Not spending is generally a pretty bad policy in an inflationary environment.
If we really have been waiting for particular players to become available that seems like bad news to me. Good players aren't that scarce. There's no reason we shouldn't have 4 or 5 alternatives to any priority target.
Actually the increase in transfer values hardly going to be along the same lines as we had this year. It is never a line with an even slope. So this year it is ok to not spend if you don't believe you are going to solve a problem.
I think the owners got it pretty much bang on in terms of managing money...they will run rings around everyone this site has to offer in term of managing money. I have worked in an investment bank for 10 plus years hoping to catch a break to make it like them.
Only idiots will question how well we are managed financially.