Said it once and i will say this again... that is a pittance considering our club's situation... £80m for basically any other team except us would be a lot to spend in one season, as most teams in this league already had decent enough squads/infrastructure in place (including WBA and Fulham - don't forget they had very recent epl stints).
But when we start to look at the big picture with our spending: we have the lowest expenditure out of current EPL clubs in the past 5 seasons, and then also compare the figure spent to where our squad was at coming in to this league (no permanent GK, majority L1/Championship standard, extremely shallow defensive and midfield cover)...
we had to spend £130m to merely compete on both 1st team quality and squad depth... it is like trying to bail the titanic with buckets.
The recruitment has not been brilliant, but also we've tried to go about it sensibly and kept our wage structure and philosophy of British players in place too.. it is a very difficult one to balance.
I'm just glad we aren't facing relegation with some overpaid foreign acquisitions who will leave at the first sniff of relegation PLUS the ensuing financial oblivion. Look at Stoke, Wigan and Sunderland for an example of this