Arsenal director Danny Fiszman has reaffirmed the board's stance that they do not need a wealthy benefactor to boost the club's finances.

He said: "We don't believe in the benefactor model. It is not a question of a one-time infusion of cash to buy a player. You actually then have salaries that are connected to the players. What if they don't work out? Do you go and buy another two or three players? Is there any end to it? So I think everybody, including Chelsea, knows there are limits."