Don’t they also have to pay interest on the €1bn they owe, as well as back pay to their players who took wage deferments?
as far as I can see, they have spent approximately £60m on Raphinha and are looking at Lewa for £45m, Kounde for £50m, or thereabouts, £20m on Azpi and Alonso, and are trying to sign Bernardo Silva, who Man City probably won’t let go for less than £80m. Though they are trying to flog De Jong for £60m, they still owe him €17m approximately in wages. They also owe money for previous transfers, including money still outstanding f Coutinho. So if they do get the players they want, and La Liga allow them to register them, they will have no money for transfers for January or next summer.