Here's the problem with this theory: if Levy's failure to get Spurs to the pinnacle had mostly to do with lack of transfer and squad spending, and not the massive fact that the dynamics of the football economy have been ripped to shreds and redrafted by financial doping, explain why Woolwich and United are where they are these days? Both clubs have invested heavily, and both make huge revenues.
Liverpool cracked it by smashing success in recruitment, truly an astounding an unparalleled success rate.
Levy has absolutely made critical errors, namely not delegating football to a football expert. But the vast majority of the inability to get over is the headwind of financial doping, not the small effect of the anchor drag that is Levy.
We absolutely wasted our best chance in 16-18. But that's as much on Poch and the squad that totally capitulated as it is on Levy. Plenty of blame to share around there.
If Liverpool persist through another squad rebuild once Salah, et al fuck off the chase the truly big bucks, I'll be amazed.