Premier League
EPL Home
Football League
World Cup 2014
Euro Football Home
Russian Premier
Ligue 1
La Liga
Football Italiano
International Home
World Cup 2010
Euro 2012 Stadiums
Euro 2012
Denmark 2011
AFCON 2013
About Us
Write for us
Contact Us

Arsenal must learn lessons of Rangers' demise, insists chairman

Bookmark and Share

By Andrew Tuft

Thursday 06 September 2012

Arsenal must heed the warning of the implosion of Scottish Premier League side Rangers and not spend beyond their means, the club’s chairman has warned. The Daily Record reports Peter Hill-Wood as saying the Premier League side will live within strict financial parameters.

Hill-Wood said: “Arsene [Wenger] has money to spend but there’s a limit. We can’t spend £50m on one player. We’re not going to go bankrupt in the way one or two other well-known clubs have. The Rangers example is something we have all got to guard against.

Rangers currently find themselves playing in the third tier of Scottish football after the original club effectively collapsed under the weight of debt and administration. A new entity was formed and voted in to the Scottish Third Division, but a number of the club’s big-name players left for nothing.

Hill-Wood added that his stance was not a lack of ambition but rather a prudent way of safeguarding the Gunners, insisting that he believed Arsenal could still challenge for the Premier League title this season. The newspaper however notes that a section of the club’s support were critical of Wenger for not spending more heavily during the transfer window.

Arsenal signed Lukas Podolski, Olivier Giroud and Santi Cazorla, but sold captain and leading goal scorer Robin van Persie to Manchester United and midfielder Alex Song to Barcelona.

See what the expert tipsters at OLBG are tipping on Moldova v England

Related Articles


Chelsea’s Gary Cahill targeting the Champions League next season


Everton manager Roberto Martinez won’t risk Pienaar


The rise and fall (and rise?) of Wayne Rooney's Everton relationship


Manchester United’s Phil Jones ready to return to the first-team


Arsenal’s Jack Wilshere targeting the title next season


The rise and fall (and rise?) of Wayne Rooney's Everton relationship


African billionaire Aliko Dangote interested in buying Arsenal





Email Address *


Please enter code on left.

Terms & Conditions

* A valid email is required to submit a comment. Your email will not be displayed on this or any other website, nor will it be passed to any 3rd parties. For more information please see the terms and conditions.


No Comments have been posted yet





Follow us...




Premier League Football News

ArsenalAston VillaChelseaEvertonFulhamLiverpoolManchester CityManchester UtdNewcastle UtdNorwich City
ReadingQueens Park RangersSouthamptonStoke CitySunderlandSwansea CityTottenham HotspurWest Bromwich AlbionWest HamWigan Athletic






Kick Football News