He said: “I get told that certain people are saying Randy Lerner’s promises have not quite happened. How anyone can possibly make any comment about that considering Mr Lerner was only involved for a day or two before transfer deadline day in August?
“We still signed Stiliyan Petrov and came close to getting James Milner before he was recalled by Newcastle. Then after that there has been no opportunity until this month to do anything.
“How can anything possibly materialise if you haven’t had the opportunity to do it for four months – September, October, November, December?
“I am satisfied Mr Lerner has the club at heart. I do not expect to be spending money in the method that Chelsea have done but not many do.”