The Future Is Bright For Arsenal Football Club

Andrew Ewing@@ArshavinalaughContributor IMarch 2, 2010

ATHENS, GREECE - DECEMBER 09:  Arsene Wenger the Arsenal Manager looks on before the start of the UEFA Champions League Group H match between Olympiakos and Arsenal at the Georgios Karaiskakis Stadium on December 9, 2009 in Athens, Greece.  (Photo by Richard Heathcote/Getty Images)
Richard Heathcote/Getty Images

Arsenal chief executive Ivan Gazidis has explained that Arsene Wenger is key to the prolonged success of the club.

Everyone involved with Arsenal Football Club can be optimistic about what the future holds.

Arsenal have just announced half-yearly profits of £35.2 million, have overtaken Chelsea in the 'rich list' of European clubs, and have a great chance of winning the Premier League this season.

Gazidis hopes that Wenger remains at the club for the foreseeable future.

"I think it is very difficult to encapsulate in any succinct way what Arsene Wenger has done for this club," Gazidis told the Telegraph.

Wenger's contract with the club expires next year and it will surely be renewed.

After all, Wenger is building for the future. It's his team. That's why, since the end of last season, the club has extended the contract of 17 players. Wenger believes in this talented crop of young players.

Wenger has a vision. We have already seen how he thinks the beautiful game should be played and without him the club may never have moved to the Emirates Stadium.

The clubs overall debt has fallen below £190 million which Gazidis describes as "healthy debt."

"It's long term, low rates, very affordable for the club, and it's effectively a mortgage on our stadium which generates revenue for the club," Gazidis told Arsenal TV Online.

Arsenal are a club with tradition, sentiment, and heritage but much has been said about the possible takeover of the club.

Stan Kroenke, an American sports tycoon, is just 17 shares short of the 30 percent threshold required for a full takeover bid.

"Shareholders are likely to be people that subscribe to our model and Stan Kroenke obviously does.

"He believes that the manager should be in charge of what happens on the pitch and his role is to support the manager - not to make a big fuss about his involvement," says Gazidis.

This suggests that, if Kroenke did assume control of Arsenal, he would not interfere with Arsene Wenger and how the club is currently run.

Hopefully positive financial results can lead to positive results on the field where Arsenal have yet to land a trophy since the FA Cup in 2005.

The future for Arsenal Football Club is going to be very interesting.