They really are a bunch of utter cheapskates. They haven't got anybody they can trick PSG into buying for £60m anymore and it shows, they've gone round the whole of Europe lowballing other clubs.
What is this premface bullshit? You clearly don't know anything about the financial history and current standing of this club.
Not only, as bobito states, do we have revenue roughly equivalent to Newcastle, but also we're fifth in Serie A for revenue (behind Milan, Juve, Inter, and Roma), while turning a profit when practically all our competitors in the league are incurring losses year after year (including all four of the aforementioned clubs).
Our owner isn't the sort of fool who simply splashes cash for whatever new names he can get down on a contract. We've done that before, and it ran us into bankruptcy a decade ago. Now we sell high and buy low when we can - which sometimes might have us groveling for loans when we're not selling anyone (we've tried to sell/trade both Behrami and Dzemaili this summer to finance some new midfielders, but we haven't had any takers yet).
But despite what might seem like a sorry state based on our mercato this summer, we'll still out-compete teams with far more money (like Tottenham) this season.