Arsenal CEO Ivan Gazidis tells the fans – Arsene has plenty of money to spend

Ashley Football 1 Comment

Some interesting news courtesy of Arsenal expert Tim Payton, who has been sharing on Twitter and BBC Five Live what exactly went on at the Arsenal Supporters Trust meeting tonight.

Over 100 fans turned up to quiz Arsenal CEO Ivan Gazidis about the club’s finances, future and more and, credit to the guy, he apparently spent over two hours answering their questions. Gazidis even kicked off with an apology saying that the Capital One Cup defeat at Bradford simply wasn’t good enough. He also thanked the travelling fans last night and said that he was working to put things right.

The most interesting snippet though is that Gazidis said in no uncertain terms that Arsene Wenger has a sizeable war chest of cash to spend on the players he wants. There are no financial restrictions and that significant funds are available.

Tim Payton was clearly impressed by the  CEO’s openness and honesty. He tweeted.

Ivan brief tonight and best I’ve heard him. No spin. Just apologies & says knows has to be better. Asks fans to give views to his colleagues

Payton was also interviewed by Sky News and told them

“This is the most difficult time in Arsene’s 16 years and both the club and himself need to change direction quickly if his wonderful era is not to end on a sad note.

“The Arsenal Supporters’ Trust cannot fathom why £70m was left untouched this summer.

“Arsene needs to get over his distaste for spending and use the resources that, after all, are provided by the hard-pressed fans who watch the team.

“The AST believe a shake-up is needed. We would like to see new, younger blood added to the board, and they also need to exercise more control and direction over Arsene’s football strategy.

“One man cannot direct all transfer targets, wages, coaching methods and manage the team at games. It’s too much for one man.”

Pic PA