The big news at Arsenal is obvious.
But it tends to be obscured by a torrent of transfer talk.
Will Thuram come, will Ashley Cole be sold to Chelsea ? Man United's Carrick bid is refused by Spurs. Real Madrid's Ruud van Nistelroy bid is refused by Sir Alex.
Could all those deals still happen?
Well, I'd be curious to see Ruud, 30, re-united with Becks, Would their double act work in the Primera Liga? Or are they both past it ?
However, I would hate to see Michael Carrick sold to Man United after only two years at Spurs. If Martin Jol has a player that United want to buy for £15 million, then the player, and Jol, must be doing something right.
Last night Dublin's Newstalk 106 asked me to discuss Ashley Cole.
I recapitulated the split between Cole and AFC, said there was fault on both sides, and repeated what I've always said on ANR : that he is 25, he became unhappy with the French clique who ran the Arsenal team (as he saw it) and that, as a young Londoner, he would be happier working with other young Londoners like John Terry, Frank Lampard and Joe Cole.
Ashley knows them very well. He has just spent six weeks training with them, travelling with them, and playing five England matches with Joe, Frank and JT.
If Arsenal get £16 million for Cole, they can afford a centreback or two.
But the big news at Arsenal is the stadium.
The club has borrowed £260 million, which took four years, and built the Emirates, which took two years, and now Arsenal have what might be the finest football stadium in the world.
The Emirates has to be filled, and it has to be paid for, and the team has to perform really well to keep the fans happy and satisfy the accountants and the City.
So the big question at Arsenal is not whether Cole leaves or Thuram joins.
It's whether Arsenal's young team can keep winning and keep the club where it needs to be. Higher than fourth in the table.
The good news is that their first game is at home against Aston Villa on Saturday August 19.
Villa, clearly, are in disarray. The players want to meet ancient chairman Doug Ellis, who may sack David O'Leary any day now, and hire Alan Curbishley.
MANY THANKS for your emails.
I've replied to some and hope to address one issue raised later this week.