Ian Holloway has blasted the “silly amounts” of money Fulham have spent on signing Ross McCormack from Leeds United.

McCormack signed for Fulham in July from the Lions opening day opponents and Holloway questioned The Cottagers transfer fees, arguing he would rather build a club organically as opposed to inflated transfer fees.

Millwall face Fulham in their second Championship fixture on August 16, and speaking to assembled Media on Tuesday, Holloway blasted the relegated Premier League team’s frivolous spending.

“Would I want to spend £11million on one player?” Holloway commented. “How does anyone equate that Ross McCormack should go for £11m?

“Fulham have got silly amounts of money and they’ve thrown it around willy nilly.

“You’ve got to look beyond that fee and see that it’s still only McCormack, who played very well last season. But is he worth that much? If they want to spend £11m, they can.

“There are different ways to build a club. I want to build a club with planning and foresight.

“We’ll improve the facilities, up the tempo and up the hours of our academy players.

“We won’t promise players the earth at this club, we’ll make them earn a living.”

Millwall survived on the final day of the season last time out and Holloway is “delighted” to be in England’s second tier, and envisages the Lions as a self sufficient club if they were ever to reach the Premier League.

“I’m delighted to still be in the Championship,” Holloway added. “We are one step away from the promised land and a load of money which would set this club up for the rest of its life.

“I would then spend that money on securing the long-term stability of Millwall.

“The fans deserve a stable club - the 8,000 who turn up every week are loyal until they die, and I want to be part of their pride.

“I want to be with them and set some standards for them which they’ll see on the pitch week in, week out.

“The lads know that we can make this real so that’s why we’re all excited. There’s a buzz around the place.”