I highly doubt it. This is the one thing that has soured SAFs legacy for me.
I have absolutely no love whatsoever for the Glazers but it’s impossible to argue that they have been “bad” owners (in terms of spending) since about 2011. Our net spend on transfers has been consistently top 3 in the World during that period.
However, it’s also impossible (in my opinion) to argue that the positive net spend between the Glazers taking over in 2005 and the refinancing of the PIK loans in 2010 wasn’t down to cost-cutting to ensure repayments could be met. It’s just to much of a massive coincidence and there’s no other logical explanation.
What I have never understood is why SAF pandered to it. Not only did we constantly get the “no value in the market” drivel (from a man who had broken various transfer records over the years) but we also got comments like “if you don’t like it, go and support Chelsea”. I’m not a fan of throwing money around at “names” but you would have thought the club would have been in for the best young players in the game at that time, as we had always been historically under SAF. The confusing part, and the bit that hurts, is that SAF had the power, the control and the kudos to stand-up against the Glazers. I’m not asking him to go full Jose and start spouting off in the press but just tell the truth, or at least don’t lie to cover their tracks. Saying nothing would have been far more preferable than SAF trying to tell us it was raining whilst the Glazers pissed in our pockets!