Arsene has always spent money when he could, he bought players like Wiltord, Pires Overmars Henry Reyes etc so I have no doubt Arsene will spend the money, I only pasted it cause I thought that it explained that the money we have now is not a one off it is increased revenue and will be available year on year (the question was asked in an earlier post).
I know he spent in the past. But in recent years he himself has always said there was money but he wouldn't overspend. I know part of that was probably a defence mechanism.
As I've stated, I hope that arsenal progress as I like a competitive league. But a lot of arsenal fans seem to believe that this extra funding will be a guarantee. Like teams have just been holding a space for you when the money flows.