Unfortunately we don't have unlimited money. A lot is made out of the tranferless windows - yes we didn't buy, but we also didn't sell when we could have. Those assets have now depreciated and/or gone. That "lost" value is an expense.
Should we have bought players then? Yes. But you have to be realistic in knowing that doing so would have meant selling as well. Would we have ended up in the CL final had we done that? Perhaps...but perhaps not.
Expecting Uncle Joe to just liquidate his estate to buy footballers, however, is stupid and its not going to happen. So feeling hard done by ENIC because they force Spurs to live within our means is pretty foolish. Our next owners won't be any different.
We came close and fell short. It hurts. But its not Levy's fault that football has become such a reprehensible money laundering scheme.