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I know you never wrote it but have to take issue with some points.
"showing a distinct lack of ambition in accepting Chelsea's money for Fernando Torres"
Torres handed in a transfer request and not many clubs keep a player who does that, especially when you're talking about a then Prem record of £50m.
"spending a completely unrealistic chunk of that on Andy Carroll, they have ensured that the parameters of skill vs age and nationality are permanently skewed in the British market."
Carroll was a terrible signing, no doubt, but it wasn't the root cause of where we're at now with Sterling. For that you have to blame money-chasing agents and players facilitated by a misguided quota system which puts a premium on a very small pool of talented English players. Without the quota system, Sterling wouldn't be worth anything close to £50m. As it is he's merely exploiting a poorly thought out supply and demand situation.
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