This is something I've wondered for a while and something similar applied to Utd over the last few years. If you're Kroenke, you have no genuine sporting interest in Arsenal, would you allow the club to spend £60-100m in the hope that they can take the next step and seriously challenge for titles? Or would you would sit back and spend little to nothing, knowing you'll make the top 4?
From a financial point of view it's madness for him to spend. You could throw £100m at Arsenal and because of the competition you face, you still might not win the League. And for him/Arsenal to see a return on his/their investment (over and above what they're already earning), Arsenal are going need to seriously establish themselves as a mega club in Europe which'll take years and massive money.
The risk reward ratio for a club like Arsenal is too high when you're owned by somebody like Kroenke. I hope Liverpool never end up in a similar situation.
If Everton manage to get in the CL with a 65-70mil wage spend, then wtf are Arsenal doing with a 160mil wage spend?
Regardless of extra money the owners may want to put in, the money currently spent could be spent WAY better.
We just gave Ramsey, scoring Cardiff(2), Swansea, Norwich, Stoke, Sunderland(2) and Liverpool.... in his first genuinely good 3 month spell ever at Arsenal after years and we throw 100k a week at him? Scoring a bit against some terrible sides early in the season. Nuts, completely nuts. IF and I mean IF, he can maintain that form for a year (even scoring against same types of teams mostly) then we should think about it. But we gave a sicknote, more injured than not 100k a week because he had like 8 good games? Gibbs got a new bigger contract regardless of the fact he CAN'T DEFEND.
The current money being spent CAN be spent MUCH better.
Again think about this, last year CHelsea got their wage spend down to 173mil, Arsenal's is predicted this year to be up at 160mil. Can we really pretend the gap is huge and Arsenal can't be competitive? Can we buy 50mil finished talent every year, no, but we can buy those same players 5 years earlier at 10mil no problem, no problem in the slightest.
The products coming out of our vastly expensive youth setup is an embarrassment. There are literally dozens of better youth academies producing far more talent while spending a fraction of what we do.
We need a massive overhaul, new mentality, frankly new youth/academy coaches because they've been doing **** for years. Of the youngsters in the team very very few haven't been bought. Gibbs signed at around 18, AOC, Ramsey, Walcott, Jenks. Wilshere is the only genuine talent we've bought through the youth academy and the general quality of the players coming out of it has been shocking. When you look at Barca, Bayern or you know, Southampton. The resources we have, the money we spend, the results are pathetic at every level of the club. Medical results, youth academy results, first team, management, financially(exceptionally, like embarrassingly poor commercial income compared to similar clubs over the past decade... we've literally thrown away 300+mil with weak ass shirt/kit/stadium sponsorship deals).
Everyone needs changing, and huge portions of the first team, squad, reserve and youth players need getting rid of. It starts with Wenger, his failing philosophy and idea's.
Ultimately it's Wenger telling the board 4th is a trophy. Mourinho(who I absolutely do not want) would be telling the board 4th is a failure.