I get the impression FSG are slashing the wage bill in order to sell the club. Can't see any other reason why they won't put their hand in their pocket for new players.
I don't think they were slashing the wage bill to sell the club.
They were slashing it because it needed to be cut. We had a Champions League wage bill, without the Champions League football.
We spent big and kept giving generous contracts, presumably in the expectation that we would quickly get back into the CL. That didn't happen.
It then reached a point where there was a difficult decision to be made. You could try throwing more money at it in the hope of a quick fix. Problem is that it's a risky tactic, and one that had already failed.
You end up with players you don't want on wages other clubs can't afford, and you practically have to give them away to get them off the wage bill.
The alternative is to cut back. The downside is that while you're saving money, it's also making it harder to get back to the top.
All the owners care about is balancing the books.
Go ask Leeds and Portsmouth what happens when your owners don't care about that.