Arsenal majority shareholder Stan Kroenke believes that the club will get through their difficult period, thanks to the genius of Arsene Wenger and a board that believes in sustainable, long-term goals for the side.
As Arsenal defeated Chelsea 5-3 at the weekend, fans' confidence in the Gunners is starting to grow again, with the side looking to recover from their worst start in over 50 years.
And Kreonke believes that while Arsenal haven’t won a trophy in close to seven years, Wenger’s performance for the club since he joined in 1996 shows why he is the best man for the job.
"I am very proud of our management [at Arsenal] and I am certainly extremely proud of our manager and I am very proud of the way the Club has been run,” Kroenke said.
"Arsène has been here 15 years and you look at what the Club had as assets and revenues back then. It's fantastic the growth that has occurred within the Club.
“It has been done very responsibly and they have the record for participating in the Champions League for the most consecutive years. For long-term stability and an approach to excellence, I think that's unsurpassed really.
"Anybody who is a sportsman would rather compete on the basis of intellectual equality rather than just being able to throw money against the wall. Anyone can go and buy a player but it takes a lot more to identify that player, develop that player and position him."
Kroenke insisted that trophies are a big goal for the Arsenal board, and the majority shareholder is planning on bringing them to the club, but he also argued that it takes time to create a sustainable side and that honours are not something that can be expected every season.
"We have been around the Club for four years at one stage or another and you always like to win trophies,” he explained. “We were very close last year but we didn’t get there.
"You are not going to win trophies every year. I am smart enough to know that. I think it is fair to say we have a broader experience than anybody in sports because we are involved in so many different teams.
“You don’t win trophies every year. You’d like to. But I have friends who are owners in the leagues in the US who have never won a trophy and they have been in it for 30 or 40 years. We have been fortunate to win a few.”
Kroenko admitted though that while the club is open to spending big money on players, Wenger is the one who decides whether the huge transfer fees are really worth it.
When asked if he would spend big on a player, Kroenke told reporters: "Could you? Yeah. You could.
“I think that you want to be sure that you want to spend the money and I think that's what our manager does. He makes that evaluation. That's his job.
"We have money. And it wasn’t because anybody sitting here ever said ‘don’t spend it’. Now, if you spend it all and there is no more money, you guys come and say ‘well Stan, we're short now, you need to spend some more money’.
"Well then you could blame me maybe but I don’t think you can blame me now. This Club is run a certain way and I think people are proud of the way it's run. And I think our fans are proud of the way it's run.
"I think the board should be given a lot of credit. If you go back to where this Club was, revenue-wise, in the early to mid-90s, in terms of assets and things then it's dramatically different. That didn't just happen by itself. It's not easy to do the things that they have accomplished. The board should be given credit for that."