the days of one man being able to make the decision to spend £100m on anyone he likes are finished, what's wrong with the manager sitting down with the chief scouts and a few other people to discuss transfer targets?
the Manager should always have the final word and the power to veto though.
Whats wrong with is that it’s cumbersome, takes up scarce time, and often the Chairman/CEO takes their view’s over that of the manager, especially if their selection/decisions are deemed to be more cost effective...i.e cheaper.
And it costs money to have all these geezers hanging around trying to make themselves look good to the Chairman, often at the expense of the manager. An all round bad idea.