Correct.
I was talking about this with an Everton's fan a while ago and he just couldn't get it.
"It's wrong what city have been allowed to do"
"Why?"
"Cos it's unfair. You haven't earned that money. You should develop your own players and progress that way"
"What, like SWP? You mean. Or Southampton?"
"Yeah."
"We had to sell SWP as he had his head turned by Chelsea, and we needed the money and Southampton sell their best young players every season"
And round and round it went.
Fuck them. Everton were one of the original 'big 5' and didn't give a stuff about anybody else. They just didn't know that they would be unable to turn their advantage at the time into on field success and would eventually get left behind.
And now, at best, they are a mid table side who may have an odd cup run and thanks to their, and others, myopia that's all they will ever be.
It makes me feel all warm inside.