Arsenal’s chief executive Vinai Venkatesham believes the club has formed a promising transfer strategy to become a force in England and Europe.

After spending a club record of £145 million in the previous transfer window, Venkatesham has described the work as a ‘scouring’ strategy of Europe’s exciting talent.

The club signed Nuno Tavares, Ben White, Sambi Lokonga, Martin Odegaard, Aaron Ramsdale and Takehiro Tomiyasu – all of whom are 23 years of age or younger.

In the long statement, Venkatesham concedes that the club has had a bad start to the season, but remaining positive is the key factor, as the new signings reflect the club’s ambition to achieve better results compared to last season.

Full Statement:

“Of course, I write this update against the backdrop of a hugely disappointing start to the season. I know how tough this is for all of you, both as supporters and employees, with criticism coming from all angles.

“At times like this it is critical we stick together and stay positive. We have a very important run of games coming up after the international break and I’m confident we can and will come out fighting.”

“Our approach for this window was framed by fully recognising that we are not where we want to be on the pitch – finishing eighth last season, with no European football for the first time in many years.

“This is well below the standards each of us all have, and of course that our fans rightly demand of us, which is to be competing for the biggest trophies in the game.

“While we would love to jump from where we are to where we want to be in an instant, we need to be realistic that the gap is too large to do that. As such, our activity this window has been focused on youth.

“Our strategy is to fill our squad with some of Europe’s most exciting young talent, with players from both our academy and further afield, that can grow and develop together under Mikel to take us where we want to get to.

“While this will not be overnight, we can make positive progress, and it gives us the best route to future success in a sustainable way.

“Although covid and no European football bring financial challenges, our owners, Stan and Josh Kroenke, have sanctioned very significant investment this transfer window in support of our strategy.

“This has included signing Nuno Tavares (21), Ben White (23), Sambi Lokonga (21), Martin Odegaard (22), Aaron Ramsdale (23) and Takehiro Tomiyasu (22), as well as renewing deals with Emile Smith-Rowe (21) and Kieran Tierney (24). All of these players are signed on long-term contracts,” the note concluded.

Meanwhile, Arsenal will resume Premier League action after the FIFA break against Norwich at the Emirates Stadium.

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