Leadership is just learning the wrong lessons from the past. Getting good deals is fine, but it doesn't mean that every expensive player will fail. At the end of the day, the only reason we got Baleba at a better price than last year is because he had a terrible season, otherwise, he would've been another £100m+ player. If Lewis Hall plays well again this season, he'll be another player we won't be able to afford.
Yes, spending money doesn't guarantee anything, but it sure as hell delivered trophies to Arsenal and City, even when they made mistakes.
We have ownership that lacks ambition and isn't willing to put any money into the club. Ultimately, if we continue not challenging for anything and being in and out of Europe on a regular basis, the value of the club will diminish. Meanwhile, the vampires are happy to squeeze every last drop of blood out of this club.