Second place means Arsene will be staying
But Arsenal team need major rebuild if they are to keep up with their local rivals next season
Arsène Wenger deserves enormous credit for managing to finish above Tottenham Hotspur in the league, but I know which squad I would rather have. Being brutally honest, Arsenal are very lucky to have ended the season second and Arsène needs to buy some players over the summer to get anywhere near Spurs.
He has been criticised by supporters and pundits for much of the season, but to finish second should end the debate over his future.
He has got a year left on his contract and I cannot see him going now. This has been the perfect response to those critics, even if Leicester City did end up running away with the Premier League title by 10 points.
Everyone has said how poor Arsenal have been this season, including myself on more than a few occasions, but the simple truth is they have finished above Chelsea, the two Manchester clubs and, most importantly for them, Tottenham.
Arsenal fans will have been so happy last night; finishing above Spurs is all that matters to them. It will have felt like winning the league, having done it so late in the season. Those fans will not have been bothering with the phone-ins last night, that is for sure.
It is a record that Arsène will savour, too, no matter what he says in public, and make no mistake that this was a big deal for both the north London clubs.
Everyone inside the club at Spurs would have wanted to finish second. I would have been the same if I had still been there as manager.
I do not think anyone could have predicted Spurs’s result at Newcastle United and it is unbelievable to capitulate like that against a team that has already been relegated.
To concede four goals in the second half will have been a nightmare for Mauricio Pochettino and a reminder of the unpredictable days that Spurs have frequently thrown up now and again.
I am not making excuses for Pochettino, but he has lost two absolutely crucial players, in Dele Alli and Mousa Dembélé, to suspension.
Alli has been one of the best young players in Europe this season, while Dembélé is sorely missed in midfield because he makes them tick. You need your best players and they were two massive losses. All you need to do is look at the results since they were out of the team.
There will be a feeling of real disappointment around the place, but when the dust settles it has still been an outstanding season for Spurs.
They have qualified for the Champions League, which is a huge thing for their chairman, Daniel Levy, and done it without having to go through the knockout stages.
They have got good young players, at least five of who are in the England squad, and will be back challenging at the top again next season.
In fact, they could go all the way and win the league. And if you were to ask me which team I would rather have, between Arsenal and Spurs, there is really no competition.
Arsenal need to buy, there is a lot of work to do. They desperately need a new centre-half and another striker to take them forward. Too many times this season they have been suspect in certain areas, whereas I cannot see any real weaknesses in the Spurs team.
It will be an interesting summer at all the big clubs. Chelsea will have a new manager in Antonio Conte and desperately need to improve, while I can see Manchester City spending big money to get the new era under Pep Guardiola off to the best possible start.
I am also expecting Liverpool to come strong next year under Jürgen Klopp, so Arsène will know there is so much strengthening needed for that squad.
Spurs will be hurting today as they reflect on finishing third but, at the moment, their future certainly appears brighter.
There will be real disappointment at Tottenham but they will be challenging again next season