The net spend of -9 million in the last 3 seasons is the problem, how many clubs have such a low net spend, moreover homw many big clubs do, probably none.
His net spend in the last decade is ridiculous to be honest, time and time again he's sold our best players and wasted the money on inadequate replacements rather than biting the bullet and going for proven players, he's a master at passing up opportunities to sign quality players.