Don't get me wrong, I'd love for us to get Sancho, but not if our transfer budget is limited to the extent that signing him is going to impact our chances of strengthening the team to the extent that we need.
If we're completely realistic, we need at least five starting players (CM/CDM/RW/RB/CB) of high quality to compete for top four next season, which is where we want to be. If buying Sancho limits us to two signings this year, then we'll still need three next season (four if Pogba's gone by then). Limiting our spending on two top players every year will just see us have a merry-go-round of top players coming in, only for the previously signed top players to want to move due to lack of quality in the rest of the team.
Of course, we can't go around spending £50m a pop on shit like we have done, but like City and Liverpool have shown, it's very possible to buy real quality from all over the world for £50m. That could see us getting four players on a £200m budget, plus anything we bring in from sales would be used on top of that. That's a scouting issue though, not a matter of quality being impossible to find for those amounts. I didn't scout them so I don't know why you're blaming me for the Mkhitaryans and Freds.
Like I said, Liverpool spent £150m (not really but let's not argue that point) on two players because they had already built their squad and those were the two holes that needed plugging. If you want to compare us to Liverpool, you should look at their transfer business since Klopp came in, because that's where we're at. We're not at the point in terms of squad building that Liverpool were a year ago, and if you think that you're deluded. We need to fill pretty much the entire team with quality, and that's simply not feasible to do in two transfer windows if you're only looking in the absolute top department of players where you pay £100m for each and every one of them and have to pay them Sanchez wages to get them to join since we're not in the CL.