@MaichBlack I agree with the highlighted parts, my area of departure was with @TAZ's specific reference to Peter Hill-Wood making the decisions.
@TAZ the late Danny Fiszman indeed exercised control over the club, or had the capacity to, but having passed on there is nothing he can do now. And during his time he indeed would have been answerable to the hole Arsenal has been drilling.
But, Peter Hill-Wood, I would repeat, has not been running the club and cannot be blamed for the lack of transfers. That to me is Wenger who is always PRing about his super quality player that need to improve the team which he cannot find - FGS, how far do you need to go to improve on Squillaci, Denilson etc?
He who can express in words the ardour of his love, has but little love to express. - Petrach, Son. (That men by various ways arrive at the same end. - Montaigne, The Essays of.)