I'm severely confused by that article.
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It looks like it was knocked up by some journalist in haste without really sitting down and thinking about the reality of the situation, just trying to be sensationalist.
For Arsenal, it says only 6 homegrown over-21s meaning they can only name a squad of 23 senior players. Yet whether they are over-21 is totally irrelevant, you can still be a 'senior' player in terms of being a member of the first team squad at an age under 21, and you can still be homegrown, at an age under-21 (Wilshere, Ramsey, Gibbs, Clichy, Eastmond.... the list is endless)
Here's my squad of 25 for Arsenal:
Almunia
Fabianski
*Mannone
Vermaelen
Koscielny
Sagna
*Clichy
*Djourou
*Gibbs
*Eastmond
Eboue
Arshavin
*Fabregas
Nasri
Rosicky
*Song
*Ramsey
*Wilshere
Diaby
*Denilson
*Walcott
*Bendtner
Chamakh
Van Persie
*Vela
* = homegrown
Now bear in mind, I literally didn't even have to think to get 8 home grown players (over half my squad is homegrown) and a total of 25, no faffing about looking for some extreme reserve players, it just fell into place, all players who were used last season (or new signings obviously). As far as I can see, this new ruling has absolutely ZERO impact on Arsenal's squad from a home-grown perspective (obviously there is the limit of 25, meaning no room for Traore and other promising youngsters like Simpson, Lansbury, Sczenzny etc, but that's to be expected, most clubs have over 25 players) ?!?!?!?