For the first time in 25 years Arsenal will not be in European competition next season.
The Gunners were pipped to a Europa Conference League spot by local rivals Tottenham on the final day of the season and were eliminated from the Europa League at the semi-final stage.
Unsurprisingly this, combined with their decision to sign the club up to the European Super League, has seen Stan and Josh Kroenke come under intense scrutiny over their ownership of Arsenal.
Swedish billionaire Daniel Ek has twice attempted to buy the club with the help of Thierry Henry, Patrick Vieira and Dennis Bergkamp, but the American businessmen have repeatedly stated the intention to keep a hold of their investment and to have the Gunners challenging for the Premier League and Champions League in the coming seasons.
“We remain 100 per cent committed to Arsenal and are not selling any stake in the club. We have not received any offer and we will not entertain any offer," the pair said in a statement last month.
“Our ambition for Arsenal remains to compete to win the biggest trophies in the game and our focus remains on improving our competitiveness on the pitch to achieve this.”
So how do they go about keeping this promise? Here football.london takes a look at some of the ways they could do it.
Invest
It may seem obvious but one of the easiest things KSE can do in order to help the club get back to challenging for major trophies is to invest.
Up until the 2017/18 season the Kroenke's did not put a single penny of their own money into the club instead allowing it to run as a self-sustaining entity.
This was all well and good during the time Arsenal were in the Champions League regularly but now they aren't, it means the club is having to play catch up on a restricted budget.
If the Americans want to show they are serious about helping take the Gunners back to the glory days, then backing Mikel Arteta and Edu in the transfer market this summer will be crucial.
Buy a creative midfielder
This arguably comes under the first section, but if they are to invest, the Kroenke's will want to make sure they do so smartly.
They have repeatedly stated that simply throwing money at Arsenal won't help its problems and in this instance they are correct.
Clearly, from the Gunners' performances on the pitch last season, the area they struggled with was in attack. Arteta's side finished the Premier League season with the third-best defensive record but only the 10th best goalscoring tally.
Part of the reason for this was the lack of a replacement for Mesut Ozil after he was exiled from the squad at the beginning of last season.
Once his absence was finally accounted for by the introduction of Emile Smith Rowe into the side, Arsenal improved and since the 20-year-old came into the team on Boxing Day the club are actually second in the Premier League points table.
However, the Hale Ender is still very young and relatively injury-prone so cannot carry the burden on his own next season.
Martin Odegaard was brought in to help out last campaign and could do so again if signed permanently from Real Madrid, while Emi Buendia is also an option football.london understands the Gunners are looking at.
Win the fans back onside
Again this may well come under the first two sections, but it will probably take a little bit more than just spending to win the supporters back onside for the Kroenke's this summer.
Since they took over, the Americans have never been popular among the Emirates' faithful due to their perceived lack of ambition, but also their status as absentee owners has created a real disconnect.
This was only exacerbated by the Super League fiasco, and Stan and Josh will be aware of how unpopular they are after thousands gathered to protest their ownership before the 1-0 defeat to Everton last month.
Josh has committed to going to one fans' forum per year, while a new supporters advisory group has been put forward as a way to encourage meaningful dialogue between the two groups.
But if he wants to win back hearts and minds then taking a leaf out of the Leicester City owner's book and partaking in meaningful gestures of goodwill will go a long way to help repair a relationship that has perhaps never been more fractious than it is right now.
