We absolutely are not in the latter.
The board have backed the manager in every window since Sadler has taken over, I think they have given the manager the most amount of money they possibly could have given our stature, finances, what Sadler can give, etc.
It's not a case of us having money and refusing to spend, it's a case of us having money and choosing to spend it wisely.
In your mind you've convinced yourself that because we didn't make signings early on in the window that the club were refusing to spend money that they had to spend, this was not the case at all, you jumped to conclusions.
A plethora of reports have come out about how we are putting bids in for players all over the place, sure they haven't come off yet, but the sources are credible and I for one am confident that they will because I trust the board.
Do you really still believe that Sadler is just sitting on a pile of money, choosing not to spend it? Because every indication to me is that they are prepared to get the checkbook out any minute now...