It's not as simple as pointing to final position on a table and equating final position with wages spent as defining value for money Teggers you simpleton.
You have to look at actual figures and differences in wages in comparison to points earned to consider whether we're getting value for money.
This is from two seasons ago. These are out of date now as it's been established thanks to some bumper contracts we've offered our wage bill is now hitting the 150 million mark. It's the best I can find though:
http://www.guardian.co.uk/football/2...ts-profit-debt
What would be a more accurate comparison for "value for money" is if someone compiled a table (*cough Letters*) dividing Total Wages by Points acquired last season so we can a "Wages spent per point gained" figure. Because it's clear that Spurs who seem to be spending roughly 33 million less than us on wages per season yet they finished only one point behind us last year are significantly better than us in extracting value for money. Likewise even Man United who spend about 28~ million more than us yet finish roughly 15 - 20 points better every season are clearly getting better returns on their investment.
Plus you have to also consider real effects and not just maths. How can we realistically claim to be extracting value for money when we have so much dross on large contracts who are unable to be shifted out of the club sucking millions out of the club every season, yet we're unable to keep our top players because we can't match their wage demands that other top clubs are able to.
Furthermore if we didn't have such a ridiculous bloated wage structure we perhaps would be so compelled to sell our best players every summer just to make a profit. All this wastage in wages affects our ability in the transfer market when it comes to recruiting players.
True, though as GP points out I do think we tried getting him whilst he had a trial here but couldn't because of Work Permit issues. Though we probably could have got him when he went to Olympiacos.
Still like I've said about other top players that Wenger has claimed to have "just missed out" on, I don't think he would seem as good as he is now if he joined us, with our inability to structure and organise a defence and our lack of some basic footballing principles. Essentially he would have been "Arsenalised" to some extent.