so it is levys fault either way as he should have sacked him sooner!!.. & they couldn't have been that wise cos we threw away a champions league place which is the holy grail it seems these days.
I think the problem is summarised in the following (based on info available) situation...
a) Harry was in bed with the media, so if he wasn't allowed to sign someone we'd know about it as he'd be griping at spurs lodge to sky sports news whilst hanging out the range rover.
b) Harry sold a striker (Pav) during that window, seemingly saying we didn't need one - if you say we needed a good one, well that's proven to be hard to judge and a potentially expensive mistake. Piennar was also allowed to go on loan
c) Harry brought in Saha and Nelson, with that seemingly because he has a penchant for the Oldies (insert Friedel and Gallas here too, with Scotty, Gudjohnsen and however else he wanted to sign but failed to like Joe Cole). I don't think this was a "because we had no budget" situation:
http://www.theguardian.com/football/2012/feb/02/tottehnham-louis-saha-ryan-nelsen
d) If you wanted Harry to be given money to buy a player, consider from the board's point of view that we'd just loaned back a flop harry bought, and add to that his long list of "squad players" who often didn't ever make an appearance, flopped, or failed 'yoofs' - Falque, Coulibaly, Ceballos, Khumalo, Kranjcar, Palacios. I wouldn't have blamed the board if they didn't trust him to have money, but I doubt this was the issue at all based on his transfer history.
So, if you consider that not reinforcing was more the manager's decision (who certainly seemed to think Saha/Nelson was reinforcing), that's not Levy's fault really.
Looking at the 'should be have binned him off' situation, we were, what? 3rd in the league, 10pts clear of woolwich, looking pretty for guaranteed CL quals? If we sacked him then, I'm sure everyone (almost) would have had a fit - they mostly did when it happened in the summer. If he did it after the initial run of bad form and we finished 5th, the board would get the blame too.
I literally cannot see there having been a good outcome for the board at that time, besides forcing a new striker in - but who can/could you even get in Jan 2012's window that would be guaranteed to bring us form?
If you look at it from every angle, I can only see that ultimately the fault falls on Harry - he's there to sign the players (in his model) and motivate the players. In the end though, had Chelsea not won the CL, we wouldn't have been too arsed about that blip - it's all just crap circumstances that we can't really get around.