It is if they qualify for the champions league.. and given they do it on a year by year basis..
They are also able to attract bigger name players than us at the moment..
Currently.. I would say it is a step up..
Going to Arsenal from Liverpool would not be a step up even if we'd done a Leeds. It would never be a step up. They are a pointless, pathetic, passionless, bloated corporate machine with not single thing to recommend them to anyone. 18 years straight CL qualification and they still haven't won it. Laughable. Oh and they have Giroud. The most punchable footballer on earth. If Sterling goes there I will enjoy booing him.