At that point in Arsenal's development players like Holding were 'our level'. We were hoping to get Top 4 and being in a title race was a shock. We were lucky that we had a young Saliba return from loan and turning out unexpectedly to be a baller but really we were very surprised to be where we were in the table (to coin the City phrase 'we're not really here'). We had signed Jesus and Zinchenko but it's not as if we'd signed KDB and Foden - it was City cast-offs.Nobody forced you to sign Holding or any other players. Stop making excuses
It was only then that Kroenke Jr took over the reigns more with the remit of making Arsenal a force, buoyed by Champions League money. We signed Rice and it all stepped up from there in terms of trying to transform the club into regular 'expected' challengers instead of surprise packages.