There's certainly a lot more reason to be more optimistic about Liverpool than Arsenal so far this summer. They've strengthened whilst arguably Arsenal have only gotten weaker. Of course there's money to be spent now and still time to buy players, but these are pre-season predictions after all! As it stands, Spurs probably have a stronger team than Arsenal, but with a few necessary additions (several decent defenders, a creative midfielder, a combative midfielder, possibly another striker), they'll be right back in contention.
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"Eet's game time..."