Arsenal chief boasts about perfect model

Arsenal chief executive Ivan GazidisArsenal chief executive Ivan Gazidis believes other Premier League clubs should use the Gunners as the perfect model as they prepare for financial regulation.

As of next season, UEFA want clubs to start balancing their books in an attempt to minimise deficits by 2018 and Gazidis believes Arsenal is the perfect club for others to take inspiration from.

He told Sky Sports: “Arsenal were operating this way a long time before football looked at it and decided it would be a good path for football to move into.

“I think people believe money can be spent without consequence and if we learnt anything from the financial crisis the world has had over the last few years it has to be unsustainable spending and unsustainable environments don’t last forever.

“I think football is in a fantastic position to address this because we are in a position where I am very optimistic for the future of football. The revenues the game generates, particularly the Premier League’s position, is fantastic.

“The Premier League owners are coming together: I think there is a developing consensus around the fact we need some form of tighter financial regulations to make sure as we look forward that the interest of the Premier League, its clubs and the fans are well protected.”

The Gunners recently announced a healthy pre-tax profit and have a reputation of making large profits from player transfers.