Chief executive Ivan Gazidis has made the bullish
suggestion that Arsenal have been “the most consistently over-performing” big
club of recent years.
Speaking at Thursday’s hostile annual general meeting, Gazidis often took
a more direct approach than usual and, in acknowledging Arsenal’s need to
improve, also launched a staunch defence of the club’s transfer policy
“There is one very accurate and objective way to assess how well
and how consistently clubs perform in this area of transfers over time,” he
said. “This method is accurate enough to be the industry standard way to
analyse. It is very simply to compare team performance by a series of objective
metrics, usually league position or points, against expenditure on transfers.
“No club has a perfect record
every year under this scrutiny but Arsenal has probably been, of the big clubs
certainly, the most consistently over-performing team over time. That is,
despite the criticism we get and the emotion here in the room, and despite some
very loud subjective narratives and a great deal of inaccurate information. On
an objective basis, we perform very well and have over a long period of time.
However, I agree completely that we have to find ways to perform better.
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