I think a few people are missing the point, made repeatedly and clearly by John Milburn, that attitudes to transfer market aren't binary, even if it's easier to think of it as such.
The Leeds comparison isn't relevant either, they were a club with a stock market value of £12m carrying a debt of £79m.
If LFC, as Forbes have stated, are worth £1.2bn we would have to be carrying a debt of £7.9bn for the comparison to be correct.
Regarding Leeds, what I took from there was a club that assumed spending loads would result in automatic success.
What do you feel about Jays belief that because Leicester didn't set out to win the league, it doesn't count. They set out to get as many points as they could, and this resulted in a League Championship. Personally I believe if Liverpool do the same, they could win the league championship.
I agree people can have many different opinions about transfers, but if a person just ignores the valid counter arguments to his opinion, then that opinion is worth considerably less.
For example, I agree that Liverpool can get into debt and spend loads. But if this spend means the manager ends up with 6 sofas and no lamps, when all he needed was a lamp, then what's the point?
To take Jays extension example. Yes you can borrow money to have an extension built, but if the quality contractors aren't available til next year, then why borrow money, pay interest on it for a substandard extension? If you can wait a year, pay out of available funds and get the right contractor, then surely that is the way to go?
This show seemed to be an argument for spending big and threw in the word austerity (£70m on Gini and Mane, hardly austere) instead of the phrase self sustainable, and ignored the other factors that go into winning a title, the right manager, coaching, team spirit, luck with injuries/squad to compensate, no European competition.
If it is just a matter of spending big then having £34m Beneteke starting ahead of £9m Origi would be a no brainer and Spurs will have finished below us for the last 6 seasons.