As I pointed out on another thread, Randy Lerner put another huge injection of cash into the club in October last year, and massively increased the authorised share capital as well, presumably with the intention of doing so again in the future. I believe that Randy, within reason, is fully prepared to make the decisions necessary to ensure the success of the club. I don't think we're struggling to bring the necessary players in due to lack of funds, I think the responsibilty for that rests solely on the shoulders of the manager.
We soent nearly £50m on players last season, so "less" than that would still give us plenty of scope to bring some decent defenders to the club. Randy has backed O'Neill's judgement with cold, hard cash, it's not his fault O'Neill wasted it on turkeys like Davies, Cuellar and Shorey.