Leicester are basically Spurs with arguably better management (and who got really, really, lucky one season). There's almost negligible difference in our approaches. But, importantly I think, they got bought out later than we did. I think of it like NZ vs UK, they took over virgin territory with lessons learned from history, less bullshit to deal with and smarter choices.
[On that note, I will agree that Levy continues to make the same stupid mistake: not buying when we need that extra push.]
Leicester have also been luckier (more shrewd?) with their purchases. Tielemans was a great buy and one we were interested in. We got sneezy and dopey instead (kidding, still got hope for those guys!).
Liverpool were a bigger club than us and so they bought talent we couldn't afford. Also attracted a great manager (Klopp).
I'm not trying to argue that your point is wrong, btw, it's not. But it's not clear that ENIC and Levy have done something fundamentally stupid or wrong (except the need for a push now and again when it's seemingly going well - that's man-management and not Levy's forté). At least, it hasn't been proven to me one way or another. I'm upset at our situation too (the conte shit was a piss-taking fucking insult and I don't even live in London any more, so am not even getting an ST).
However, as a business-owner, what Levy did there was the right thing. ensuring investment to survive and afford a better season this season. If the football is good and we don't get shafted then no harm, no foul. Hard to see it that way right now, of course.
I honestly think that without Covid, we'd have been gaining further ground on our rivals with these 'portfolio investments' and that would give us the clout to invest in players at a level we see ourselves. Sadly, this is a couple of years behind now.
Kind of agree with most of what you are saying. Only part I can't agree with is that Leicester luck.
I would say that over past 4-5 years or so Leicester track record of acquiring talent has been significantly superior to ours, nothing to do with luck. Last true and massive success story was Wanyama. After that we have not got our money worth.
20/21 - 110 mEUR - Hjojberg now seems to be on the path of astute purchase, given the price we paid for him.
But other last season purchases - Doherty, Rodon, Regulion - I'd say jury is still very much out.
19/20 - 148,5 mEUR - Clarke, Sessegnon, Bergwijn, Ndombele, Lo Celso - up to now jury still out, but for first 3 we shipped out combined of 62 m pounds, and we have got almost nothing in return, might change in the future ofc
18/19 - 0EUR - no additions
17/18 - 123,5 mEUR - Sanchez, Aurier, Foyth, Gazza, Llorente, Moura
16/17 - 83,5 mEUR - Sissoko, Wanyama, Jannssen, Nkoudou
20/21 - 58 mEUR-
Castagne,
Fofana
19/20 - 104,3 mEUR - Justin, Perez,
Tielemans, Praet
18/19 -114,6 mEUR -
Evans,
Maddisson,
Pereira, Ward,
Söyüncü, Benkovic, Ghezzal
17/18 - 88,4 mEUR -
Maguire, Iborra, Silva, Iheanacho, Jakupovic
16/17 - 92,1 mEUR -Zieler, Mendy, Musa, Slimani,
Ndidi
Those made in bold are massive successes in their books. It is total of
NINE slam-dunks.
I would say that Hjojberg and Castagne go into same category + before injury Wanyama was very useful for us. Even counting them we have
got humiliated with score of 9:2. Totally different worlds. And EIGHT out of them are currently still playing for Foxes. Maguire was sold for 73 mEUR profit (!).
And other eight cost total of 190 mEUR but are now worth roughly 320 mEUR (!)
If we add Maguire numbers and already profits taken, it would be
204 mEUR paid and 407 mEUR worth / recouped.
Total sum spent - 465 mEUR us ; 457 mEUR them.
So literally we have spent more than them and still got miserably beaten.
If we leave Maguire out who was sold on, now tell me.
Would you rather have Fofana or Rodon?
Would you rather have Söyüncü or Sanchez?
Would you rather have Pereira or Aurier?
Would you rather have Tielemans or Ndombele?
Would you rather have Maddisson or Moura?
Would you rather have Ndidi or Sissoko?
All of them purchased during same period with total expenditure in the same region, all of them still at clubs.
Conclusion - we have not been cheap per se. We have spent the same amount of money. But Leicester scouting department has been so much more efficient and cleaver while we have more or less burned the money.
* all of the transaction and current values are based on Transfermarkt data, I did not make them up myself. If some values are over or understated I'd assume they would even out over such sample size already