Tilling
Player Valuation: £6m
I'm going to be honest. I think the situation is dire.
We have a central midfield that is utterly reliant on a 34 year old Idrissa Gueye, with no one signed to replace Onana in the engine room, as a defensive or central midfielder.
Can see where you're come from - but I think dire is a bit extreme, even regardless of the fact that we don't have cash to burn. I think the club knows that midfield needs a refresh, but it is hard to do that in one window. Ireogbunam has been brought in to have a season to bed in, and likewise Garner is a useful squad player. Doucoure will be dropped back to replace Onana, which frankly will suit him better - Doucoure behind the striker was always a needs must situation.
Likewise I think Gueye makes our midfield better, but I wouldn't say utterly reliant - no doubt we'll be looking to sign his replacement within the next year, but is that a priority this summer with 2 in 2 out?
Our starting right back is either an oft injured 22 year old wingback who is defensively suspect and not favoured by our manager, or a 35 year and 39 year old, both of whom have relentlessly been the focus of (often successful) opposition attacking forays last season. I don't consider Mason Holgate an option.
We have one(!) starting quality left back, who is coming back from serious injury. Our only back up to speak of is again 39, and again an obvious weakspot for opposition sides to exploit. I don't consider Mason Holgate an option.
I agree that our fullbacks are bad - Patterson badly needs a loan out and we need cover on loan or on the cheap/free. Seems like it will happen though in the next few weeks.
We have a starting striker who is oft injured, rarely scores, and doesn't want to renew his soon to expire contract. We also can't seem to win without him.
We do need to move DCL on, but it is harsh to blame the club for trying to get as much money as they can for DCL given how important he is to us - as you put it, we can't seem to win without him. He'll go late in the window a la Iwobi when it becomes apparent he won't sign a deal, and the club will have a deal lined up given its been clear he won't resign since May. Difficult to buy a striker when we have Beto and Chermiti on the books too, both of whom need minutes in the Prem to improve.
I would have thought any funds spent would be in our obvious above positions of need, as opposed to what look to be predominantly luxury purchases to date. To not deal with these obvious midfield/defensive holes first, to me reeks of utter carelessness and irresponsibility.
There's not much point signing wingers and attacking midfielders galore if we can't win the ball in midfield, can't defend on the wings, and can't attack with width because our fullbacks are closing in on 40 and can't run or cross.
Without points deductions, we'd have finished 12th, 2 points from a top half finish. That suggests to me that all the issues you mention in bold aren't as bad as made out.
I don't think any of the signings so far have been luxury purchases. We needed to add youth to the aging midfield as part of a gradual rebuild - we signed Ireogbunam. We were one bad CB injury last year from Keane starting every week - we've signed O'Brien. We needed to replace Onana in the midfield - we've done it with Doucoure. We needed to improve on Doucoure behind the striker this year - we've signed N'Diaye. We needed to replace Harrison - we've signed Harrison. D) And we desperately need attacking depth so we aren't playing the likes of Dobbin - we've signed Lindstrom on a cheap loan. All of these were obvious positions of need!