Martin Alvito
Player Valuation: £50m
We still will have '20-21 on the books, so we would perhaps be underwater against the 105 million cap for this three-year cycle. We lost 120 million that year, and 45 million in '21-'22. Those numbers do not account for any COVID or stadium-related financial alchemy the Prem elects to allow, so really your guess is as good as mine on that portion of the problem. I'm assuming we're kosher until proven otherwise.
The number that matters going forward for compliance is how much results improve in '23-'24 relative to '20-'21. The last time I looked at it in depth, I came up with us having decent money to spend. We hadn't sold Gordon yet when I ran the math, and it looks like he largely offsets the '21-'22 loss I wasn't accounting for at the time. We have an enormous amount of amortization coming off, because we signed Allan and Doucoure at high transfer fees on shorter-term contracts and Mina is also leaving on a free. We're also jettisoning quite a bit of wages.
If we signed all young players on five-year contracts and lower wages, we might be able to get away with a $100 million net spend if we get all the dead money players we can't sell loaned out again. As the players get older and the contracts get shorter, that number goes down. If we sell Onana and/or Pickford, it goes way up. I don't think we will, in practice, spend that much unless we sell somebody.
