"We will build and grow from within, buy prudently and cleverly and never again waste resources on inflated transfer fees and unrealistic wages. We have no fear of spending and competing with the very best but we will not overpay for players."
In other words they paid way over the odds last year and have now gone to the opposite extreme and are pinching pennies even when the manager clearly had been told he was getting a striker.
If they knew they werent gonna pay more than £3 million for Dempsey, and obviously they knew that was way below Fulham's valuation, then they shouldn't have cleared out everybody else first. Keeping Carroll or, better, Bellamy, wouldn't have cost anything (apart from their wages). It suggests a complete incompetence from somebody to have the clear out and then go to the last day of the window with a "we know we are not going to pay what club x are asking for our target, no way" but not even have any fall-back option!
Henry is at least admitting that they fu**ed up, but how it was allowed to happen is hard to understand. It looks like they went through the whole summer transfer period without any serious plan.
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