Arsenal “can’t afford make mistakes in transfer market”

Arsenal chief executive Ivan Gazidis has spoken out about the club’s lack of transfer activity, claiming they don’t have the finances to compete with some clubs in the window.

The Gunners have added Switzerland international Granit Xhaka to their ranks this summer, but have missed out on Jamie Vardy, who chose to stay at Leicester City, and Gonzalo Higuain, who has joined Juventus.

The Telegraph are also reporting that the Gunners have failed with bids to sign Alexandre Lacazette to the Emirates, after the French forward scored 21 Ligue 1 goals last season, bringing his league tally to a total of 48 goals in two seasons.

Gazidis has said the club don’t have money to waste, and are being careful with who they try and buy:

“We can’t afford to outgun competitors that have far more money – we have to be very careful, very selective,” said Gazidis.

“That means we can’t afford to make huge mistakes in the transfer market. The constraints within the Premier League are less and less about pure finances. More relatively important become things like how well you identify players, how well you develop players, what kind of sports science you have, your analytics, your psychology.”

The Gunners could be low on players in key positions for their first game of the new season. Both Danny Welbeck and Per Mertesacker look set to miss their league opener at home to Liverpool on August 14th, leaving fans desperate for new signings.

However, after Gazidis’ comments, it appears that the Gunners won’t be jumping into a bidding war for any player, even if it means starting the season with an incomplete squad.