Kind of, yes.
He has to spend something or he's just literally doing what Kenwright and Moyes did unsuccessfully for a decade. Selling high, buying low.
We need £130 million investment in the squad if Rom goes. We really do! You said yourself, January doesn't work. So if we buy 80 mill and have to replace Rom...we spent, what? A bunch on a Rom replacement. Plus all the other attacking positions we need. And our defense. And probably a keeper.
Alternatively, we buy a few players and replace Rom. Finish 6th. Sell Ross. Rinse, repeat.
We need to actually buy a squad ffs. Our attacking options are horrifying. So our our central defensive options honestly (and they're aging!).
It's not like we have a big squad that can absorb it's best player leaving, replace him, add a little bit extra and we've made it.
We're miles off being able to regularly compete for and in the Champions League.