If I read it right though we are still owed £42m for players

I think that they are (probably deliberately) trying to temper expectations of any kind of "spending spree" with the press release put out (for example by referring to £24m of cash income from player sales) when we actually sold £48m worth of players during the year. Obviously the £24m is what we have received (and most/some of that is probably from sales the year before anyway).

We've also got our player wage bill down to 50% of turnover last year and presumably have Naismith, Jarvis, Martin and maybe Klose to come off that next year.

So yes its going to be challenging and yes we are not going to have lots of spare money to throw around (probably ever) but my reading of the accounts is that we should have money coming in to cover liabilities such as that tax bill (which is perhaps more of a cash flow issue that an issue in terms of having money to pay it) so i don;t see a scenario where we have to sell say Lewis or Aarons or Leitner unless we get an offer that we feel we can;t refuse.

Posted By: Jim, Oct 24, 12:01:07