We don’t have the lowest wage bill in the league. Far from it. We have the lowest ratio of total football related wages to total turnover.
Take Tanguy as your example. His fee was just under 60m? His salary for the five years was around that too. Equal risk in that case. Son? Around 20m fee. Would now make 50m over 5 years? So a 30m difference. Is that the risk you are talking about? If so, it’s only 30m. You previously said hundreds of millions in fees were irrelevant, but now a paltry 30m over 5 years is a risk?
Again, we aren’t doing things correctly, but it’s not all down to wages to turnover ratios. We never even knew that was a thing until recently. Doubt we ever knew even what our wage bill was until recent years, let alone considered any kind of ratio as a marker of success.
I doubt the great Liverpool teams of the eighties were highest paid, as I doubt the ManU of the nineties were. Players wanted to play for the clubs and their managers. All this started with Chelsea, continued with Man City and has now become the norm. Hasn’t always been the case.