Ivan Gazidis believes Premier League clubs are increasingly looking towards Arsenal’s self-sustaining financial model as UEFA’s Financial Fair Play rules begin to influence spending patterns.
Banging the drum for a policy which has long been the norm at the Emirates, the Gunners CEO stressed that football must learn the lessons from those businesses which have suffered during the global economic downturn.
“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. This is a very successful UK industry and it deserves a lot of credit for that.
“This is a great time for us, when things are going well, to address issues of unsustainability while we can because as we’ve learned addressing them from a position of weakness is never a satisfactory way to do it.
“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.
“(And) we are running our league on a sound financial business model and taking advantage of what this league has to become the world’s leading sports league.”
While it’s great to hear that a unanimity in the way Premier League clubs operate is edging closer, it doesn’t hide the fact that while Arsenal have acted like the conservative squirrel hoarding for winter, several other clubs have gorged themselves stupid during the summer and still found themselves with a surplus of nuts worthy of a Snickers factory.
Fingers crossed the nuts of our rivals will eventually be crushed into smithereens while ours remain plentiful and full of goodness. Or something.3,441 views