I am not going to try to put too much positive spin on this for Arsenal fans, because we have got used to at least getting out of the group phase of the Champions League and losing the first two games against Dinamo Zagreb and Olympiacos was a massive disappointment.
Some pride has been restored against Bayern Munich but the late winner from the Greeks tonight leaves us neding to win our last two games to have a chance and that would also need Bayern to beat Olympiacos and for us to then when in Athens by two clear goals.
That is not beyond the realms of possibility but very unlikely, especially with our poor record away to Greek teams. So the big question now is whether to really go for it or to refocus on the very realistic Premier League challenge. This European failure could actually help the Gunners in the domestic campaign, especially with Man City and Man United going through, but only if we have no midweek games.
With that in mind, is it time for Arsene Wenger to sacrifice the remaining two group games, perhaps playing a League Cup style team full of young players? We should be able to win the next game at home to Zagreb but that would leave us staring at the Europa League and that could actually hurt us in the race for the title.