Us, Wolves and Leicester have shown this season that if you don't invest enough in the playing side, you fall behind.
Bournemouth appear to be bucking that trend, and Palace can't be accused of largesse
We spent the 14th most in the league over the summer, so we are underperforming slightly on that metric. In terms of net spend we spent the 13th most, although Man City and Liverpool are both below us there and I don't think that anyone would reasonably expect us to finish above them as they are starting from a much higher position than us.
By the same token, though, we were starting from a much higher position than Bournemouth, Fulham and Leeds, who have all spent similar amounts to us and find themselves higher in the table (Bournemouth and Fulham spent less money and Leeds had a negative net spend).
Whichever way you look at it, the team has been underperforming. Gerrard, Lange, Purslow and the owners all need to take responsibility for that and do something about it.
It's a great article Dave - I really hope some of the people involved get to read it.