Michaud was an exception because of his ties with laud rip, But there is no doubt we have been under performing in the transfer market. I can understand players going to Chelsea, city, Manu over us, but there is no excuse for the lesser teams consistently getting the best of the rest right under our noses. Recently Arsenic gave the excuse of unfair competition, is it Newcastle who is unfairly competing with us? What unfair competition when you willingly sell your best players to your rivals, what unfair competition when you were never in for the same players? We just heard the highest player at Swansea earns 35k, it's not that dissimilar in most premiership teams contrary to the belief that 100k wages is the norm. Yet we pay 70k to players who barely play 5 games a season and the nitwit talks of unfair competition.
If you can't compete with the top 3 ok, then make sure you get the best of the rest.......we aren't. Instead we pay top money for gervinho ,giroud and chamakh in transfers, wages or both. Wenger needs to get his house in order before he starts pointing fingers.