Whilst extremely frustrating, Adam at £7m is bearable, and we could probably re-coup £3-5 million of that.
However, on current showing I suspect no one's going to pay more than 50% of the prices we paid for Henderson, Carroll, Downing and they were supposed to be the really big signings (albeit Hendo more for the future)
Javanovic was a striker ... but we hardly played him and put him out wide when we did if i remember. We also awarded him £90k a week. So that signing did hurt us too in that it affected our budget for other players.
It's just that the headline transfer fee affects the club a whole lot more if it is relatively high and if the player subsequently fails to deliver. Hence why i think the point about Wenger is relevant - he hardly ever exposes Arsenal to this type of risk.
whilst a small point Jovanovic was 65k not 90k. Cole was 90k. Still an awful lot of money, but just shows that we could not get finance for a 10mil player at the time. Wenger always comes across in a great light but has dropped some massive clangers as well Jeffers, Reyes and Wright were all big fees and buttons gained from any of them a year or so later. Letting Clichy go for 6mil and Flamini a free also was a disaster based on return, even Chamach looks poor now.
the fact is he was aloud to learn from his mistakes and continue to invest. Walcott has been there 6yrs and only now starting to show any sign of consistency - bleedin 300appps. Remember Van Persie is now in his last year of a contract and could very well hold out for a free next year or go on the cheap this year - fine lines for all managers between success and failure.