Football club funding their transfers from money they receive for departed players, yes indeed it's an outrageous claim.
What I've been saying for a while is that we will not go and spend heavy money, City or Chelsea like, to rebuild our team because we don't have that kind of money. We also don't have the money to compete with City for certain players. What we have been doing basically ever since Glazers arrived, with one or two exceptions, is to find talented players and move for them early on to secure their signatures before someone else snaps them up. We have also been offloading players at very good prices, which helped us to fund these players because I do not believe at all in the £30m a year transfer kitty given to us by owners.
There is nothing wrong at all with how we have been operating. We are run as a business and we are expected to be profitable, so it's only reasonable that we will look at cheaper alternatives and be sensible about our moves. I don't expect us to go out and buy recognized players at very high prices because we cannot do that with City, Chelsea and to some extent Barcelona and Real Madrid around, it's a recipe for a disaster. We have chosen another path and it is working well.
The only real issue I have is that we are not moving for a midfielder, and have not been for a while. I think the reason for that is a mixture between Ferguson putting faith in our current personnel and the lack of a truly class midfielder available at a decent price in the market (hence there is no value in the market comments). When you look at transfers from the past two or three years there has been very few midfielders available who would improve us. If we had £150m to spend like City have we would have probably got someone like Modric by now but we cannot do that, perhaps this is the year to bring him or someone alike, especially as Tottenham will miss out on Europe, but I'm not sure it will happen becaue a few other clubs are looking for the same kind of player.
To be fair I am tired of explaining myself on this subject. Plenty of other people hold the same opinion, though I admittedly talk about this more because I spend a fair amount of time in here, perhaps too much which is why I have been trying to cut back on it lately.