This is the other notion being bandied about as a valid reason why he's not worth what Dortmund asked, completely suspending the fact that, currently, the teams that can afford him - outside of us - are already stacked in the position or have their eyes on other players who are longstanding targets.The worth of an asset is determined by what someone is willing to pay.
My house is only worth what someone is willing to pay to for it. I can put my house on the market for £500k, but if I'm only getting offers of £300k, it's stupid for me to continue to claim it's worth half a million. Whether I sell or not is up to me, but that's irrelevant to the value of my house.
If no club is willing to offer 120m for Sancho, then quite simply he isn't worth that much money. Dortmund can refuse to sell, but that doesn't make him worth any more.
Madrid - everyone knows that they have had eyes on Mbappe, a longstanding target since 2018. It's also rumoured/suggested they want Camavinga; collectively, that's a £250m window.
Barcelona - whatever you want to say about their finances, Sancho is not viable for them as they have Messi, Fati and Dembele for the wings.
Chelsea - have just spent a fortune across a number of positions
Liverpool - have Salah and Mane
City - He's not going there because of Pep
Bayern - they don't spend that kind of money.
So this echo chamber that has somehow built up to a crescendo makes no sense - there was a reason why this was seen as the perfect storm for us.
What we're prepared to pay is irrelevant if it's not what the seller wants and has shown that they will gladly walk away from.