Ok, I'm not sure what point you're making there then as Arsenal are 3 or 4 years in to a project that is only starting to bare results, their situation at the outset of that was actually pretty similar to ours - bloated squad of poor/old players and no identity, they spent a lot of windows moving players on and bringing in new players, whilst underperforming in the league. Then once the squad balance tipped in to Artetas favour they started to look a team and then last summer bought in some genuine quality and things kicked up a gear or two.
We need to go through the same process Arsenal did but them being further down that path than us shows us that with time and patience what can be achieved, rather than giving ENIC nowhere to hide...