Gazidis says the Frenchman has more than enough to buy one ‘world-class’ player but concedes that they must consider the ‘efficiency of spend’ as they don’t have the resources of the big spenders in the Premier League.
Gazidis said: “”They’re not there to compete with the Manchester Citys of this world and, frankly, if they were, Manchester City would just increase their bids again.
“You’re just never going to be able to compete with limitless amounts of money but we’ve got a substantial amount of money that we can invest.”
Despite supporters becoming restless at the lack of in-comings Gazidis insists there is no practical or ideological barrier that is holding Wenger back from spending the money.
He made it clear that the Arsenal manager has identified the squad’s weaknesses and will be supported financially to fix the problems.
Wenger has already brought in striker Gervinho and young right-back Carl Jenkinson for a combined £11.6 million and Gazidis claimed that Wenger isn’t opposed to spending big on a player.
“We still will be active in this window,” Gazidis told the Guardian. “We haven’t finished our business at all. We’re just not conducting it publicly. We’re working hard privately. We understand where the weaknesses have been.
“If we found an established, world-class player and we thought the economics made sense and he would add to what we could do on the pitch, then there’s no philosophical objection to that,”