ARSENAL RUNNING OUT OF MONEY

Last updated : 27 March 2003 By Editor
Arsenal chairman Peter Hill-Wood has told Arsenal stars to
‘get real’ and lower their wage demands. In an interview
with the Daily Express he said:

"Players generally will have to get real. They have to
realise that wages are no longer going to move out of
control. It is possible that players like Vieira and Pires
will leave, unless they face facts."

With a move to a new £300m stadium coming up, Arsenal are
not willing to increase wages anymore:

"We cannot possible sanction a massive increase in the wage
bill. It has been steadily increasing, but in recent years
it has escalated by 25 to 20%. That is no longer
sustainable.

"The wage bill will have to be more in line with inflation,
and that's how it should be."

And as much as they want to keep their players, Hill-Wood
claims that he will not budge:

"We want them to sign new deals, but there is a limit to how
much can offer them - and that's it."