At the end of the day, I ask you: who is the most successful team in the world? Brazil. What do they play? Good football. Who won everything last year? Barcelona. What do they play? Lovely football. I am not against being pragmatic because to be pragmatic is to make a good pass, not a bad pass. It is as simple as that. When I see Barcelona, to me it is art.

OK, I’m not against that [spending £100m]. If you have the money and you find the one player who can make you win and make the difference, no matter how expensive he is you should do it. But there are not many players in the world who will make a real difference.

I want to go to the end of my job here. I built this team, I want to deliver with this team and I feel if I left I would have in some way betrayed my own beliefs. It is as simple as that. It was nothing to do with what Real Madrid has done. It was about Arsenal. I have a project here that I started three or four years ago and I want to reach the end of it. I could not leave this team at this stage of their development.

Politically, I am for efficiency. Economically first. Until the 1980s the world was divided into two, people were either communist or capitalist. The communist model does not work economically, we all realised that, but the capitalist model in the modern world also looks to be unsustainable. You cannot ignore individual interests, but I believe the world evolves slowly. The last 30 years have brought a minimum amount of money for everybody in the west, the next step, politically, would be a maximum amount of money earned by everybody.

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What is unbelievable is that I am in a position where people reproach me for making a profit. The people who lose money – nobody says a word. Reproach the people who lose money. I do business by managing in a safe way in a healthy way and on top of that you reproach me for making money. It looks like we are in a business where the quality is to lose money.

If I go into a season and I say, ‘For fuck’s sake, if we don’t win anything, they will all leave,’ I have already lost. The problem of the media is always to imagine the worst. The problem of the manager is always to imagine the best.

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Gérard [Houllier's] thoughts on the matter echo mine. He thinks that what the national coaches are doing is like taking the car from his garage without even asking permission. They will then use the car for ten days and abandon it in a field without any petrol left in the tank. We then have to recover it, but it is broken down. Then a month later they will come to take your car again, and for good measure you're expected to be nice about it.