While I tend to agree with this conclusion in this situation, it is always this way, isn't it? "That's that" because in the end we DIDN'T land the player, ergo it was out of our control. Always a reason we stay with our insufficient squad and miss out on these great emergent players. And as it turns out, his judgment on Le Coq was probably wrong - he really isn't all that great. Had one purple patch and looks back to his headless ways this year.
The problem with "transfers that didn't happen" is that there are a million reasons they didn't, but in the end the accumulation of missed moves and wrong moves leads us to where we are, which is a collection of Europa League players bar a couple of superstars, one of which looks bit lost in the team atm.
I think it was one of the blogs who recently wrote that we were missing technical players and creative players most critically, and I agree with this - Santi's absence has exposed how dire a gap this is really. We have so few players of real intelligence, technique, and creativity and it leaves us looking quite pedestrian the vast majority of the time. Think about RVP, Cesc, Hleb, Henry, Bergkamp, Pires, Ljungberg - we always had multiple super creative and clever players.
AW is done but will persist 2 more years - can't see anything but more of the same. Fight for top 4, maybe get a chance at a Cup with a little bit of luck, Europe is an afterthought.