I'm no Wenger apologist but watching the likes of Soccer Saturday and MOTD, you'd think Arsenal were fighting relegation - words thrown around like "disgrace" and "shambolic". Even if you take away Wenger's historic achievements, they continually finish in the top 4, make the CL knockout stages every year and have recently won the FA Cup twice, all of this whilst spending far less than the likes of Chelsea, City and us.
Arsenal can afford just as much as current Chelsea. In fact if you look at the numbers, if Wenger had spent the transfer kitty that was available to him in summer 2015, Arsenal squad cost and wages would been right around Chelsea maybe even slightly more. And its Chelsea walking the league. So Arsenal do have enough money to compete especially as its been Chelsea, Leicester, Chelsea the last few years not United and City walking the league.
And this isn't even taking into account all the inefficiencies in how Wenger spends. Extending contracts to players who contribute nothing on the pitch for years. Heavily overpaying dross in wages and thus being unable to move them on. So we get locked into overpaying mediocre players. Wenger not moving players along that he doesn't rate - Joel Campbell just the most recent example but look how long we were overpaying dross like Bentdner and Squillaci.
In short 1) Wenger could spend more but choose not to and 2) Wenger is not spending the money he has nearly as efficiently as he could.
As for the 'misery' of being an Arsenal fan, they are potentially 2 points from 4th, ahead of us and only 2 wins away from second place - they've played entertaining football over the years and fans are generally able to see some world class players on a weekly basis, albeit at high cost. I get that fans want to win the league every year and in honesty, Arsenal haven't really gone gone close in recent years but only 6 teams have ever won the PL in 25 years (and football didn't exist before then) - if you discount the Leicester anomaly then the top teams across Europe spend huge sums of money - it's not very romantic and a sad indication of modern corporate football but Wenger is a board's dream - somebody who generates big revenue whilst spending less than the competition.
This really misses the point. Its not about end results really although I am not sure how backing into 2nd place by Tottenham bottling it while still finishing on less points than the year before is anything to brag about.
The point we are seeing the exact same mistakes across several completely different sets players going on 7-8 years now. Thats the groundhog day. Its not about "finishing fourth", its about seeing the exact same mistakes year after year and nothing done to fix those mistakes. The only consistent is the manager. We have seen Wenger rush players back from injury too soon for a decade. We have seen Wenger insist on a certain injury time for a player only for it turn into 2-3 times as long. We see weird problems like this that simply don't happen to other clubs. Even my friends of lower league teams have commented on how bizarre and confused our medical department seems to be.
And we have seen a lack of mental toughness across every side for the last 7 years. Its not about losing, its about the way we lose where we just get played off the pitch and capitulate at the first sign of trouble. Can't blame the players when I seen this with literally dozens of different players all under Wenger.
Oh and I haven't really been entertained by Arsenal football for about 5-6 years now.
Ultimately I think Arsenal fans have had it pretty fecking good under Wenger. If the board are willing to give a new manager £150m a season for the next 3 years, then fair enough, maybe a fresh approach could be good and Wenger should probably step down but if not, it's a huge risk, which could backfire massively.
I have already listed the immediate issues that a new manager could start to fix that Wenger has already proven incapable of fixing. So the risk is FAR less than you imagine and the rewards for changing manager now make it a necessity to start fixing the slow rot that has settled in over 7 years
A) Completely modernizing outdated socialist wage structure that Wenger has championed for decades
B) Audit and Review the medical and training staff that have literally kept Arsenal as 1st or 2nd most injured team in the last 15 years
C) Stop handing out charity contracts to players well past it (Diaby, Arteta last years, Per and Santi this year)
D) Stop molly coddling favorite players that have not improved in 5 years. More ruthless management is needed to not let the squad get complacent and lazy.