Dick Law has revealed that Arsenal missed out on the signings of Thibaut Courtois and Eden Hazard due to the club’s unwillingness to ‘make mistakes’.
Law worked as a mediator for the Gunners for 13 years, ultimately leaving the club in February 2018.
In an interview with Goal, the former ‘transfer fixer’ spoke in detail about the challenges of recruiting for the north London side between 2005 and 2013.
The club were posting record profits due to player sales, increased gates and additional TV revenue and while Arsenal had the funds to complete big deals, their unwillingness to take big risks saw them miss out on big targets.
He said: He said: “It was very difficult.
“Our closest competitor other than Chelsea was Manchester United and they had enough free cash that they could afford to make mistakes.
“We always felt that we didn’t have the option to make a mistake because a £10m-£20m mistake would be a serious one for the club.
“Where United would take risks on players, we just didn’t have that luxury. We didn’t think it was prudent to take those risks.”
Law added: “We had the financial muscle, but the risk reward calculation wasn’t clear.
“Spending a lot of money on a player that didn’t work out would have really put the club in some financial straits.
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“Did we miss out on talents? Certainly. I remember sitting in meetings with Steve, Ivan and Arsene and gnashing our teeth over Thibaut Courtois. We knew he was good.
“Eden Hazard as well, we wanted to do that deal. But there was a sense of responsibility and running the club prudently, all the time knowing that every £1 we spent we had to act as if it was our money. It was very, very difficult.”