Wenger fears financial elites

Benfica defender Luisao is seen during a training session in Seixal on Tuesday.Photo: Reuters

Arsene Wenger has spoken of his fear that Arsenal are being left behind by a financially elite cartel led by Barcelona and Real Madrid. Arsenal's manager also name-checked Chelsea and Manchester City as part of a group of clubs whose spending power has separated them from the rest of Europe's sides.
The Frenchman foresees an economic meltdown across Europe and he said that it may be the only thing to rein in Barcelona and Real, who have benefited greatly from being able to negotiate individual television rights contracts in Spain. The Premier League has always had a collective agreement.
"I believe that this season, I see two teams that are above the rest Real Madrid and Barcelona and the rest have to catch up during the season," Wenger said. "So for us, it's a new start because we are a new squad. What is at stake during the group stage for us is to show that we can go through.
"We are in our 14th season in the Champions League group phase and what has changed is that the competition inside England has become bigger among the top teams.
"It is as difficult to win the Champions League because a team that wins the Premier League is in the Champions League final almost every year.
"Outside the country, Barça and Real Madrid have much more financial power than they had 14 years ago because they have individualised their TV rights. So they, at the moment, with teams like Man City and Chelsea can take who they want."
Wenger was asked directly about the emergence of a clutch of clubs with financial might that outstrips the rest, and the attendant difficulties for a club such as Arsenal. "You know about it, I don't need to explain that," he replied. "We have seen the first signs of some resistance in Spain, where everybody complains.
"I believe that Europe overall, as a unit, is going towards a massive crisis, which nobody really expects now. I am convinced that Europe will go into a huge financial crisis within the next three weeks or three months and maybe that will put everything into perspective again."