No I understand that. I guess, it doesn't matter what we spend, the others will always spend more and that's the point I am trying to make. We can take that risk and spend £3m or £20m more, it doesn't really matter because you can bet your bottom dollar that whoever we bring in is someone that the established top 4 don't want, and that they will go out and spend £60m or £100m if they think that their position in the top 4 is under threat. We can get into the CL like we have done in the past, but actually as soon as we do whichever team that has lost out goes on a massive spending spree. That's what Liverpool are doing now. That's what Man United are doing.
Well, I'd disagree with that. The key is targeted spending, in my opinion - buying players a manager wants and knows he can fit into his system in a short space of time. Random, flailing spending (Chelsea with Torres, for example) isn't likely to be effective given the buying power of the sides above us, but a quality player or two bought by the manager (and fully wanted as the manager's ideal choice) to fit into a system that already mostly works (Harry's system, and even AVB's system in 12-13, for example) can make all the difference in the world even given the limitless spending power of our rivals.
For whatever risk we take on signing a player, be it £3m or £20m, there is no guarantee that it would work as we could get a Soldado for every Berbatov that we unearth.
True, but that risk is minimised if it's a player the manager knows and wants as his first choice, surely.
My point is there is not another club that has challenged the top 4 like we have. Chel53a got in with Abramovich and at that time it was a top 4 of Ar5ena1, Chel53a, Man United and Liverpool. It remained that way (with only Everton challenging IIRC). Then we came along even after Emirates Marketing Project spent however much they did. When we beat Emirates Marketing Project to the top 4, what did they do. They spend another huge amount that we simply could not compete with. If by whatever chance we had kept them at bay, they would have spent an even bigger sum of money. Out of that competition, we would always be the weakest financially and so the most likely to fall out because their wealth is limitless..
Yes, we did challenge the top four consistently in an unprecedented manner (although Everton did make the CL the same number of times we did, and finished 4th once while we only did twice) for a certain period. And, to an extent, the risk-free way Levy brought us up to the position we were in in 2008 has to be credited for that subsequent period we spent challenging the top four, undoubtedly. However the build-up to that period saw Levy spend a lot of money on players the manager wanted, as the January 2009 and summer 2009 windows demonstrated, during which we spent a hefty amount (net, nearly 40 million pounds, iirc) to bring in Defoe, Crouch, Palacios, Keane, Kranjcar, Kaboul, Bassong and the Kyles.It was because a poor league position forced his hand...but I firmly believe that that mixture of Comolli's astute buys and Redknapp's preferred players that emerged blinking into the 2009-2010 season was and remains probably Levy's finest creation during his time at Spurs, and that this creation was something that was partly deliberate, but also partly a creature of circumstances.
Yes, we can be and are outspent on a regular basis by those above us, but that period did show that we could put together a team that could challenge the top four and displace some of them with some targeted and not-so-targeted investment, even as we were outspent by the others (City and Liverpool outspent us in 2009, Chelsea outspent us in 2011/2012). And, we were also agonizingly close to overcoming the one team that
WE could outspend - Arsenal, during their lean years. The risk-free methods we used to get to 2008 did take us forward - my point is that the splurge in 2009 took us forward a whole lot faster. But the lessons of that splurge weren't taken to heart, imo, and we shrunk away from doing it again using this inability to compete financially as an excuse to not do so. Yes, we cannot compete financially long-term with these teams. However, we can still compete on the pitch with comparatively smaller investments if they're the right ones, as mentioned in the earlier paragraph, and if they're made at key times in support of the right people.
I understand that you're not saying let's go huge. But we have to remember that any negative net spend is a debt that we will have to pay because the stadium is happening. Some may argue what's an extra £10m, £20m, £30m when you're more than likely going to have a £300m debt. I say a hell of a lot of difference. At least with a stadium, it is not going to turn up tinkleed to training, experience Jiu-Jiu, suffer a massive dip in form, or want to leave in a year because it's feeling homesick. It's the guaranteed way of getting those returns to buy the better players. Yes it's long term, yes it's frustrating as hell and yes it takes the romance out of football, but it's just the way it is.
Like you said, it's long term. The thing is, we could have had both those returns and the ones from more regular participation in the CL if we'd done a bit more, that's all. No one's asking to match the 100 million spent every year by City or United or Chelsea...and I think everyone realises (or hopes) that the stadium will eventually get us to a higher level once it's done, even if it did take some 19 years from initial conception to fruition (and will take a few more years to pay off after that). But we could have had more than what we're heading into the stadium with, with just a few more risks. Yes, buying players is a risk, like you pointed out above. Yes, spending more than you make is a risk. However, like I said above, a) those risks can be mitigated, b) those risks aren't large ones for a club our size and with our profile, and c) those risks can jump us ahead of our rivals (albeit temporarily, perhaps) even if they're smaller fiscally than the ones our rivals take, if made in a targeted manner. I think we missed out on opportunities by not taking those risks, and I think the club's slow rise could have been quickened if we didn't stick to the absolutely no-risk option all the time, that's all.
And here's the killer. The sooner we get the stadium, the sooner Levy leaves and gets bought out! That should get you Levy haters on side!!
Hah! Like I said, he'll leave with my thanks for a job somewhat well done, even if he made many mistakes and lost many opportunities while going about it. Solid, 6.5 out of ten. Could have done better, but nothing to be overly ashamed of.