You honestly believe that?
So all this talk about our business is virtually done, you don’t believe that. Obviously doesn’t mean it’s done , could mean we’ve identified the players we want and also the back up options.
To an extent. I thought it last season as well and we did business via, a line of credit and a capital injection, I didn’t think we would use either.
It’s pretty simple, this summer we will see turnover drop to in and around 170 odd million without European football, we have a wage bill of 140 mill, optimistically that may have dropped with sales and loans out to 120-130, but we also recruited Richarlison, Digne, Mina etc so it’s not unreasonable to also assume we just redistributed wages on Rooney and Klassen etc. We also posted a loss this year from a profit.
So there is limited cash in the business. So where will the money come for transfers and wages? Three options really.
1) Sell to buy/player trading.
2) Moshiri could provide another capital injection, he could, but would be mad to, he is also likely to provide capital due in the stadium.
3) Debt, we took on some to help last summer and used Chinese bank facility to help last summer. We will also want a clear the deck of debt if we are going to borrow in part for the new ground.
So for example if we go for Zouma and Gomes that’s 50-60 mill straight of the bat that’s doable on multi year deals but with increased wages you can see the predicament. That’s just standing still. So we are operating in limits.
Just my opinion mind, I said the same last summer, we were rescued by a Moshiri cash injection and debt, there is only so often we can do that and his words at the agm indicated a limit on his support to transfers.
We will do business but I don’t think we’re as flush as some of the posts in this thread suggest, it will be very strategic business, working within limits, based on what we can do to reduce the wage bill with outs.