Yous have spent shitloads the last four years. Only United have spent more in terms of net spend. And yous have nowhere near the revenue they have, and haven't been in the CL since 2016. Arsenal have built a good team, but let's not act like it's all shrewd management. It's in huge part down to spending, and doesn't seem sustainable for a club who are run as a business.
If they bang another £70-80m on this fella from Shakhtar, I'll start to wonder where the money is coming from.
Net spend means nothing, if you want to judge a team on how much they spent on new players then the only barometer is actual spend. Anything else is distorting a flimsy argument. We got to the champions league 20 years running and were selling our best players. The owners finally pushed the boat out when their own futures were on the line. We are not a poor club, and yet our wages are nowhere near the likes of Liverpool. Wages are a bigger factor than transfers in terms of how rich a club is, transfer fees can be structured over many years, not wages. You absolutely dwarf us in the wages you spend. We are comfortably 4th in wages, a long long way behind the other 3 and Newcastle will over take us soon no doubt, It would be a huge shock if we win the league, with our wage structure.
Wages also means we cant compete for top bracket players, like Bellingham, Declan rice etc, we are still competing at a lower level buying potential only even if for a big outlay, but the results are coming to fruition in the football we are playing. Still not operating on the same level as United chelsea city and liverpool in the transfer market. Us and spurs are in the next level below, which is fine , we dropped off in the last 15 years, and just coming back now.