All clubs will have to comply with the FFP regulations in Europe, and there is a realistic chance similar, or even the same, rules will apply domestically. This is where we are heading. How soon? Don't know, but football will get there.
Arsenal will most likely improve dramatically on the commercial side in the next 3 years, which should help our cash flow quite much.
My first point will make sure that the Benayouns of Europe won't be on £92k a week.
My second point should put us in a quite good position.
Don't think we are fucked, but we will struggle to really compete in the short term, and we will have to try to at least hold our current position in various pecking orders for another 3-5 years I think.