Wenger also believes the eventual implementation of Financial Fair Play can have a positive impact on both Arsenal and the league as a whole.
"We need first to see how effectively financial fair play can be enforced before we can fully understand the impact but I believe it will make for a more exciting Premier League," Wenger said.
"If that is possible again it will be even more interesting.
"If the rules are well introduced, it will be a massive advantage to Arsenal Football Club, of course, and we will be well positioned for that.
"I don't want to go into excuses but you want a business to be run properly and I believe that to lose £150million a year, you don't deserve a lot of credit to win a competition.
"I think that it is right that you balance your books - to accept the one basic principle for every company - and that's that you can spend the money which you make.
"That principle just seems to be a common sense and logical one."