Arsenal will stay with Arteta next season and support him in the transfer market this summer to help rebuild after failing to reach Europe for the first time in 25 years and are on course to finish in the middle of the table.
But Arteta warned it would still be a long-term rebuilding job as they started to fall behind from the time they started to finish outside of Champions League spots under former boss Arsene Wenger.
Gunners manager Arteta said: “We haven’t competed with the best clubs in this country for five years.
“It’s not like this process started six months ago – it started five years ago and you can see this trend.
“I understand those concerns because when you’re out of the Champions League for five years, it’s not just a victim, it’s a trend.
“This year is not the first. I think a project has its phases and I tell you that we are in a much better position today to be where we want to be very soon, if we do what we need to do.
“But we have to be ruthless. There is no time to waste and there is plenty to do.
“What I felt was a deep pain because where this club is at the moment, with everything it’s been through over the last few months, I felt like if we could take the team in the final, that could be a big turning point. .
“I know we’ve disappointed a lot of people as well, and it really hurts because we want to give everyone the best, but one thing I made clear is that in order to do what we want to do, I don’t ‘ve no doubt that we will achieve this.
“Otherwise, I wouldn’t be sitting here. “
But Arteta insisted he could make a difference – and also vowed to deliver and repay the fans’ trust in him and the players, as they largely supported until Arsenal left the Europa League. in Villarreal.
Arteta added: “They have been amazing with the team and amazing with me since I arrived and I have to show my appreciation first. I know their disappointment. We are here to give them joy, to give them times where they can feel proud of what we are doing.
“We were able to do it last season and we haven’t done it this season. It is we who must give them something to celebrate.
“I think it’s our time to do something for them. “
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