Arsenal need a £ 150million rebuild just to get back into the Premier League top four, talkSPORT has been told.
Former Gunner Perry Groves insists he MUST invest in improving the squad this summer, but has warned manager Mikel Arteta that he may not be the man to oversee spending.
The Gunners face their worst season in 25 years as they fight to even finish in the top half of the Premier League.
Their misery was compounded by a Europa League exit at Villarreal on Thursday, which is managed by former boss Unai Emery, for virtually no guarantee of any European football next season – for the first time since 1995/96.
Question marks are being raised about Arteta and the club’s broader structure, with recruitment under Kroenke’s ownership coming under scrutiny.
Arsenal legend Perry Groves believes serious investment is needed in the squad if they are to move closer to the top four.
“I’m very critical of Arteta right now because he’s backed down,” he told Jim White on talkSPORT.
“This team now needs a minimum of £ 150million to get us back into the top four. The owners have questions, they are going to invest the money.
“If they don’t invest the money, then we’re going to languish in the darkness of the middle of the table and look down rather than up.
“The question mark with the owners will be, you said the right things by supporting the manager and are you going to sell?”
When asked who was in a worse position, Arsenal or Tottenham, Groves chose his former club, admitting the Gunners have slipped behind their main rivals.
Speculation has intensified over Arteta’s future following their exit from the Europa League and Groves believes the Spaniard could be sacked if he loses to West Brom on Sunday.
He added: “It is not untenable at the moment, but it can be very fast. He’s lucky there isn’t a crowd.
“If there was a crowd Sunday against West Brom, even if it was 4,000, that would be pretty vitriolic.
“He’s one game away now because if he gets beaten by West Brom then I think he will go.
“What worries me is that he’s got worse and he’s training too much. When he first entered he tried to make his mark and won the FA Cup, which no one saw coming.
“He then had the goodwill of Arsenal supporters. I think there is a manager in there, but he doesn’t get enough help from the coaches.
“It doesn’t inspire me either.