Yes, see my message re false economy (with declining ticket sale revenues). There was just nothing on the pitch to excite the punters. Nothing. Largely due to poor manager and player recruitment, but also due to tightening the purse strings too much IMHO.
Calm down. As you like to do, I was merely pointing out the fact that we spent a great deal less on fees than we received from player sales.
In answer to your question, I would definitely say we tightened the purse strings too much AND paid the price in declining season ticket sales by serving...