This isn't true though though really is it?
Whilst we've spent a lot of money, we've received big money for Lukaku, Digne, Stones, Richarlison, Iwobi, and Kean. We've also bagged transfer fees for many others. Vlasic, Barkley etc.
Also, if you think about it, we have actually improved in our recruitment strategy. Much of the damage was done in that dreadful Walsh/Koeman spell. And contrary to popular belief we haven't flushed all the money down the toilet. Here's a breakdown and rough estimate of our current playing asset value.
Feel free to disagree with any figures here, but these are based on my own honest opinion, and if anything, I'll try to be conservative.
Pickford - £45m
Patterson - £12m
Tarkowski - £12m
Branthwaite - £60m
Mykolenko - £30m
Keane - £3m
Godfrey - £9m
Mcneil - £30m
Onana - £50m
Garner - £25m
DCL - £20m
That's £286m, and I've not included Beto, Chermiti, Gueye, Gomes, Young, Harrison, Coleman, Danjuma, Holgate and Dobbin for various reasons that should be apparent.