I can imagine Gill sitting down with Levy and saying:
"Now, we would LOVE to give you £35 million for Modric, we really would. The problem, you see, is that we allocated £17 million on the Ashley Young transfer and ended up having to spend £19 million. So, you know, we've only got £33 million left... will that do?"
The transfer budget for this summer will have been worked and reworked to allow for the signings that SAF wants. The amount we spend on Young, if we do indeed buy him, will have no bearing on any other acquisitions we do or don't make.
Also, I find it amazing that people still look at new signings as being "first choice" or benched, despite everyone using the 'squad' excuse as to the reason we won #19. It's a squad game nowadays and the likes of Young strengthen our wide options to avoid having to resort to chucking players like Anderson, Rooney and Fletcher out there and keep players like Obertan and Bebe away from the first team! Yes, they all can play wide, but with any real effectiveness?