I wouldnt say its a myth, we did go through a period of underinvestment. I think since SAF left we have tried to change that, now its less about underinvestment and more a mixture of investing poorly and mismanagement of the resources we do have. Its actually quite hard to work out how much it is of one relative to the other because Van Gaal has made it quite hard at times to judge what a player can really do. Herrera is probably my favourite example of this, I agree with Devilish to a point, that if a player keeps underperforming, at one point you have to accept maybe they arent as good as you thought - echoes of Anderson. But until I see Herrera play under a different manager I wont give up on him. Memphis could also look much better next season if he knuckles down and if the next manager has faith in him - neither of which will necessarily happen - though it may be tricky to fit him in the side given he plays in the same position as Martial.
It is a myth Browski, we are
right up there in every way. Considering we have a good academy to provide players and got bargains like Vidic and Evra, our net spend is similar to clubs like Real Madrid. but still we are near the top in every way yet hear claims that we underspent. Since 2011 when Fergie was here and we made a CL final, we are level with the likes of City
# Nett Spend 03/04 - 13/14
Purchased Gross Sold Net Per Season
1 Manchester City £948,020,000 £278,950,000 £669,070,000 £51,466,923
2 Chelsea £995,959,000 £415,650,000 £580,309,000 £44,639,154
3 Manchester United £697,050,000 £284,150,000 £412,900,000 £31,761,538
4 Liverpool £690,780,000 £426,300,000 £264,480,000 £20,344,615
5 Aston Villa £297,750,000 £158,825,000 £138,925,000 £10,686,538
6 Sunderland £256,010,000 £141,500,000 £114,510,000 £8,808,462
10 Stoke City £146,120,000 £37,595,000 £108,525,000 £8,348,077
7 West Ham £220,030,000 £122,725,000 £97,305,000 £7,485,000
8 Arsenal £405,675,000 £309,770,000 £95,905,000 £7,377,308
9 Newcastle £301,100,000 £215,550,000 £85,550,000 £6,580,769
11 Tottenham £555,050,000 £478,100,000 £76,950,000 £5,919,231
12 West Bromwich Albion £144,855,000 £71,199,000 £73,656,000 £5,665,846
15 Lieicester £76,570,000 £16,965,000 £59,605,000 £4,585,000
14 Everton £228,750,500 £172,416,000 £56,334,500 £4,333,423
15 Norwich City £100,975,000 £53,210,000 £47,765,000 £3,674,231
17 Bournemouth £47,770,000 £4,740,000 £43,030,000 £3,310,000
16 Crystal Palace £90,735,000 £51,400,000 £39,335,000 £3,025,769
18 Swansea £91,595,000 £75,625,000 £15,970,000 £1,228,462
19 Southampton £202,765,000 £191,000,000 £11,765,000 £905,000
20 Watford £53,640,000 £45,895,000 £7,745,000 £595,769
# Net Spend last 5 Years
Purchased Gross Sold Net Per Season
1 Manchester City £472,800,000 £159,300,000 £313,500,000 £62,700,000
2 Manchester United £432,700,000 £144,400,000 £288,300,000 £57,660,000
4 Chelsea £475,959,000 £277,250,000 £198,709,000 £39,741,800
3 Liverpool £354,100,000 £190,770,000 £163,330,000 £32,666,000
5 Arsenal £258,625,000 £154,600,000 £104,025,000 £20,805,000
6 West Ham £120,600,000 £22,000,000 £98,600,000 £19,720,000
7 Newcastle £164,500,000 £68,150,000 £96,350,000 £19,270,000
8 Stoke City £88,550,000 £24,100,000 £64,450,000 £12,890,000
9 Sunderland £121,430,000 £59,550,000 £61,880,000 £12,376,000
14 Leicester £64,000,000 £8,650,000 £55,350,000 £11,070,000
10 Norwich City £88,425,000 £35,650,000 £52,775,000 £10,555,000
11 West Bromwich Albion £74,750,000 £24,509,000 £50,241,000 £10,048,200
15 Crystal Palace £74,635,000 £25,900,000 £48,735,000 £9,747,000
12 Bournemouth £47,750,000 £3,700,000 £44,050,000 £8,810,000
15 Southampton £179,100,000 £142,850,000 £36,250,000 £7,250,000
16 Aston Villa £123,850,000 £90,200,000 £33,650,000 £6,730,000
17 Everton £122,700,000 £89,316,000 £33,384,000 £6,676,800
18 Watford £40,650,000 £16,800,000 £23,850,000 £4,770,000
19 Swansea £87,675,000 £78,160,000 £9,515,000 £1,903,000
20 Tottenham £254,650,000 £308,350,000 -£53,700,000 -£10,740,000