case and success will be in the near future.
He said, "In the next two years, we will have the financial resources to sit and compete among the leading clubs in the world, which is an extraordinary achievement.
"Financial success is relevant because it supports our football vision... the money we make is made available to our manager and he decides how to invest those funds.
"Arsene has done a magnificent job against the spending of our major competitors."
Flanked by chairman Peter Hill-Wood and majority shareholder Stan Kroenke, Gazidis added: "Our ambition is shared by everybody at this table, the whole board and by everyone in this room.
"It is all about football, to compete at the top of the game here and in Europe to win trophies and do it in a way which makes fans proud and reflects our values, and also protects Arsenal for the long term."
The mood at the AGM was very sour towards the board members due to the lack of success and Arsenal's poor form, it seems as though the Arsenal faithful maybe running out of patience.
