This is exactly what Bloom said in a fan forum about transfer fee income in September when asked about Ulloa and Buckley...
"We’ve just got to make sure we get the best possible deal for the football club. We invest some of [the transfer] money [in players] but we didn’t spend it all, and some...
But he did. Bloom said in a fans forum, and Barber has said many times since that not all of the incoming transfer money would be spent on players fees. This isn't unusual. Few Champ clubs would spend all the Ulloa money on new players. (Palace didn't with Zaha to pick one example at random).
I...