You say this far nicer than I can.
I don't usually chime in here but you mentioning management makes it irresistible. To put it simply- This team has subtracted and has waited post Champions League to rebuild on the cheap.
If they want to slow down on over spending for success, ok. But supporters expect the extra work it takes in building instead of buying.
This year needs to be Supporters Shield and Vcup or the season is a disappointment. They chose their priorities. I don't share them but I'll hold it to them.