Wrong on many counts.
Lloris was available, we just took our time dingdonging about haggling on price. Yes, we got a fantastic deal for a fantastic player at a fantastic price, but if we'd had Hugo around to prevent the goals against West Brom or Norwich being conceded then we'd have made a lot more money from CL qualification than we saved, and who knows we might even have had a chance of keeping Bale for one more year. There are fine margins in football...
Second - we're being left behind by our rivals in the transfer market. Ar5ena1 badly needed a keeper, they've got one. Man Utd badly needed to improve at CM and to add some more attacking flair - they've done it. Emirates Marketing Project badly needed some young, fast, dynamic players to add to the squad, they've done it. Liverpool needed more firepower up front, an experienced midfield replacement for Gerrard, a tricky winger replacement for Sterling and a new RB...and guess what, they've done it. It's not even just the biggest clubs in the league - even the likes of Stoke, West Ham and Southampton have all signed more than twice as many players as we have this summer - to address deficiencies in their squads, and some of them look very promising. First priority for us this summer should have been a top class wide forward/winger - not signed. Second should have been another one - not signed. Third should have been a top class CM - not signed...unless Alli really steps up in his first season. It's good that we've addressed the CB issues, but then the other urgent requirement was to get in another striker to cover/play with/rotate with Kane - not signed.
We've done well to hang onto Kane, Lloris and Eriksen this summer. If we don't finish top 4 this season then the vultures will start to circle, especially over Lloris - and we'll always be playing the one step forward two steps back game in the transfer window. Now more than ever is the time we need to be pulling the stops out and taking a gamble or two.