"His last bit of business was good business I thought, selling Frank Lampard for Repka, Hutchison, and David James," says Tony of Glenn's last major dealings.
"It may have to happen this way again because I don't think there is a lot of money to spend," he adds.
"The crowd get the hump sometimes and say 'we're not spending this, and we're not spending that' but I think what you will find is that West Ham is a well run club, not too much in debt like some other clubs.
"If you look at some clubs' figures, they are really in the mire.
"The fact is, they have got a wonderful new stand, and when the pitch gets moved over next season, and when the east stand is done when the money is there, the season after next will see us with a ground of 42,000.
"It is going to be a cracker, and I have got to be honest and say it is going along the right lines.
"But none of that matters unless you are doing it on the pitch - and that is the juggling act that they have got."