What the hell has stadium enlargement got to do with transfer policy UV? How about buying numerous players in there late twenties to early thirties for millions upon millions on massive wages and long contracts? How about racking up £80 million of debt?, long term-ism that was it?
I agree 100% with the policy apparently being taken. If you're going to spend big money on a player then you should try to find someone with quality who's young enough to play for the club for years but still have plenty of resale value should they want to leave or you want to sell them. Its no good spending £10 million on a 29 year old and paying him £60,000 on a 4 year contract. That's £22 million you're never going to see again on a player who might end up failing anyway. We should certainly be open to any age of player at the right price and the right wages, but when looking to spend big we've got to look at young up and coming players IMO.