petersaxton:4880784 said:If transfer fees are paid in stages then you can budget on a cash basis over a few years. The problem is that if you get relegated after a year the cash available in future years is reduced. I suppose you can write clauses in the contracts to ensure you pay reduced wages, terminate contracts, have buy out clauses but it gets complicated and it puts you at a disadvantage when competing with "more established clubs".
But if we spend future years cash now how are we going to improve the squad in future years if we've already spent the cash