Arsenal will stick to self-financing model, says club chairman


Soccer Football - Premier League - Arsenal vs Liverpool - Emirates Stadium, London, Britain - December 22, 2017 General view of a corner flag before the match. Action Images via Reuters/John Sibley

(Reuters) - Arsenal will continue to pursue a policy of being self-financing as they battle "super-heated" transfer fees, wages and agent payments, chairman Chips Keswick said on Wednesday.

Keswick was commenting on the club's latest financial results that showed a 23.4 million pounds ($32.24 million) drop in turnover after Arsenal failed to qualify for the Champions League for the first time in 20 years.

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