Jelavic figure was £7.5 million. Not 6.5
Lukaku was not 28 million up front but will be based on appearances. So its net at the current time only 24 million.
McGeady and Robles between them was not more than 3 million for both.
You have to define the period also when quoting a net spend - this is a two year net spend figure.
The net spend up to this year on all the above was:
Lukaku 24mil (rising to 28mil)
McCarthy 13mil
Kone 5mil
Besic 2.5 (rising to 4mil)
McGeady (1)
Robles (2)
Total (as of 2/2/2014) = 48.5
Fellaini 27.5 mil
Jelavic 6.5 mil
Anichebe 6mil
Duffy (undisc)
Total = 40mil
The three year net spend of EFC is actually a small positive figure. We made £2million profit on Jelavic. We sold Rodwell for £12million and a gross spend of about about £15million (net spend = + 3.0 million for 2012/2013 season).
In cash terms the club was positive because for both periods we had the new TV money increases and especially in the last 12 months another £6 million additional cash per season (so that spending was fully financed and wouldn't have led to new debt).
This basically means been with the Lukaku transfer we've barely impacted our cash/finance reserves in this two year period.
Everton have around £10m to £15m real terms cash to spend in January or £20million in August (depending on spending in January; due to new tv payments being made) if we so wish.
So there is scope for the manager to go out and get players in January if he wants to and thinks that its good value.
There is nothing stopping the club as cashflows are pretty good at the time due to the massive jump in tv money and Premier League restrictions on wage increases (to £4 million on tv money only; the rest has to be other financed)
To make it clear. The club have entirely been enabled by TV money and are massively dependent on it. The latest deals with Kitbag and so on have financed directly any wage increases.
(We keep saying the club must do better on commercial revenues).
@davek