Arsenal boss Arsene Wenger has again defended his reluctance to enter the transfer market, insisting his young squad already possesses enough quality to compete.
The Gunners revealed record profits on Monday, with their turnover of £313.3 million the largest ever recorded by a British football club.
But despite a potential transfer war chest of nearly £80 million available to Wenger, the Frenchman revealed he is perfectly happy with his current crop of players.
"There is money to spend but at the moment I am very happy with the squad I have," Wenger said. "It's not because I'm against spending money; I have nothing against spending money. It is not a personal thing, it is just that I have a squad that is strong enough to compete."
Wenger has developed a reputation for sticking with youth when other clubs may splash out on an established player, but the Arsenal boss, who on Thursday will become the Gunners' longest serving manager of all time, insisted he will only dip into the transfer market if it is absolutely necessary.
"I am very happy with the squad I have," Wenger said. "If in December we need to buy someone to add to the squad, I will do it."
The Arsenal boss was keen to point out that Andrei Arshavin and Thomas Vermaelen were brought in for larger transfer fees only because he felt they represented value for money, and said that bringing in big-name signings would only serve to swell the wage bill and unsettle existing players.
"I do not spend money because out of tomorrow's squad is [Samir] Nasri, [Theo] Walcott, [Nicklas] Bendtner. And people want me to buy strikers, but where do I put them? I don't know. I have to then lose players who, for me, are world class."