After an eight-year trophy drought, things are finally beginning to look up for Arsenal.
The 2013/14 campaign has the potential to be a trophy season for the Gunners and here is why.
In the past, Arsenal have lagged behind clubs like Chelsea, Manchester City, and Manchester United. However as a result of the club's fiscal transfer prudence they have experienced major turnovers - with a record-breaking deal with the Emirates and increased matchday revenue contributing to their huge financial growth.
Economists estimate that Arsenal's yearly revenue will grow by over £70 million beginning in 2014. According to Deloitte's Football Money report, Arsenal are the sixth most financially stable club in Europe. Their yearly revenue for 2011/12 totalled £234.9 million, with Chelsea and Manchester City either side of them at £261 million £231.1 million respectively.
Despite this the club, and Arsene Wenger in particular, have been heavily criticised from their own fans and the media. Because of the club's transfer policy they have now paid off their stadium debt so Wenger has a £70 million transfer kitty to utilise this summer.
Of course this money is of no use unless it is spent on the right players. So far the signs are encouraging with Gonzalo Higuain heavily linked with a move to the Emirates. If Wenger is able to tempt Higuain away from the Bernabeu it would not only be a record-breaking transfer for the club - with his arrival smashing the club's current wage structure - but it would also be a huge statement of ambition from the north London side.
Following Sir Alex Ferguson's retirement at the end of last season, Wenger is now the Premier League's longest serving manager and that doesn't seem like it is going to change anytime soon.
In addition to this the club's training ground is one of the best in England, consisting of ten indoor and outdoor pitches. The stunning high-tech updates that have been made under Wenger's scrutinizing eyes have made the training facility one of the best in Europe.
Arsene Wenger might be looking to bring in reinforcements this summer, but Arsenal already have strong foundations in place within their squad.
Santi Cazorla made a real impression in his first season at the club,with the skilful playmaker scoring 12 goals - only Theo Walcott beat that tally with 14 goals in the league.
Aiding Cazorla in midfield are the likes of Mikel Arteta, Jack Wilshere, and Aaron Ramsey. Arteta has grown into a holding midfield role and Ramsey's form has improved hugely over the past 12 months. Wilshere's availability next season will be a huge boost for the squad after missing large chunks of games over the last year and a half.
Both Olivier Giroud and Lukas Podolski also scored eleven league goals in their debut season with the former continuing to improve throughout the season.
Defensively Arsenal were very strong last season, with Pet Mertesacker and Laurent Koscielny forming a formidable partnership at the back as the Gunners achieved the second-best defensive record of the league.
With Arsenal now entering a period of economic prosperity on and off the pitch, they must ensure they bring quality players into the squad so they can challenge strongly for domestic and European honours again.
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