Wenger: Happy with policy
Arsenal manager Arsene Wenger has defended his policy of bringing in promising young players rather than spending big money on new signings.
The Gunners were unbeaten as they won the Premier League title in 2003/4 but Wenger was unable to build on his squad as the club's financial focus was on the move to Emirates Stadium.
Arsenal could not keep pace with the league leaders last season but have put up more of a challenge this term and Wenger remains confident the team will continue to improve.
Speaking about what happened after the 2004 triumph, Wenger said: "At the time, we decided to build a stadium, which cost a lot of money.
"We decided to go for a policy where we could survive without buying too much. We knew the resources were short and we suffered a little bit.
"But this season we were really, really close. No team has been punished more than we have and we have still only lost three games.
"We tried and we closed the gap. Last year we had 68 points and finished far behind. This year, we can make 83 and who knows what that will be good enough for?
"It was down to one game winning or losing, and at the time when it became really tight, we had everything against us."
Wenger insists he was not surprised to see Chelsea emerge as the new force from London, with the Blues having finished runners-up in 2004 under the guidance of Claudio Ranieri.
"People forget when we had that unbeaten season, Chelsea were second in the league," he said.
"They were a fantastic side. We didn't lose one game and they were very close to us.
"I knew they would become champions because they had (Frank) Lampard, (John) Terry, Joe Cole - they were all going up."

Wolves 1-4 Arsenal - McCarthy
Wolves 1-4 Arsenal - Wenger
Blackburn 3-1 Portsmouth - Allardyce
Aston Villa 5-1 Bolton - Megson
Tottenham 2-0 Sunderland - Redknapp
Man City 3-3 Burnley - Coyle
Tottenham 2-0 Sunderland - Bruce
Man City 3-3 Burnley - Hughes
| Time | Fixture |
|---|---|
| Sunday 8th November | |
| Barclays Premier League | |
| 13:30 | Hull vs Stoke |
| 15:00 | West Ham vs Everton |
| 15:00 | Wigan vs Fulham |
| 16:00 | Chelsea vs Man Utd |
| Monday 9th November | |
| Barclays Premier League | |
| 20:00 | Liverpool vs Birmingham |
| Saturday 21st November | |
| Barclays Premier League | |
| 12:45 | Liverpool vs Man City |
| 15:00 | Birmingham vs Fulham |
| 15:00 | Burnley vs Aston Villa |
| 15:00 | Chelsea vs Wolverhampton |
| 15:00 | Hull vs West Ham |
| 15:00 | Sunderland vs Arsenal |
| 17:30 | Man Utd vs Everton |
| Sunday 22nd November | |
| Barclays Premier League | |
| 13:30 | Bolton vs Blackburn |
| 15:00 | Tottenham vs Wigan |
| 16:00 | Stoke vs Portsmouth |
| Wednesday 25th November | |
| Barclays Premier League | |
| 19:45 | Hull vs Everton |
| 20:00 | Fulham vs Blackburn |
| Saturday 28th November | |
| Barclays Premier League | |
| 15:00 | Blackburn vs Stoke |
| 15:00 | Fulham vs Bolton |
| 15:00 | Man City vs Hull |
| Time | Result |
|---|---|
| Saturday 7th November | |
| Barclays Premier League | |
| Wolverhampton 1 - 4 Arsenal | |
| Man City 3 - 3 Burnley | |
| Tottenham 2 - 0 Sunderland | |
| Blackburn 3 - 1 Portsmouth | |
| Aston Villa 5 - 1 Bolton | |
| Wednesday 4th November | |
| Barclays Premier League | |
| West Ham 2 - 1 Aston Villa | |
| Sunday 1st November | |
| Barclays Premier League | |
| Birmingham 0 - 0 Man City | |
| Saturday 31st October | |
| Barclays Premier League | |
| Man Utd 2 - 0 Blackburn | |
| Sunderland 2 - 2 West Ham | |
| Portsmouth 4 - 0 Wigan | |
| Bolton 0 - 4 Chelsea | |
| Stoke 2 - 2 Wolverhampton | |
| Fulham 3 - 1 Liverpool | |
| Burnley 2 - 0 Hull | |
| Everton 1 - 1 Aston Villa | |
| Arsenal 3 - 0 Tottenham | |
| Sunday 25th October | |
| Barclays Premier League | |
| West Ham 2 - 2 Arsenal | |
| Man City 2 - 2 Fulham | |
| Liverpool 2 - 0 Man Utd | |
| Bolton 3 - 2 Everton | |
| Pos | Team | P | Pts |
|---|---|---|---|
| 1 | Chelsea | 11 | 27 |
| 2 | Arsenal | 11 | 25 |
| 3 | Manchester United | 11 | 25 |
| 4 | Tottenham Hotspur | 12 | 22 |
| 5 | Aston Villa | 12 | 21 |
| 6 | Manchester City | 11 | 20 |
| 7 | Liverpool | 11 | 18 |
| 8 | Sunderland | 12 | 17 |
| 9 | Stoke City | 11 | 16 |
| 10 | Burnley | 12 | 16 |
| 11 | Fulham | 10 | 14 |
| 12 | Wigan Athletic | 11 | 13 |
| 13 | Blackburn Rovers | 11 | 13 |
| 14 | Everton | 10 | 12 |
| 15 | Birmingham City | 11 | 11 |
| 16 | Bolton Wanderers | 11 | 11 |
| 17 | West Ham United | 11 | 10 |
| 18 | Wolverhampton Wanderers | 12 | 10 |
| 19 | Hull City | 11 | 8 |
| 20 | Portsmouth | 12 | 7 |
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