The legendary Gunners boss won three championship titles in his first eight years, but was unable to repeat this feat in his last 14 seasons.
He helped Arsenal move from Highbury to the Emirates and revealed the impact he had on his ability to replenish the squad.
Towards the end of his tenure at Arsenal, part of the fan base turned against the Frenchman and many believed he was overly cautious with the club’s resources.
When asked how he felt with fans singing, “Spend some money,” Wenger told the Ornstein and Chapman podcast that he treated Arsenal’s finances with the necessary caution.
“Look, it wasn’t my money,” he explained. “But I treated the club like it was my money. I didn’t spend it because we didn’t have the money. ”
“It wasn’t hard to understand that building the stadium would cost you £ 220 million to start with and then £ 440 million and then you wouldn’t have the same resources.
“At that time I have the feeling that I brought the club through a very difficult time. We also played great football. ”
Wenger believes that his cleverness over those years enabled his old club to now be able to compete at the top of English football again.
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He added: “The stadium load is gone – the TV money has now increased so much. The debt payment today is very low. At that time, we needed the Champions League to repay the debt.
“I explained that we took money out of football in 2009 because we had to pay for Highbury, the Highbury building. Overall I would say that I left the stadium with a fantastic training center, a fantastic stadium – after Manchester United and Tottenham – the largest stadium in the country.
“The income is there and now we can focus on buying experienced, strong players, what we do. We have invested a lot of money over the past two years. ”
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