We valued him at £8 and Chelsea, because people know they have the cash, have blown us out of the water with a bid for double our valuation. Weeks ago there was talk that Basle wouldn't agree to letting him go until a replacement was lined up, holding out until now is good business by them because they're getting the best deal available to them and can now go out and spend. People can bang on about us being amateurs, we lost out in the Summer to two (currently) better positioned clubs who can offer European Football and both of whom are in the capital. We've lost out on this guy because we've been priced out of a move by one of the richest clubs in World football. Shit happens, like I said, most people have barely seen him play, but like the Summer people are getting all up in arms because we haven't blown a wad on some youtube great.
We paid £18m for Sakho, I don't remember many people congratulating Ayre, or the owners or Rodgers on that.