Arsenal chief executive Ivan Gazidis believes there is a "developing consensus" in the Premier League that there is a need for financial regulation.

UEFA have already introduced Financial Fair Play guidelines for clubs to live within their means. Arsenal recently posted a healthy pre-tax profit and Gazidis believes they provide the model which could be adopted by more clubs as they look to become self-sustaining.

He told BBC Five Live: "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."

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