We have stability, and we have some of the best talent in the league. We have also have an extremely passionate and supportive fanbase.
When you spend the sort of money and make the sort of decisions we have been making since Arteta came in, there really can be no excuses. Last term some of us thought we could and should have done it, while others thought we were ahead of schedule. We have improved on the team, and look likely to invest a bit more. At this stage we definitely should have the personnel required (quality and squad size-wise) to make it back into the champions league. If we don't then we know exactly where the problem lies, don't we?