No he didn't he said he couldn't compete financially with the likes of Man City etc... but that every penny generated by the club would be available to the manager.
Lets just assume for a second we didn't get that injection of TV money to spend on players for a second, we actually made a 20 million profit in the last transfer winfow, so whatever way you look at it, the manager has been lied to, hes brought in what he could under the restraints that were given to him.
How can a manager plan his budget, and scout players when he has no idea what his budget will be and is lied to about money he will or wont have?
In regards to players bought and sold, more have been hits than misses, and the ones that have been shite we've recouped most of our money on, its the gamble you take when signing players, for any club in the world.
There was a general consensus amoung the fans towards the back end of the window that we would have been happy with spending the 22 million Mitrovic transfer cash on players and breaking even.
Couldn't even manage that could old Mike, good owner though.