This all sounds logical and reasonable.
Until you realise that teams with no more money than Spurs outspent Spurs most years.
For a large portion of the 00's you'd say only Chelsea and Man United should have had the power to comprehensively outspend Spurs. The rest of the league didn't have the power of United or the wealth of Chelsea. The Emptycrates didn't open until 2006 and actually hindered Woolwich and yet they completely outspent us and continue to do so most seasons.
The simple fact of the matter is, some teams speculated to accumulate and some ran the team like a business, trying to increase income to subsequently increase spending.
We fell into the latter and, as a result, had a very, vey slow climb. Teams like the rich clubs, Woolwich, Liverpool to some degree gambled by spending the money to elevate themselves as quickly as possible or where there was an opportunity.
What I'm willing to say is that what is done is done and no amount of internet bitching changes it.
If the leopard has changed it's spots and keeps the new ones then this place should be better for everyone.