Giving Elneny a new deal is a marker for where Arsenal truly are. He's not a Top 4 player and along with Xhaka, Cedric, Holding, Pepe and Nuno Tavares, he needs upgrading, but due to poor squad management, they just don't have the funds to do it.
Add to that there are 3 nailed on starters who have very poor injury records - Partey, Tierney, Tomiyasu and that would be 8 holes in the squad...before you even get to the real issue...that they have no forwards.
There are suggestions that Nketiah might be offered another deal, because the chances of them landing quality replacements for Aubameyang, Lacazette and Nketiah are very slim indeed.
They're in some deep **** and the thought of Arteta and Edu doing their recruitment would worry me, if I was a Gooner.
Hmmm. I don't know about this. I don't think the situation is as bleak as you're making it out to be. I mean, it's not great, but there will definitely be spaces available for us to make some important moves in the market with the wages we're saving and players whose contracts are expiring. And although we've signed some duds, primarily driven by agent-led recruitment under Raul Sanllehi, we've also signed some good players, too. It hasn't been all bad.
Elneny, as a 5th choice midfielder on relatively low wages and who has only signed a one-year extension, seems fairly sensible to me. He can fill in where required and would be handy in the Europa League games. I don't anticipate he'll feature much in the Premier League.
Cedric as a back-up is also OK, the problem was he played more games than he was meant to due to Tomiyasu's recurrent injuries. He was solid enough in a number of games. My issue is that we offered him a 4 year contract back in 2020 when he was 29. Again, this was due to our recruitment being driven by agents. Stupid move, but again, he's been linked with a move away, so let's see what happens.
Holding as 4th/5th choice is fine as well, so long as he's content with being a squad player.
Pepe has changed agent because he's pushing to move this Summer. We will take a big hit on him, but at least his wages will be off the books. It's almost certain he's a goner by hook or by crook.
So, going back to my point, a lot of players will be leaving this Summer and that will free up a lot of wages, especially the likes of Lacazette, Pepe, Torreira, Runarsson etc. So the opportunity is there, if we can play our cards right.
I'm not saying we're definitely going to get our transfer activity spot on, or that everything is going to be fine, because I'm not that foolish and the last 15 years is testament to how we've been run - but there is potential to build on something if we make smart signings like Tomiyasu, Odegaard, Ramsdale (who was very good for us up until the last 2 months), whilst continuing to implement strong academy players into the setup like we did with Smith-Rowe, Saka et al.
If reports are to be believed we have a further £150m - £200m to spend this Summer, then I'll be interested to see what we do.