Wenger ahead of Arsenal protests: “Banks demanded I signed for five years”

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Arsene Wenger has a message for Arsenal fans ahead of widespread protests planned from the home fans at the Emirates Stadium on Saturday as they face Norwich City (Watch live, 12:30 p.m. ET on NBC and online via Live Extra).

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After 20 years in charge Wenger, 66, wants to remind Gunners fans of his commitment to their future as it is claimed he turned down Manchester City, Real Madrid and Barcelona in order to safeguard the future of Arsenal.

He believes the current criticism of him and his team is unjust, despite Arsenal not winning a Premier League title in 12 years and seeing their title dreams turn into a top four scramble in the closing months of this season with Tottenham and Leicester City above them.

In regards to Arsenal’s move to the Emirates Stadium and the complicated financial deal to get it over the line, Wenger had the following to say to the media (courtesy of the Guardian) ahead of what promises to be a difficult day for him.

“When we built the stadium the banks demanded I signed for five years,” Wenger said. “I did it. Do you want me to tell you how many clubs I turned down during that period? I have shown I am committed.

“The banks wanted the technical consistency to guarantee we had a chance to pay back [the loan],” Wenger added. “I did commit and I stayed, under very difficult circumstances. So for me to find [his critics] are reproaching me for not winning the championship during that period I think is a bit overboard. I accept criticism but I think that it is a bit too far.

“When we built the stadium, we knew we’d have five to seven difficult financial years where we had to pay the money back: we had to be three years in the Champions League out of five and have an average of 54,000 people [to meet costs], and we didn’t know we would be capable of that. We had to sell our best players every year to survive but we didn’t do three years out of five in the Champions League. We did five out of five. Now the club is in a stronger position and we can compete again with our main opponents.”

Arsenal fans, do you agree with Wenger on this?

Many aren’t disputing the fact that Wenger has his hands tied as the likes of Robin Van Persie, Thierry Henry and Cesc Fabregas moved on to help finance the move to the Emirates, but they want success. They’ve had over a decade of hearing Wenger talk about how finances have dictated that the team can’t compete for trophies. They showed their disdain last week by staying away in their thousands from the 2-0 win over West Brom. 

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The protests on Saturday will be against Wenger, but only because he’s a focal point of the club. The main criticism will go against Arsenal’s board and majority shareholder Stan Kroenke for failing to invest heavily in the squad and make any managerial change which is needed.

Arsenal seem highly likely to finish in the top four for the 19th-straight season and qualify for the UEFA Champions League. That achievement under Wenger should not be understated, especially as we see giants like Chelsea, Manchester United and Liverpool struggling to finish in the top four in recent seasons.

The biggest issue is, even if Wenger was to move on this summer, who is a a better option than him right now? Maybe that’s the biggest point of contention for Arsenal fans. They are stick between a rock and a hard place.