We didnt spend a lot, and have got money off the wage bill.
I maintain a 50m profit would be helpful this summer. Not sure is Kean would count this summer. Still think we might make 2 big sales.
If we bring in 100m in sales, by my reasoning we can add 50m in fees, but if spread over 3 years, allows us to spend 150m.
But we aren't starting at ground zero mate. we're starting with the position of managing next season with 70/80 mill deficit this year - potentially and 40 mill pound reduction in income next financial year.
If for argument sake, we sold Kean before July, we're just knocking 25 mill approx of a 70/80 projected loss as opposed to adding it to a transfer war chest. A lot of ifs and buts i know as we are projecting. Our difficulty isnt fees, its reoccurring annual costs, wages, amortisation and to an extent manger compo (again that will be a cost this year) - year in year out this is why we are posting losses. We are at the point that transfer fees for outs are coving these losses. To be honest the bit of hope we have are capitalised cost for BMD and Covid - which are subjective and hard to project. So they could be write-downs that are very hard to project as aren't predictable, so they could offer scope for compliance this year and flexibility heading into July.
In a way you are right, adding players can be incremental in terms of costs.
If we sign someone like Gomes in year one here's the cost annually for five years, his overall fee is 23.5 mill as a starting point:
Annual wage: 5.8 mill
Amortisation: 4.7 mill
Annual cost to accounts per year: 10.5 mill a year - for five years.
So that would be an example of the cost annually of signing someone for just north of 20 million.
Lets take Iwobi at 34 mill (addons are included) :
Annual wage: 4.16 mill
Amortisation: 6.8 mill
Annual cost to the accounts: 10.96 million a year for five years.
So essentially signing a player for mid 20 -30 mill + adds 10 million + a year on to our losses.. Say we sign Lewis Potter from Hull for 20 million, these are the type of sums we are looking at albeit as a youngster he may be on a slightly reduced wage - that signing alone at those figures could incur a cost of 10 mill next year. You can see how the losses quickly add up year on year.