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After the series of calamities that befell Arsenal last summer, culminating in the historic 8-2 defeat at Old Trafford, most Arsenal fans (including myself) would have been ecstatic about a third-place finish if we'd been offered it on September 1 last year.
But, when judged as a whole, this has been a poor season for Arsenal.
The team has had star performers, such as Mikel Arteta, Laurent Koscielny, and, of course, Robin van Persie.
But the amount of highly-paid dross within the Arsenal squad is now startling.
Arsenal's lack of squad depth meant that their fight for Champions League qualification went down to the last day of the season, where they were a handful of goalkeeping blunders away from finishing in fourth place (and missing out).
And they did not come close to trophies elsewhere. A 4-0 hammering in Milan and a disappointing 2-0 defeat to Sunderland in the FA Cup put paid to any chance of significant silverware.
In short, Arsenal have reached another decisive summer.
Can they hold onto their best players, sign top talent and actually challenge for trophies next year?
Or will they simply make up the numbers once more, trundling towards Champions League qualification without ever seriously troubling the league leaders?