Spurs will finish above Arsene Wenger’s side for the first time in 22-years after beating them 2-0 in the north London derby this weekend.
When asked on Match of the Day if he was a player now and got the same deal where he would sign, Wright said: “It is a really tough question. It is an unfair loaded club with my club on the floor and Tottenham flying.
“Of course right now you are going to sign for Spurs and the longer it takes for them to sort out what is going on upstairs we are no longer going to be able to attract that type of player.
“They are going to go to another club, rather than going to our club.”
Gunners fans are still vocally calling for Wenger to step down from the club after 21-years when his contract runs out at the end of the season.
But Wright is keener for majority shareholder Stan Kroenke and his Emirates board to end their silence and give fans an update on their plans for the clubs.
Wright said: “I still believe the owner Kroenke and his son Josh something needs to be said now. The silence is deafening.
“The Arsenal fans deserve to hear something from them, what direction the club is going now.
“It looks like we may not finish in the top four with a tough game against Chelsea in the final.
“If Arsenal do not win that then someone from the board has to come out and tell the fans where the club is going.”