Arsene Wenger believes it would be too easy to blame Arsenal's move to Emirates Stadium for a lack of trophies in the past five seasons - and maintains his young Gunners have not stood still since leaving Highbury.
Arsenal are set to publish their latest financial results, which are again expected to show a healthy profit and massive turnover, boosted by increased revenue from the 60,000-seat venue as well as sales from property development at the Gunners old home.
The Arsenal board have always backed Wenger in the transfer market, with £50 million reportedly at the manager's disposal should he want it.
However, Wenger has long instead opted for developing world-class talent, such as captain Cesc Fabregas, instead of simply buying it in.
That policy, though, has so far failed to deliver silverware since the 2005 FA Cup, with the last league title being the unbeaten campaign of 2003-04.
The Gunners boss, however, insists there has been plenty of progress on the field as well as off it.
"I believe it is never easy to move to a new stadium. The first plan for us was to stay at the top level of competition and we managed that," said Wenger.
"I believe it is a bit simplistic as well to say that we have no trophies, like the club has not existed in the last five years.
"If you look at the index of Uefa, we are in the top eight seeded clubs.
"We have been in the Champions League semi-final and final during that period and we have always managed to play at the top."