I believe Arsenal will end up in midtable if AW dosen't spend soon. Out of the current squad, only V. Persie, Arashavin and Nasri is EPL top 4 class players. The rest might impress here and there but not for an entire season and definately not give Arsenal a top 4 finish.

The reluctance of Wenger to spend only excerbates the problem. Factor in European games, Arsenal squad is THIN. Like some one said before (cannot remember who) "you don't win leagues with youngsters"