I tnhink Covid19 toppled the club over a cliff it had sidled up to but thought it would never go over. That was idiocy made madness by a natural unforseen event. If Covid19 hadn't happened we'd still be in buying mode.
The massive losses are ultimately down to 5 changes of manager - that leads to a lot of waste in terms of players not being fancied by each successive appointment and handing them cash to correct the previous "wrong" spending. If we stick with one manager and back him for a few years then that will address itself.
This is 100% correct and we are still paying off various managers to this day
Seen so much whinging and cryarsing over the Fat Man in charge, Carlo left because there was no money for him to buy what he wanted, it has been said that Real have no money and then there is a bid for 160 million for M'Bappe with 45 million a year wages?, as @davek says we need to sit with the same manager for a few years and see where we end up, I don't believe he will be worse than 600 million and finishing 10th.
Regarding Brands, needs a kick up the arse over the right back, but I think the Patterson bids were from him and probably Buta (if true?), but that's all we have seen from him again this window? at 2 million a year for his wages, that's also criminal!