You are preaching to the converted, mate! Couldn't agree more. Thats the way it SHOULD be, and other clubs don't leave it until the last moment. Arse being one.
Leaving it to the last moment is a game of brinkmanship, to try and get the player(s) for less ?ú's, but its a dangerous game to play. Some sellers (unless they are desperate to unload) can go the opposite direction, get bullish, and refuse to sell/haggle on price. Levy got lucky with VdV, (it fell into his lap by pure good luck) but its rare. A seller generally won't want to sell a (prized?) asset valued at ?ú20m, for half that.
Of course the downside is your main targets can slip between your fingers, as the seller won't sell, and by then you have run out of road. No time left. We are horribly guilty of this. Then its buy any old load of crap because by then you - the buyer - are desperate (as we have been for top strikers). Hence Rasiak, Frasier Cambell and now the pile of brick that is Saha; all 11.30 hour last day of window House of Netto panic acquisitions. I'm sure infighting withing Spurs over transfer targets hasn't helped too. Allegedy Redknapp swung back and forth over buying Suarez. We had offered c?ú22m and Liverpool had offered ?ú12m! We were close to buying. Then Cheatski came in with ?ú50m for Torres, and blam! Liverpool up their offer as they suddenly have loads of money.
I think the restrictions of being a plc has hampered Levy over buying big money players, as it could be construed as not acting in the best interests of the shareholders. Hence him trying to get VFM? However, we have now de-listed, have we not???