daredevil Our tightness was obviously a result of financial constraints, due to, herp derp, the Emirates Stadium.
I've come to believe this is likely untrue or not the main underlying rationale for the slow spending. In my opinion, the "sustainable model" rhetoric was driven by KSE, who decided to put downward pressure on the value of Arsenal stock while they collected it all.
Since the Kroenkes bought Usmanov's 30% stake for £550m in August 2018, their behaviour, and the directness of their involvement in the club has changed like night and day. Usmanov obtained a very healthy price to fuck off.
Even if not cause and effect, it's not by chance 2018 is also when Wenger and Gazidis left Arsenal.
I still think the endgame is getting hold of the step value change that'll be out there if Arsenal becomes part of another major restructure of the most elite level of the sport, whether it's a breakaway ESL or something else.