Mikel Arteta may be just three months into his first managerial job but he faces some of the biggest decisions in the recent history of Arsenal, according to Martin Keown.
The Gunners could face a summer of uncertainty if they fail to secure European football for next season.
Arteta saw his side crash out of the Europa League at the hands of Olympiacos last week and Arsenal currently sit 10th in the Premier League.
Appointed in December to his first managerial post, Arteta admitted over the weekend that a fourth successive campaign out of the Champions League could have consequences.
The club announced losses for the 2018/19 season - their first since 2002 - while Arteta said failure to qualify for Europe means it would be a "no-brainer" that signing new players and keeping hold of his current stars would become more difficult.
"Maybe some risks on young players will have to be taken if the funds aren't there," said Keown. "The club went and spent a lot of money in the summer on players like Nicolas Pepe but it is interesting that, by and large, it is the young kids carrying the club at the moment."