Arsenal shows the disconnect between a financially prudent footie club and its fans.
Fans rightly want trophies and the bragging rights that goes with winning trophies. They are not interested in Arsenal getting praises for its prudence. They want Arsenal winning against Spurs and the Reds, not getting thrashed.
Spend the money, forget the risks. True Leeds and Pool show the problems that can happen if trophies don’t come despite the spending. But MU, City and Chelsea show that being financially reckless can pay off.