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For spending to little and being uncompetitive.
We spent over £30m last summer plus tried to spend another £15m in January. On Top of this there are loan fees to add for players like Arter, Camarasa and Niasse, so we have easily spent £50m in total. How is this too little ? Fulham spent £100m and look where they are. Most people agreed last summer that spending around £30m was about right in our circumstances and come what may, we will be in a much stronger financial situation at the end of the season.
I'd rather spend too little and go down (aka us ) than spend too much and go down ( aka us last time ) with that holding you back for years after .