Their net spend is nonsense. There’s a direct line back from Van Dijk/Allison to Coutinho,
from Salah to Suarez to Torres Alonso Mascherano - who were all initially paid for with money Hicks and Gillet didn’t have, but rather than having to align to PSR like everyone has to do now, they got a friendly court bailout, their debt wiped, given to FSG on the cheap and allowed to keep all the playing assets they bought with money they didn’t have! So Torres Alonso Mascherano are all sold, Suarez is bought and the chain carries on and the ‘net spend’ argument with it ever since.
Chequebook fc, since their inception as a football club all they’ve done is paid the most money to get the top players to keep themselves relevant. They’re the original and longest standing financial dopers.
Should have been wound up in 2011 and forced to give back their 2006 FA cup.