Wenger defends transfer policy

Arsenal boss Arsene Wenger has again defended his transfer policy and bringing through young blood, insisting that doing so well help the long-term financial goals of the Gunners.

Wenger said: "I believe that the job of a real manager is to try to be successful with the financial respect of a balanced budget.

"I am proud of the fact that we made £30million profit last season and I will try to make sure we do the same this year.

"People don't seem to understand that spending £50-£60million doesn't make you stable. In fact, it puts you in a financially weak position. Some people say that to win they are prepared to make their club explode.

"Here at Arsenal we have two important strengths.

"We have a very young team, which is also very promising and we have a 21st-century stadium and training facilities. We are also in a strong financial position at the moment."