Rabiot - Free
Ramsey - Free
De Ligt - 60 million
Imagine getting those three players, how much of a difference would it make to Top 4 race and closing the gap to City/Liverpool. Possibly a new generational defender like Maldini (or new Sergio Ramos at least) + 2 CMs for new, proper midfield with Pogba instead of the dross he's forced to play with.
That's the true price of failing to qualify for CL - not just the immediate drop in prestige or finances, but the ensuing limitations in transfer market. Instead of getting those three players with plenty of budget left for Sancho, we're expected to pay world class fees for second rate talents like Maguire or Longstaff. If we were in CL, there's no doubt that the likes of De Ligt or Rabiot would rather play for us than for Juventus. It's absolutely essential that we hold on to PP now, because he's one the few decisive factors making 20/21 CL qualification possible. Another year in EL and we're nothing but a more marketable Arsenal, it's not an option.