The club have only made one big signing, Gervinho, and look set to lose Cesc Fabregas to Barcelona.
“Financially, we’re in a strong position. We have resources to spend. We’re certainly not sitting there saying ‘Let’s hold back on our resources for some reason.’ Why would we? The resources are there,” said Gazidis.
“They’re not there to compete with the Manchester Citys of this world and, frankly, if they were, Manchester City would just increase their bids again. You’re just never going to be able to compete with limitless amounts of money but we’ve got a substantial amount of money that we can invest.”