They may have last won the English Premier League title exactly a decade ago, but Arsenal legend Freddie Ljungberg — who was part of the 'Invincibles' Gunners side that won the 2003-04 EPL title without losing a match in the season — believes the Londoners are capable of clinching the coveted trophy this season having tided over their financial constraints.


Arsenal's Freddie Ljungberg celebrates after scoring against Charlton Athletic in January 2005. Pic/Getty Images

"I believe Arsenal have a good chance of winning the league this season. To win the league you need to have the best players in the world. Due to financial restraints, we could not do that over the last few years. But now that we are out of it and (have) made some very good signings, we stand a chance. I hope the team goes all the way," Ljungberg, who is currently an ambassador for the club, told mid-day yesterday.