Chief executive Ivan Gazidis believes Arsenal are the perfect model to follow as Premier League clubs prepare for financial regulation.According to Gazidis, the Gunners have always tried to strike the balance between the long and short-term and have managed to resist just pushing for the latter without taking heed of possible consequences. He also defended manager Arsene Wenger, who many have accused of letting the club fall far behind the likes of the Manchester teams due to his perceived aversion to spending money. Gazidis said: "I don't think Arsene is conservative, I think he is extraordinarily brave. I think he does things others don't do and sees things others don't see. "Arsene is not fixed on the price of a player in assessing a player's value, he will look with equal weight at a young player who is coming through the Arsenal academy and a player that might be available with a very hefty price tag from overseas. "He is not afraid to spend money when he believes in a player and sees a player he thinks can kick us forward but he is not obsessed with the security that a big transfer fee might give him." While he understands the criticism that has come the club's way because of the lack of silverware, Gazidis is convinced the wait for a trophy will soon be over. He said: "I think the time when we have to continue to ask them (Arsenal supporters) for patience is coming to an end and I think we will be able to deliver the kind of success they want on a consistent basis going forward as one of the leading clubs in Europe."