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Arsenal Favors Security Over Instant Success
Telegraph, September 22nd, 2008 2PM

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Arsenal chairman Peter Hill-Wood has stressed that his club favors long-term sustainability over splashing out cash for huge transfer fees, and said he is "sure" that fans understand not winning the Premier League title if it means the club is kept on a stable financial footing.

"We obviously can't compete with the money Manchester City have so there's no point trying," Hill-Wood said. "We've got to succeed some other way. We bore people silly by saying we've got to have a business plan that's sustainable. We want the club to be thriving in 50 years time."

He said there are "other ways" to compete. "Money is not the only thing that matters. You can buy what you think are the best 11 players in the world and they might not play as a team."

Asked why Arsenal allowed U.S. millionaire Stan Kroenke (club stake just over 12 percent) to join its board last week over controversial Russian-Uzbek billionaire Alisher Usmanov (just over 24 percent) Hill-Wood said: "I don¹t think he [Usmanov] brings the sort of talents that Kroenke can bring, and we're not really looking for any other directors."

 

 

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