I don't think we'll spend 'silly money' - but we can compete for big names. How many years have we been tracking Hazard? And now he's gone to Chelsea. We couldn't compete for Pastore, Pato, Yaya Toure, Hazard, Falcao, and many other big names. I agree, I don't want us to spend 50mil on a player, like Torres, but, I do want us to spend! .
If Liverpool, Chelsea, Man City, and Man Utd have a transfer record of 30mil minimum (Liverpool: 35mil Carroll, Chelsea: 50mil Torres, Man City: 38.5mil Aguero, Man Utd: 30mil Berbatov), why can't we?
Of course, Carroll and Torres flopped, and Berbatov hasn't really had enough game time to justify his price tag.
Also, I doubt it's Wenger who is reluctant to spend the money. Although he doesn't exactly indulge himself during the transfer window, do you think, if he had his way, Nasri AND Fabregas would be allowed to leave? Fabregas yes, since he had wanted to go to Barcelona for so long. But Nasri, a player who Wenger said he would under no circumstances sell, could have been kept - if our chairman was a tiny bit passionate about the club. Again, you could say Nasri was unhappy, and wanted to leave, but Spurs kept Modric, didn't they?
That's why I want Usmanov to be on the board. David Dein is on the board of R&W (Usmanov's company - I think Dein left, apparently to improve relationships between R&W and Arsenal) - and, after Dein left, so did Henry (who said he became disillusioned after Dein's departure.) Dein was also responsible for the signing of a certain Dennis Bergkamp, and we all know what he did for the club! Read his Wiki page:
David Dein - Wikipedia, the free encyclopedia
You could tell he loved the club!