I think we could if we wanted to. We are 32m in profit in the past 2 years, mostly last season with the unspent Gordon money. We will have 60m after Kean. If we sell and move on a few unneeded players the club could spend 75m while still being net positive on player trading. Considering the pandemic should no longer be effecting finances, I would think that would put the club net positive on the books as well.
Doesn't work like that unfortunately mate, net spend based on fees coming in and out isn't realistic.
Here's why, our last official loss £120 mill, largely driven by wages and amortisation. Likely this or next week we are going to post a loss of £60-70 mill - up to June 22. These losses in real terms eat into any revenue or savings coming into the club i.e. transfer fees.
This year 23, we are probably back in profit, but not because the club has improved its financial situation once and for all. But mainly because we never spent the Gordon and Kean money in this financial year, so that cover a loss of somewhere i think of 35 - 45 million this year 22/23. That's the financial picture.
Now to look at profit and sustainability, we can loose £105 million over three seasons - clearly we are at the pin of our collar with that when you analyse our losses over the three year (four years averaged for Covid). So not only do we not have the revenue, we also have a profit and sustainability ceiling and what we can actually spend and stay within the limits.
The good thing is, if as i suspect we post a profit this year (23)- it creates and posts a very good year and wiggle room in our three year profit and sustainability ledger - the best we have had in a long long time.
I suspect our budget will likely be the difference between our loss for the year (45 mill odd) vs income Gordon fee & Kean - but its a very tight wage and amortisation celling we have as to what we can take on to our books as costs without posting bigger losses.
Our budget wont be anywhere near 90 mill in my opinion - nor should it be - or we have learned nothing.