Point 1. Clubs like Southampton and Brighton are happy to finish 17th every season hence why they spend within their "means". Our fans would be holding marches down Goodison Road if we spent £20 million a season we hounded Kenwright out for over a decade because of that !!!
Point 2. No one is arguing that he hasn't sanctioned the spend - same way Shiekh Mansour and Roman Abramovich sanctioned heavy spends themselves in which both of those clubs also posted heavy losses at the beginning before they became CL clubs.
We should have become a CL club with the money we have spent but we haven't and now we're paying the price. That failure is down to the people who spent money on players ultimately not good enough.
You can spin it whatever way you want to try be edgy on the internet but thats the truth. If Everton signed Salah instead of Bolasie, Kante instead of Schneiderlin, Soucek instead of Delph we wouldn't be 18th in the table regardless of the owner.