Arsenal owner Stan Kroenke: We will not compete with Chelsea and Man City for trophies

ARSENAL majority shareholder Stan Kroenke has admitted the Gunners will find it hard to win trophies with him at the helm.

Arsene Wenger’s side are facing another season without a trophy unless they can close the eight point gap to Premier League leaders Leicester.

And Kroenke who has been criticised by many Arsenal fans believes mass spending is not the answer, according to the Evening Standard.
He said: “For me, being an individual owner, I have to have some sort of reality involved.
“If you want to win championships then you would never get involved. I think the best owners in sports are the guys that sort of watch both sides a bit.
“If you don't have a good business then you can't really afford to go out and get the best players unless you just want to rely on other sources of income.
“Over there [in the Premier League] it was sort of like 'well, we've got guys from the Middle East, the oil price is over $100, they can spend anything they want'.
“But the problem I saw with all of that; those people can lose interest.
“It doesn't mean that they will, but I sort of threw that out there: 'What happens when the Middle Eastern family, this thing's costing a lot of money and they decide to go home?'

“I said what really happens in those situations is the fans get hurt because the players get picked up and paid if they're good, the front office gets other jobs.”
Arsenal spent just £10m last summer on swooping for Petr Cech from Chelsea while City spent nearly £150m on new players including Raheem Sterling.
Kroenke’s comments are likely to cause more outrage among Gunners fans after their FA Cup exit at the hands of Watford yesterday.