Arsenal chief Ivan Gazidis has dismissed claims their lack of silverware marks the club a failure.
Despite the present malaise, Gazidis insists the trophyless period should still be considered something of a success given the club's regular position in the top four and participation in the Champions League.
"When we look at Arsenal over the last six years that we haven't won a trophy, many people will say that is a total failure," said Gazidis.
"I understand that, I accept it and I embrace it because in a sense it shows where we are as a club, which is right at the top of the game.
"But at the same time, I cannot accept it's a total failure because actually we have been incredibly consistent over a long period of time - along with Manchester United and Real Madrid, the most consistent of clubs in Europe. We haven't achieved what we want to achieve and we need to adjust, not our fundamental strategy, but I am not sure that chasing after the same players as Manchester City or United would be sustainable or necessarily successful but we are adjusting tactics.
"You have seen that in this transfer window with the introduction of more experienced players, still aligned with youth development that we hope will deliver the level of success that our fans demand."
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