yes but Mito was talking real finances not the smoke and mirros of PSR* mind you think all financial accounts have a large amount of smoke and mirrors about them though i'm a bit jaundiced after seeing so many farmers accounts done in such a way that they qualified for benefits when they shouldn't have .
I think the point Donga was making (he used the wrong wording, correct me if I'm wrong) - wasn't that we have £200m more to spend but that we could spend £200m more and still be PSR compliant. Part of the workings out is from Swiss Ramble, updated by independent Dave Powell, Business of Football analyst (whatever that means).
Fsg lent us money. They take 12mil per year out as debt repayment. A 10 year deal to pay for 120mil main stand. They would say they gave us the moeny interest free as no bank would. Did us a favour apparently. So ignore the psr and ffp stuff. Think like a business. Can you make ends meet? For the past 2 seasons we made losses due to performance. We have expanded and made more revenues so you'd hope we can now spend more, cover thr extra wages and break even. Thats business. People talking like 200mil pops up from nowhere to pay these fees are acting like we are run by Todd bohley and we will take on the debt. Let's see where we actually end up with the fees. We have to balance this out over time and break even.
Our current net spend is 196mil. Its on the summer tracking thread and includes all current buys and sales.
Any of you thought it might be good for the club to put the idea that we have "loads of wriggle room left" out there... We've got to negotiate players sales and it wouldn't be in our interest for clubs to think we need to raise funds
