By ESPNSTAR.com staff
The Gunners' failure to win a single trophy in the last seven years has seen both Wenger and the club hierarchy come under immense pressure from the fans, with many accusing the club of being more interested in earning a profit than challenging for honours.
Much of the ire has been directed at Wenger, whose notorious reluctance to splash the cash on marquee signings is pinpointed by many as the reason for Arsenal's trophy drought.
However, Gazidis has recently come out to defend Wenger's spending policy and praised the French manager for ably managing the clubs' finances whilst maintaining a competitive edge to the team.
Speaking in an interview with BBC Five Live, Gazidis said: "I don't think Arsene is conservative.
"I think he is extraordinarily brave. I think he does things others don't do and sees things others don't see.
"Arsene is not fixed on the price of a player in assessing a player's value - he will look with equal weight at a young player who is coming through the Arsenal academy and a player that might be available with a very hefty price tag from overseas.
"He is not afraid to spend money when he believes in a player and sees a player he thinks can kick us forward but he is not obsessed with the security that a big transfer fee might give him."
Nevertheless, Gazidis acknowledges winning trophies is the measure of how successful a club is and has once again asserted his belief that the club would once again reach the summit of English football.
"I think the time when we have to continue to ask them (Arsenal supporters) for patience is coming to an end," Gazidis added.
"I think we will be able to deliver the kind of success they want on a consistent basis going forward as one of the leading clubs in Europe."
The UEFA's Financial Fair Play plan has also received Gazidis' approval, who claimed that Arsenal had provided other sides an ideal example of a responsible way to run a football club.
"Arsenal were operating this way a long time before football looked at it and decided it would be a good path for football to move into," Gazidis said.
"The Premier League owners are coming together.
"I think there is a developing consensus around the fact we need some form of tighter financial regulations to make sure as we look forward that the interest of the Premier League, its clubs and the fans are well protected."
Arsenal recently posted a healthy pre-tax profit and it is believed the club's healthy finances have provided Wenger with an estimated £35 million to spend during the transfer window.