Good spot! The point about the fee stand though, if we paid a fifth of the record fee for Lawrenson then, using the simple maths that others have used, that would be the equivalent of us spending 16 million on a player now (working on Ronaldo to Real Madrid as being the record at 80 million)
Your maths are irrelevant really. There is FAR more money in football now than there was in the 1970s and you can't just use 'beer inflation' to compare transfer budgets and resources.
The general consensus is that when we came up from the third division we were considered to be pretty big spenders. The hundred thousand for Lawrenson was the example often cited. "How many clubs that come up from the third division can afford to splash 100 grand on a single player? " was the...