Yes mate - Arsenal spend almost twice what we do on a large squad of internationals.
But Wenger has achieved a lot more than twice the success that Moyes has.
How do you judge the relative value of each variable? Don't know. So we can keep it simple.
Wenger has spent less net than Moyes on transfer
But Wenger has spent more each year on wages*
Fortunately for Arsenal Wenger has achieved a lot more than Moyes
*if looking strictly at wages, Arsenal do spend a tonne on absolute dross...
Moyes and Wenger are shopping in different markets though, it's a really poor comparison.
Arsenal pay higher wages and are more successful, and they also spend more on transfers. While both
Moyes and Wenger have a good net spend, Wenger spends a lot more money to achieve that.
Since Wenger has been in charge Arsenal have never spent less than £10m a year on players. Moyes once went two seasons without buying a single first team player.
And finally, Wenger's net spend was only brought to a low level when they moved to the Emirates, which was coincidentally (or not) the same time that they stopped winning things. Lets not pretend that Wenger has been operating on a tight budget and won titles doing so.
When he was actually winning trophies he was spending millions every year NET. £5.6m per year to be precise.