How come there are €40m. Thought the Gordon and Kean money had gone towards to the stadium.
The money from the sale will be set against losses, how the money is spent is a different question.
My understanding is that we can book the sales of Gordon and Kean in one year but that if we buy a player the cost is spread over the life of the contract. Chelsea used this to good effect in January by giving seven and eight year contracts to their new signings.
Our wages will probably be further reduced this set of accounts as the higher earning players leave or in some cases went out on loan.
This will happen again in season 23/24 when Alli, Gomes,Gbamin finally leave, this may even happen this window if we are lucky.
However, the big prize is staying in the Premiership, we have had two narrow escapes we may not be so lucky next time.
Relegation would devalue the asset by possibly hundreds of millions so money will be spent on players to avoid that scenario .
Our biggest issues with our finances are historic at this stage(even though that may come back to bite us yet.
Our squad is now quite small, the deadwood has been whittled down to three or four players, maybe less by the end of the window.
I would guess our wages to turnover must have improved a lot in the last accounts.
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