Why Arsenal Are the Best-Run Club in the Premier League
Arsenal fans haven't had too much to celebrate in recent years.
The club have failed to win a trophy in any one of the past nine seasons. However, there is still much for Arsenal fans to be proud of.
Their club is the envy of supporters across the land. Indeed, they are arguably the best-run club in the entire Premier League.
Continue to the next slide to find out why.
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A host of other Premier League clubs crave the stability that Arsenal take for granted.
Arsene Wenger has been at the helm for more than 16 years, and during that period he has become synonymous with Arsenal Football Club.
Even when Arsenal were taken over by American Stan Kroenke in 2010, they retained the board of custodians who had seen them through the difficult move to the Emirates Stadium. Peter Hill-Wood has been chairman since 1982, following in the footsteps of his father, Denis Hill-Wood.
There is no club in the Premier League that can match Arsenal's extraordinary stability.
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Part of the reason that Arsenal have had such stability in the managerial position is that they've granted Arsene Wenger his all-important request for absolute power.
Like Sir Alex Ferguson at Manchester United, Arsene Wenger is granted power over all football affairs at the club. From youth development all the way up to the first team, Wenger is allowed to micro-manage without interference.
This policy has allowed the Frenchman to build a club in his image and makes him the envy of many other Premier League managers.
The Emirates Stadium
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Is there a more magnificent sight in English football than the Emirates Stadium when lit up at night?
The fact that Arsenal managed to construct this football cathedral without bankrupting the club is testament to the remarkable work of their board of directors. It is testament too to the vision and patience of Arsene Wenger, who was willing to sacrifice personal glory to help steer the club through a period of prudence.
The tribute that stands is a steel structure of real beauty. Old Trafford might hold more, but it can't match the Emirates for sheer aesthetic magnificence.
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Arsenal are in robust financial health.
Their most recent financial results reported cash reserves of more than £123 million and a profit of £17.8 million. In November of 2012 the club renewed their naming rights deal with Emirates for a staggering £150 million, and there is also a new kit deal on the horizon.
Arsenal fans' only qualm is that they'd like to see more of that cash invested on the pitch. The bumper contract handed to Theo Walcott is a sign that Arsenal are more prepared than ever to flex their financial muscle.
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In the modern Premier League, clubs like Newcastle are often lauded for unearthing gems at a bargain price. Arsenal have been doing that for almost two decades.
Who had heard of Laurent Koscielny before Arsene Wenger plucked the French defender from Lorient? Who knew of the exploits of Bacary Sagna at Auxerre?
Arsenal don't have the unlimited budget of a Manchester City or a Chelsea, so they need to operate intelligently in the transfer market. Their extensive scouting network and smart negotiating means they never overpay for a player.
They're prepared to be tough when required, as when they prised Santi Cazorla from the clutches of a debt-ridden Malaga.
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Although Arsenal fans are unhappy about their long wait for a trophy, in relative terms they are still a successful club.
They have not missed out on Champions League qualification for more than 15 years and look capable of repeating that feat again this season.
With such an impressive infrastructure in place, it is surely only a matter of time until Arsenal are challenging for major honours once again.