Arsenal chairman Peter Hill-Wood has slammed Manchester City's decision to pay £32.5 million for former Real Madrid attacker Robinho.

But Hill-Wood admitted the Gunners would consider selling up if a "financially irresistible" offer was made for the club after the Abu Dhabi United Group's £210m takeover of City.

He said: "I think it is crazy. It is difficult to assess because some of them have got a lot of money and buying Manchester City is not a big deal.

"If someone made a bid, which our advisers said was financially irresistible, we'd have to put it to the shareholders."