Tuesday 26 February 2013 13:04, UK
Arsenal chairman Peter Hill-Wood insists the club are in a position to compete with their big-spending Premier League rivals in the transfer market.
Hill-Wood also insists the Gunners will hold on to their best players. "Let me be quite clear that our intention is to keep our best players and recruit new talent to make us stronger. "Although we were disappointed to see Robin van Persie leave the club, we have taken steps to secure our best players going forward and have recently signed Jack Wilshere, Theo Walcott, Kieran Gibbs, Aaron Ramsey, Alex Oxlade-Chamberlain and Carl Jenkinson to new long-term contracts. "During this financial period we also invested £40.9million in the acquisition of new players, Lukas Podolski, Santi Cazorla and Olivier Giroud, and the extension of other player contracts. More recently we added Nacho Monreal to our ranks from Malaga. "Our desire is to make everyone connected with Arsenal proud of the club. We know that comes through winning trophies but also through the way we do things and that will remain our constant guide."