Bayern Munich coach Carlo Ancelotti believes that Arsenal and Manchester United’s American owners are more interested in making money than winning silverware.

The Glazer family, which owns Manchester United, and Stan Kroenke and his Kroenke Sports Enterprises company, the majority shareholders at Arsenal, have both come in for prolonged criticism from supporters for their reluctance to invest in the respective playing staffs of the two clubs.

Ancelotti, who won the Double during his time in charge of Chelsea, and who has also won major trophies with Milan, Real Madrid and Paris Saint-Germain, believes the American owners are less demanding when it comes to success on the pitch.

“I was fortunate to be able to coach Real Madrid, although then the club decided to change managers,” Ancelotti told AS.

“That is part of the job, we are exposed to that. In the big clubs it is difficult to stay a long time because the expectations of results are so high.

“It’s true that there are other clubs like Manchester United, where [Alex] Ferguson was there many years, and now Wenger at Arsenal. These cases are different, as their owners are from the U.S. and they are more interested in the financial aspect than in who is coach.”

Ancelotti made similar criticism of United and Arsenal’s ownership in May, when he said that they were “not so passionate” when compared to the likes of Florentino Perez of Real Madrid and Milan owner Silvio Berlusconi.