Arsene Wenger is adamant that Arsenal can continue to challenge for the Premier League title despite being unable to compete financially with their rivals.
The Gunners have gone seven years without a trophy and last secured the top-flight crown back in 2004.
Big-spending by the likes of Chelsea and Manchester City has hindered the Gunners' efforts, with Wenger favouring a cautious approach in his transfer dealings.
He is not about to change his ways and believes that sticking to the philosophies which have served him well in the past will ensure that Arsenal remain competitive in the pursuit of domestic dominance.
"Firstly, I must say that not being able to match the spending of the richest clubs does not mean that you can't compete with them on the pitch," Wenger told Time Out Hong Kong.
"When I first came to England, this question did not exist. Every club was run within its resources.
"The Chelsea and the Man City are new problems. But with this new financial environment, what has not changed at all is our policy that we will be as ambitious as ever and spend the money that we have available, if possible in an intelligent and wise way.
"We have always spent money because we are ambitious for top-class players and if you look at the history of our last 15 years, we have always had top-class players.
"It does not mean you can't win the title if you can't compete financially."
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