Arsenal chief executive Ivan Gazidis insists boss Arsene Wenger will have a war chest to spend in the close season. The Gunners boss has received criticism in the past for his preference to bring players through the youth system rather than spend big money on proven talent.
However, after announcing a £35.2 million total profit from the football and business sides of the club, Gazidis has confirmed Wenger will have substantial transfer funds to spend and wants the club to start delivering success on the pitch.
"It's a good set of results for the club," Gazidis told the Islington Gazette.
"We have delivered a profit before tax of £35million for the first half of the year.
"But it's important to note that this isn't our primary objective. The reason we run a responsible, profitable and self-sustaining business is so that we can deliver success to the club and invest in the club and ultimately deliver success on the pitch, something that our fans can be proud of. That's what we're after.
"So while we're satisfied with the results, that's not the end objective."
Arsenal have tied a number of players down to long-term deals in recent months and Gazidis believes that will benefit the club in the future.
He added: "We've actually been investing quite significantly in the existing playing squad - we've signed 17 existing players to new, long-term contracts since the end of last season. While that goes under the radar screen, it's a very significant investment.
"We have the youngest squad in the Premier League and tying down those players to long-term contracts ensures the stability and security of our playing squad going forward.
"On top of that, we have money available to invest in the transfer market when we can identify the right players to add into the mix that add something to the squad. So we're in a healthy position."
