Arsenal manager Arsene Wenger insists investment in players does not always equate into success on the pitch as he considers how to turn his side into Premier League contenders.
The Gunners' parent holding company announced half-yearly figures earlier in the week which revealed a profit of £17.8m generated by player sales and cash reserves of £123million.
That has put further pressure on Wenger to invest heavily in the transfer market come the summer, with the signing of Spain international full-back Nacho Monreal for £8.5m on January transfer deadline day his only capture in the most recent transfer window.
But Wenger remains cautious of spending for the sake of it, pointing to the example of big-spending Chelsea, who could only finish sixth in the top-flight last season.
"There is only one trophy and that is the championship. The real value of the team is where you finish in the championship," he said.
"Let's see where we finish and then let's see how we can strengthen the team.
"If it was just sorted out by the numbers, you would always have Chelsea or Manchester City champions every year. Chelsea finished sixth last year, and that is the real value of the team for me.
"What is important now is to see where we finish and after that strengthen the team and come back and fight for the championship.
"I think we have the basis. If you are really interested in deep analysis of the team's potential, I can sit down with you and show you why we have the potential to do it and then we can have another discussion again."