He didn't want a ready-made team he wanted the power, money and ambition to build a team that could compete. He made reasonable requests, wanted similar things that he would get at our (supposed) rivals and was told no, Spurs don't have the ambition to compete for those things.
How would fans not be pissed at hearing that Levy has shown, once again, that we are not willing to be a big club, not willing to compete with the top teams and once again trying to do things on a shoestring budget with him being in charge of football?