Arsenal have been reasonably pleased with Unai Emery's opening 20 games as manager despite a recent hiccup.The Spaniard led the Gunners to a 22-match unbeaten run before back-to-back defeats to Southampton and arch-rivals Tottenham.Arsenal's hopes of top four are still looking slim, with a rejuvenated Manchester United now just three points behind the Gunners in sixth.Fans of the North London side have switched their grievances from former manager Arsene Wenger to the board and most notably Stan Kroenke.The 71-year-old American was first affiliated with the club in 2007 due to a technical link with MLS side Colorado Rapids - which Kroenke also owns.The entrepreneur from Columbia, Missouri has gradually increased his percentage stake in the club, leading to his £600 million offer in August 2018 to take full control of the club - much to Arsenal fans disdain. Kroenke has been heavily criticised for his lack of funding in the transfer market with fans crying out for a centre-back after seeing a plethora of mistakes from ageing players such as Laurent Koscielny and Stephan Lichtsteiner.The contract situation of Aaron Ramsey is also a talking-point with the board seemingly happy to let the Welshman go despite fans voicing their opinion.Swiss Ramble has produced a graph revealing the source of funds for Premier League clubs over the last nine years.The funding for each club has been broken down into five categories; Operations, Owner Financing, External Loans, Interest Receipts and Property Loans.The main two to look out for are the Operations and Owner Financing, which sum up why Arsenal fans feel the way they do about their owner.

The graph clearly shows that 0% of Arsenal's funding since 2007 has been from ownership. 

This will probably not surprise many Arsenal fans but will no doubt allow the ever-simmering anger over the situation to boil over once again.

Comparing Arsenal to clubs like Manchester City, who have been accused of buying the Premier League title in previous seasons but at the very least have full financial backing from their owners with £1.2 billion invested into the Citizens.

It's no surprise that Kroenke continued to renew Arsene Wenger's contract as the Frenchman was arguably the most financially astute manager in the Premier League.

Wenger and Kroenke's partnership was a dream from a business sense but from a fan's point of view, any aspirations of reaching the summit of European football had to be put on hold.

On a positive note, Arsenal sit fourth on this list even without any ownership funding, but on the contrary, the Arsenal faithful will surely believe that with more pro-active owners the Gunners would be able to compete and even surpass England's current financial behemoths.