Arsenal can produce the investments required to compete \if they spend more time according to managing director Vinai Venkatesham.
The Gunners have missed out \together with head trainer Unai Emery, in the previous two seasons.
While fans may fear that the financial impact of missing for a third year running can result in Arsenal being cut adrift in the very best clubs in home and on the continent,” Venkatesham believes the club version can sustain an extended time out of the Champions League before that becomes a concern.
“We have a home-based company model in order that the more years you spend from their Champions League, the bigger strain it puts on the company model,” he added.
“There’s not a final stage we get to where it becomes a catastrophic issue and we are nowhere near that.
“We conduct the business in a responsible way – we know there are six teams who have a minimum requirement of being in the Champions League.
“So we now have that robustness built in our enterprise model that we can have a few seasons at the Europa League and still make the investments we ever all want.”
Where fans would like to be, while competing in the Champions League is, it also makes it a lot easier to entice new signings and results in more cash coming into the club coffers\.
Venkatesham stepped up to become Arsenal’s managing director following Ivan Gazidis’ choice to depart his role in chief executive and proceed to a position at AC Milan.
He admits being in the club is being cost thousands of pounds by the Europa League concerning revenue but that there is no urgent need to recoup those lost money\.
“It isn’t going to be simple but I absolutely, 100 per cent think Arsenal Football Club will get back to where it needs to get,” said Venkatesham.
“The first step we need to do is get back into the Champions League and then we have to start competing then we will need to begin winning the biggest trophies in the game.
“We need to be realistic, last year we finished sixth and we had our next season in a row at the Europa League – that is not where we want this soccer club to become.
B’mouth vs Arsenal
12:30 pm, november 25, 2018
“I believe it’s an impact across the club – it is a material effect, financially, being at the Europa League and not the Champions League.
“it’s tough to place a number on it as it depends upon how well you do in the Europa League and how long you do at the Champions League and it is dependent upon how many English clubs are at both.
“However, it’s thousands of pounds, it is a material impact being from the Europa League – so that is the monetary bit of it”
Arsenal reached the Europa League semi-final under Arsene Wenger last year and Emery has guided them to progress this season around.
Winning the championship would signify a return to the Champions League, as could a complete in three years.