Arsenal boss Arsene Wenger says fans should be pleased with the club's latest round of pre-tax profit figures.

"These figures prove the club is well managed and we are responsible people in a business which is not always very responsible," Wenger told Arsenal TV Online.

"That deserves double credit for me because when your environment is destabilising, to keep your line of conduct is always a good sign of strength and shows as well that the club has responsible people making the decisions.

The Arsenal manager added: "You would like that your business does not depend too much on outside income and lives with your own resources, which depends on the quality of the games the first team plays. That is what we try to achieve.

"Unless you have an exceptional situation like you do at Chelsea, and now also Manchester City, football is highly dependent on the economic environment and on the world economic situation because a third of the income comes from the media, which relies upon adverts."