Then have a look at our finances. If it wasn't for player sales we would have made a loss of 44m last year. This year the AST estimate a loss of £70m before player sales. The AST also came out with the £40m budget estimate long before Ornstein had it. It's just a fact of life for a club that was massively wasted it's resources over the last half decade and is set to miss out on CL riches for the 3rd year running despite having a CL level wage budget.
I don't know what Fulham's wage budget it like, but I'm guessing it is considerably smaller than our 236m. Also people love to highlight a club down the table going on a one off spending spree but ultimately, whenever you look at a longer term view, we've always spent considerably more.