Arsenal will still invest in their squad even if they remain in the Europa League, the club's manager director Vinai Venkatesham has confirmed.

The Gunners have enjoyed an impressive start to the 2018/19 campaign as they look for a return to the top-four.

But Venkatesham says the club are not dependent on Champions League to invest in the playing squad.

"We do have a self-sustaining business model so the more years you spend out of the Champions League, the bigger strain it puts on the business model," he said.

"There's not a final point we get to where it becomes a catastrophic problem and we are nowhere near that.

"We run the business in a responsible way - we know there are at least six teams who have a minimum requirement of being in the Champions League.

"So we have that robustness built into our business model that we can have some seasons in the Europa League and still make the investments we need."