Arsenal chief executive Ivan Gazidis believes Manchester City are envious of the Gunners’ current position.
The Emirates Stadium official claimed that Roberto Mancini’s side would love to be in three competitions, as Arsene Wenger’s team are.
Arsenal advanced to the fifth round of the FA Cup and managed to qualify for the Champions League last 16, something City were unable to do, and Gazidis claimed this was an example of big spending not necessarily guaranteeing success.
“We're in three competitions this year. Manchester City would love to be in three competitions. They're not, so money is not everything in this game,” he said in an interview with Fox.
Arsene Wenger has become famous for getting the most out of young talent and not spending large sums on superstars.
Gazidis was very positive about this aspect of Arsenal as a club and the fact that they attempt to be self-sustainable, though he conceded that money has to play a part at some point in success.
“I don't disagree that it's important. But we do things based on a value system. We're about creating star players, not about buying them,” he added.
“We're about what happens in a team, between players, not individual superstars – and that's an inspiration to people around the world.
“We can't afford to compete with oil money and we can't afford to compete with super-wealthy individuals from Russia.
“But the more important thing about our model is that it's sustainable. Our business model means we can continue to do what we're doing forever.
“We're proud of the way we do things and we're proud of the results that we're able to produce from that.”
This model has brought Champions League qualification for the past 14 seasons, but it has also meant a failure to win a trophy since the FA Cup in 2005.
The Gunners suffered a torrid start to the season, there worst in decades, which has led to many fans calling for the club to spend some money on established stars.
This was justified by claims that Arsenal’s young side did not have the mental fortitude to get through high-pressure games – a case in point being the Carling Cup final loss to Birmingham City.
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