Emirates chief confident despite dire start to season.
Arsenal chief executive Ivan Gazidis is confident the club can cope financially and still compete for the league title without the boost of Champions League football.
The Gunners lie 15th in the table having endured their worst start to a season in 58 years.
They are regarded as one of the country’s best run clubs and are one of just a few to make a profit.
For 14 stright years they have made the Champions League group stages but are in serious danger of missing out on it this year.
Gazidis insists, while it still remains a priority, it is not a necessity, unlike for other clubs facing huge wage bills and rising debt.
“We would rather qualify for it but (if we didn’t qualify) we have got a really stable model that could not just cope but do well and compete,” Gazidis said
“It would be very foolish to build a business model that relied on being in the Champions League for perpetuity.
“I don’t think any clubs do that, and if they do then they probably aren’t being run as responsibly as they should be.”