I'll just leave that there. £40m+ was never going to happen. Based on a £21m operating loss 2 seasons ago (offset by KLP sale) Id suspect around a £25m loss last season. Hopefully salary to revenue is now under 130% so we may stop haemorrhaging money week by week. We don't have £60m to spent and we have 1/2 a team. It could be a very challenging season.
If we make a profit this year it doesn't matter how close last year's loss takes us to the limit.. We also barely spent anything on transfer fees last year (1/4 of Philogenes fee + Pandur + abdush offset by Tufan sale).