Arsenal manager Arsene Wenger insists the club can still challenge for the Premier League title, despite being unable to compete financially with their rivals.
Wenger has seen his Arsenal side go seven years without winning any silverware, and the Gunners last won the Premiership in 2004.
While the likes of Chelsea and current champions Manchester City have spent big in the transfer market over the past few years, Wenger has favoured a cautious approach when it comes to making new signings.
However, the Frenchman insists he will not change his methods.
"Not being able to match the spending of the richest clubs does not mean that you can't compete with them on the pitch," Wenger told Time Out Hong Kong.
"When I first came to England, this question did not exist. Every club was run within its resources.
"The Chelsea and the Man City are new problems. But with this new financial environment, what has not changed at all is our policy that we will be as ambitious as ever and spend the money that we have available, if possible in an intelligent and wise way.
"We have always spent money because we are ambitious for top-class players and if you look at the history of our last 15 years, we have always had top-class players.
"It does not mean you can't win the title if you can't compete financially."