Buying young players on the cheap that can be developed and sold on has always been Levy's modus operandi imo. And complementing them with some decent veterans. He most likely envisions us as a English answer to Dortmund, Leipzig and other continental talent factories.
He clearly sees being in the European competitions as success, which doesn't necessarily sync up with the fans who want silverware as well.
If we could just get a few cups while doing it the fans probably would not complain as much. And the ascent of Brighton and to a lesser extent Brentford means that our position as the "talent factory" is under threat as well.
