As an Arsenal fan have to say i'm happy with the job Wenger does, We have perhaps 2 or 3 years left till we are debt free so as long as we win a trophy in that time even if it is the mickey mouse cup i'll be happy. And that we continue to qualify for the champions league.
I think we are starting to see a changing ofthe guard in terms of the big 4. It was Man U, Arsenal, Chelsea and Liverpool. Get a feeling that if Man U don't spend (and replace giggs, scholes, neville and van der sar with world class players next year they will struggle) That's £60m that needs to be spent to replace that talent. depends it the glaziers will invest.
Can see the New Big 4 being City, Chelsea, Arsenal and Spuds. It is the investment into City and Chelsea that has stopped Arsenal dominating winning trophies and perhaps dominating with United for the past 5 years.
I'm just happy that we have achieved our success without a sugar daddy (and i'm sure you'd all prefer that City achieved the success their having now without he Sheik's help). 3 years time we will be debt free and able to spend £20-30M a season if needs be and still turn over a decent profit.
It's not a 'fiasco' for Wenger it's common sense a club that lives beyond its' means will end up like Leeds, Portsmouth and now Liverpool. Wenger runs the club as a business as well as a football team. I think his long term vision was to make us debt free and banking a decent profit from year to year with a pot to spend large amounts if we then needed to. Problem is that these billionaires have come into the sport and taking the advantage that Wenger was forseeing.