Wenger - We can cope with economic downturn
Arsène Wenger believes that Arsenal's "naturally healthy situation" leaves them in good shape to cope with the current economic downturn.
The Frenchman has warned for some months that the repercussions of the recession will eventually be felt in football. Some clubs - particularly those which live beyond their means - could feel the pinch. However, Wenger thinks Arsenal's prudent approach will hold them in good stead in the months and years to come.
"No [the financial crisis is not a worry for me]," said the manager.
"I believe that the way we managed the Club means we have put this Club, in this crisis, in a very strong position, because we do not live on the edge.
"We live in a naturally healthy situation - we do not depend on one person, we do not depend on the banks because we make our profit. We respect our balanced budget, so I believe that we will not be in trouble."
"Fifteen clubs are for sale, it is simple. And nobody is buying. I don't know what will happen. I do not know more about the economy than specialists, who are much more knowledgeable about the economic culture.
"I just know three months ago specialists said a barrel of oil would go to $200 but now it is under $40. So do not ask us what will happen in football."
www.arsenal.com
The Frenchman has warned for some months that the repercussions of the recession will eventually be felt in football. Some clubs - particularly those which live beyond their means - could feel the pinch. However, Wenger thinks Arsenal's prudent approach will hold them in good stead in the months and years to come.
"No [the financial crisis is not a worry for me]," said the manager.
"I believe that the way we managed the Club means we have put this Club, in this crisis, in a very strong position, because we do not live on the edge.
"We live in a naturally healthy situation - we do not depend on one person, we do not depend on the banks because we make our profit. We respect our balanced budget, so I believe that we will not be in trouble."
"Fifteen clubs are for sale, it is simple. And nobody is buying. I don't know what will happen. I do not know more about the economy than specialists, who are much more knowledgeable about the economic culture.
"I just know three months ago specialists said a barrel of oil would go to $200 but now it is under $40. So do not ask us what will happen in football."
www.arsenal.com
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