- Premier League
Gazidis tells AGM Arsenal are on the right path
Arsenal chief executive Ivan Gazidis has insisted the club are on the right path under Arsene Wenger and expects the Gunners to fight for honours in the near future.
It was an uncomfortable time for officials at the club's AGM, with the position not helped by the abject display against Schalke - which came on the back of defeat to Norwich.
The Gunners were roundly booed at the Emirates on Wednesday and the reception was spiky at the AGM - more so for chief executive Gazidis and chairman Peter Hill-Wood than manager Wenger.
Arsenal have been lagging behind the likes of Manchester United and Chelsea for a number of seasons, their trophy drought stretches back to 2005, and Gazidis was grilled on the situation.
He claimed the Gunners are well placed financially and expects them to operate at the highest level both domestically and in Europe.
"We will have the financial resources to compete with the leading clubs in the next two years, which is an extraordinary achievement," he said.
Gazidis was adamant that Wenger has money to spend in the transfer market if he so wishes. He said: "The money we make is available to the manager and he decides how to use those funds. Arsene has done a magnificent job against the spending of our competitors.
"His management has kept us at the top of the game. Standing together we can make Arsenal one of leading clubs in world. Our ambition cannot be doubted."