Ivan Gazidis has insisted that the football club is finally in a position to be able to spend big on player's wages and transfer fees.
Arsenal's chief executive has also reassured fans that manager Arsene Wenger will spend money this summer in the transfer market.
Whilst holding an end-of-season Q&A session with Arsenal fans, Gazidis opened up to the fans and admitted that the club haven't been performing well in recent years, but they believe they are finally ready to start challenging again and are ready to be a force in England and world football.
Arsenal have been strongly linked with some high-profile players already ahead of the transfer market, the most recent being Gonzalo Higuain, and the rumours will excite the fans as they will be delighted to hear that their club are finally ready to spend big on transfers.
It is suggested that Wenger will have up to £70million available to spend on transfers and it seems that a striker and a holding-midfielder is top of the Frenchman's wishlist.
Currently forwards Theo Walcott and Lukas Podolski are the club's highest earners sitting on £100k-a-week, but it now appears that the club are ready to spend more on player's wages so that they can attract the top-names in the game.
Speaking at the club's Q&A session, Gazidis revealed that Wenger is prepared to spend big on world-class players, but only if they are available.
Gazidis said: “The manager is not scared to spend money but he has to believe they are top-class players who will add to the squad.
“Can I guarantee he will spend all of that money? It depends on the talent.
“The key is having players Arsene believes in, adding them to the squad and making sure he has a cohesive squad he believes in.
“I accept we haven't done that over the last few years. We have essentially been very consistent – we haven't slipped backwards and we haven't gone forwards. We need to go forwards.
‘It is not enough to be watching a video of a last-minute scramble to get over the line into fourth place. No-one at this club wants that.”
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