That's football though. Is and always has been. You only stick to managers that actually work out rather quickly or who have such high pedigree you give them a bit more time. In the end success is what determines if you can keep your job. Wenger and Ferguson were very special cases of which I feel they taint the picture of a lot of fans in terms of how long someone should be given. Also, which teams besides exactly Arsenal and United haven't been on the manager merry go round in the span of the last freaking three decades? You can count them on one hand and the reason they stuck to someone for so long was development increasing chances of success and finally success.
It doesn't make any sense to just keep someone for the sake of not firing/hiring too quickly when the actual signs after more than 1 season and 2 full preseasons clearly point to the Emery/Arsenal relationship not going anywhere. That's ample time to evaluate how a manager is doing.
E.g. after that honeymoon period United and Solskjaer had, that was after a couple of games in, the majority on this forum was of the opinion it was foolish of Utd to hire him permanently - and that was after what, 10, 12 games - but Emery can't be properly judged after 63 games now?
If you're on the lookout for success down the line, there's gotta be something there to find in a team. Doesn't matter if it's a killer attack, a rigid defense, a dominant possession game, a counter stlye or a cohesive press. Just something where you feel like this is going somewhere, and while it may not lead to instant success or winning sprees tomorrow, next month or even next season, there's a constant development of certain traits or say identity based on a manager's clear ideas on how to win a football game. There's been enough time gone by now to recognize this is not the case at Arsenal. I know you've got a very own way of seeing certain things with your focus on squad cost, but watching games like these - even with the acknowledgement of the squad still having certain holes - this is below what this squad should be able to do. This is all individual quality bailing the team out time and again.
This is also why some on here actually "rate" Lampard. The guy has instilled a clear idea on how he wants his team to play in the matter of a few months. At this point it's not so much about them consistently winning, which they don't do anyway, but that there's a feeling of: This is going somewhere. There's a an idea, there's a plan; once that's been worked into the team even more, consistency and results will likely get better. And as there actually is a fundamental plan behind it, it's easier to judge if things get better or worse.
Also, performances like those by Watford against Arsenal or Norwich against City - to only name two from the last matchday - do show to massive extent that squad cost and individual quality isn't the end of it all. Collective organization, team spirit, an overall clear idea tweaked on matchday to better fit the opposition, etc. are of importance, too.
I may also note that after having seen VfB Stuttgart's clearout of 20 outs and 19 ins, including a new manager, and DoF and TD having both said they needed such a big turnover to form a new team, especially for mental reasons, I think Arsenal may need the same. Not just for the lack of quality in certain areas, but to form a new unit of players and change the internal synergies. It's good players like Elneny, Mkhitaryan, Iwobi, Koscielny, Jenkinson, Monreal, Welbeck and Ospina are already gone, but, like I said besides quality issues, I feel like more have to follow to get together and build a wholly new group for mostly mental reasons. Unfortunately I think Unai Emery is not the man to build this new team over the next seasons.
Keep him until the end of the season if things don't go completely south, cause without that I don't think it's wise to change a manager mid season, also keeping in mind there's no one out there to instantly take over. Let him go at the end of the season, though, and continue the squad rebuild with someone new.
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