Dirk Gently Royal Lady That's the whole point isn't it?? We don't know how much he got, but Mr Mad clearly didn't give him £30 million.

And, as Schards has already said, we certainly didn't spend much of the money we got in transfers for Kitson and Shorey.
I think we're fairly certain, though, that money was (and is) available to SC, but he decided not to spend it - either because the right players weren't available at the right price (or salary levels), because the players who were available didn't fit the team work ethic etc, or because he didn't want to disrupt the core team.
... and then that gets to the heart of why people might be voicing their misgivings.
Yes, we accept all those arguments, but when there's serious flaws to each of those three justifications for not spending money. Players were available - Cahill and O'Neill in the relegation season, Phillips (and Beattie?) the last summer. All were considered as 'right' and other reasons were used to justify not signing them. We have brought in a series of players that haven't fit the team work ethic - Fae, Halford being the major 2 (£5 million the pair) - so using that argument to justify not spending money loses a lot of its sting.
And the last one ... as an example: Coppell admitted in September that he thought he hadn't done enough to strengthen the team last season and then completely fails to strengthen the team in January - he wanted to be loyal to the core team and they let him down. Yes, we have a core team but they appear to be the players who often let us down the most. So even that argument is deeply flawed.
Half of the arguments on this board as to why we don't spend as much money as we possibly could boil down to 'we don't because we don't".
That isn't to say that we should spend, spend, spend but I think we should get down to a few salient facts - the club
has money to spend, the club has more money to spend
than it has spent and has a wage structure
that is competitive at this level and could be competitive at the lower reaches of the level above. There are many reasons why we haven't utilised this money - some of which we cannot help (perception of club by others being the main one) and some of which we can.
I'd happily see a youth-based team come through but it would need two things alongside it to be competitive - a number of senior pros who have a real experience and a passion to keep going (but also accept that these players have a limited life span so, for example, get the two, three seasons out of Bryn then find a Bryn Jr) and a number of cherry signings that put a dash of class into the side.
Look at the team that went up - mostly players that we signed when young (Sidwell, Harper, Shorey, Sonko) or still young themselves plus a few older heads (Bryn, Oster, Little) and then players like Convey and Lita (who were at the time our 1st and =2nd most expensive players) brought in to add a touch of class.