In the last five years we've made 15 million more on player sales then we've spent on players bought.
Of course we've spent nearly 15 million on agent fees in that time period, too. But given that the wagebill has only risen at the same level as our income, it's five years since we've spent money on players that we haven't generated through sales.
Yeah but our wages are too high, that they are going up in line with our income.. simply means that they are staying too high as our income goes up.
If our wages were less, then the difference between our spend and turnover would improve..
Problem is our position would likely suffer so the board and the manager have walked a fine line between selling too many and plummeting down the table, or selling too few and not finishing high enough to cover it.
So far its worked as much as it can but I refuse to believe that when we are in as much debt as we are and still buying players that Moyes has not been backed as much as is possible by the board... in terms of what the club can afford...
This is not to be mistaken for me not accepting the following:
The board could and should of put some coin into the club
The board should of improved our income
The board should be doing more and need to go
Not selling the first team is not in anyway excusing the board and is in no way me saying they have done enough...
I stand by it though, if they spent any more we would be bankrupt as a business.. any less Moyes would be really struggling.. I think they have backed him as much as the club can... in light of how badly the club is run anyway.
Throw in the CL money and I am convinced most would go back to Moyes, the rest will help to carry on the status quo.