The fast and skillful attacking players you have are perfect in this system, and counter attacking is an absolute staple of the PL, it always works. When you do it well it is brilliant, because teams don't set up to counter it. Especially against a lumbering tower like Mertesacker. If you go a goal down of course it's even more difficult to do anything, Arsenal only play one way, it's their strength and weakness.
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Michael Owen had a proper wank about that, probably the only downside to watching this game so far is listening to him masturbating.