The building of a new stadium and a slump in fortunes on the football pitch have been linked by Arsenal manager Arsene Wenger.
The Frenchman, whose club have not won a major trophy since they moved to their new Ashburton Grove ground, has pointed out that a number of clubs have faced relegation after building a new ground.
“Arsenal will be more successful by building a new stadium, but it is not easy to build a new stadium and remain where you are,” said Mr Wenger.
“Look at all the clubs who have built new stadiums and where they are now: Derby County; Leicester City; Coventry City; Southampton. They all went down,” he said.
The London-based football club currently owes £400M, much of which is the mortgage for their new stadium, sponsored by Emirates.
However, Wenger has helped the club`s finances in recent times by limiting spending in the transfer market, selling assets such as Emmanuel Adebayor and Kolo Toure to big spending Manchester City during the summer.