They're in the same spiral we have been in to an extent owners who put profit before success for a long period they've had a bad run in terms of signings and sales of players to the point where fans have just lost hope.
This is a key point for Arsenal as a club they've put in place this new set of directors who are the key decision makers at the club from a football point of view so it's now on them to make sure they get this appointment wrong.
They tried Emery who's a good tactician but it's quite clear communication with his players was a problem and they just didn't really fall in love with him and after Wenger they needed a charismatic manager who could unite the players and fans.
The beautiful football is long gone as well that went under Wenger and the club are still charging the highest prices in the league to watch a Europa league team rather than a champions league team if I was a fan I'd be sick of it. I think the fans would accept the beautiful football being gone if they were a rock solid team that were hard to play against because that's as much a part of the Arsenal DNA as the Wenger style ever was but at the moment they have neither.
Some of the decisions made at that club are baffling signing Aubameyang when you already have Lacazette, giving Ozil that contract, making Xhaka captain when they know the fans hate him, losing Ramsey on a free, not properly sorting out the defence.
My mates are exactly the same used to be guys who watched every game now they're just beyond caring.