We will not be selling players, says Arsenal chairman

ArsenalÂ’s Chairman Peter Hill-Wood has said that the club will not be selling any of its superstars in an effort to balance the books.

Currently they are in debt to the tune of just over ₤300 million.

There has been speculation that there may be takeover bids in an effort to reduce the debt. Ulisher Asimov, the Uzbeki billionaire has been linked in recent times with a likely takeover.

Peter Hill-Wood also stated that manager Arsene Wenger has never been a big spender and turned down players such as Xabi Alonso and Gareth Barry because they were too expensive but rather opted for a modest ₤12 million purchase of Samir Nasri from Olympique de Marseilles.