It's all about the money now (and having someone who knows how to spend it) and unless Arsenal find the next Henry they're only going to go backwards.
Interesting, and I couldn't agree more. The sad part is that even if you find the next Henry, Man City, Man Utd, Chelsea and Real Madrid will step up with staggering offers and he might go anyway. Arsenal has always been a team I've enjoyed watching and I can only imagine how frustrated the fans must be these days.
In terms of a balance between profits and competitiveness, this plan has gone pretty well. Almost any team would kill to be in their position now...
...The big danger is that if they fall to fifth or lower, then the big money from Champions' League games disappears.
In the Premier League, as in international business, stasis is seen as regression. Which is a bit stupid but there it is. If you aren't improving every year people say you're going backwards. I think Arsenal is good enough to finish in the top four - they are still better than Everton and Manchester City on paper. BUT, those two teams might go on a run and take that final CL spot.
Having spent some years in the States now, I actually have come to respect and enjoy the salary capped NFL league.
There are advantages, but you also have to remember that the NFL is the only game in town - it doesn't not really have to compete with any other gridiron football league (except, to a certain extent, for college football, but they are not direct competitors). In Europe, leagues can be in direct competition with each other for viewership, money, players, and prestige. This pressure may keep leagues from experimenting with their structure as much as might otherwise be able to do. A salary cap in the Premier League would mean players like Lampard, Gerrard, Rooney, Berbatov, Torres, Fabregas and others would go to Spain or Italy.
In the NFL, the league runs everything. MLS has a similar model in a lot of ways - there is a salary cap, broken to a certain extent by the Beckham rule with designated players, but still controlled. Also, when a player transfers out of the league, the buying team must deal with MLS rather than individual clubs. Clubs are less likely to get into financial trouble because the league monitors things and there is a certain amount of profit-sharing. No MLS or NFL owner would be allowed to pump large amounts of a personal fortune into a club to buy all the best players like Abramovich and others have done.