Firstly, football is entertainment, entertain the fans = more money, bore them to tears = less money.
Financially Arsenal aren't particularly profitable and have an exceptionally high wage spend for their achievement level. They are as it stands spending some 80million more than Spurs a year in wages to usually get one place higher does that sound like fantastic value. Is spending 80million more than Spurs to secure a champions league spot that brings in 25-30mil a year sound financially sound? it also ensures higher sponsorship deals but it's basically a wash.
With the way tv money is, with Arsenal's stadium income we could drop wages 70-80million, make the CL maybe slightly less often, and become more profitable.
Football isn't about where you finish or simply participation, it's about the chance to improve. Without that, watching the same hopeless football week in week out is boring. Arsenal are entirely predictable, beat a **** team in the CL, beat a team that hasn't beaten Arsenal at the emirates in 5 years or something who generally lose to Arsenal regardless of how well they play... woo, lose the next big game(though personally think we'll beat Liverpool because of how bad they currently are, it wouldn't surprise me if we lost I just don't think we will this time).
There is very little joy in watching a 170mil wage a year team that has spent a few hundred million in the past few years smash a crap newcastle when you know we'll lose both important games and stupid games against "weaker" teams due to the SAME mistakes we've been making for 10 years.
Again, something people keep ignoring when they bang on about massive spending, I haven't seen a single Arsenal fan that wants Wenger gone also want a massive spending spree. We all believe Arsenal can be run better with the current level of spending. Ozil money could have been spent so much better, getting shot of Diaby, Rosicky, monreal and a half dozen others, using great players we have who rot on the bench, actually organising the defence so we don't play like retarded idiots against any half decent offence. They got thoroughly embarrassed by STOKE, Newcastle played Cisse against us and they didn't look like scoring... but still did.
I don't care if we get worse, I don't care if we get better, I care that we have someone who TRIES to do better in charge and is willing to see his mistakes, admit to them and attempt to improve where he's weak. That is all, 90% of managers can do this, maybe 20-30% of them will do it successfully. It's the trying that's important. I currently support a team in which I feel 90% of the players don't give a flying **** if they lose, who get all giddy over themselves when they beat Norwich and pretend they played great when they win 1-0 through a fluke goal against Palace or something.
Attitude, my club, my manager, my players, they act like we're a cash machine and it doesn't matter how hard they try.
Seriously again, the majority of Arsenal fans make less than 40k a week and Wenger just sits there saying "I'm going to give Diaby another contract where he'll make more a week than the average Arsenal fan makes in a year..... " do you know how utterly downright disgusting that is. To show a complete lack of care that you would say that to the people who pay your salary? To say, this guy who has already received upwards of 15million for doing ABSOLUTELY NOTHING, who has made 15 times what you ever will, who will never contribute to the team, I want to continue asking you to pay him even more because..... he's delusional, blind, stupid or literally doesn't care about the fans at all.
Watching a team barely put in any effort in half the games, show no ability to improve and no care that they don't is painful. Wenger and half the players treat Arsenal as a pay day, nothing more or less. I'd prefer to pay more to a manager and players that fail but TRY than to pay most of these ****'s to just sit around getting rich while pretending they are great.