As I said, it depends on the sales, since we are hamstrung not by our cash reserves but FFP/FSP limit. McTominay sale would be pure profit as hes an academy product (book value =0), so 25-30m for him would cover the amortized fee+wage of a 60-70m signing for a couple of years.
Our striker signing is accounted for in our original budget (~ 100m) this summer. We've spent about half of that on Mount, hence we are trying to negotiate a 50m fee or below with Atalanta for Hojlund.
Budget is BS like last summer, real issue is actual cash and his we use it, we paid for Mount on term 5 years at £11m, people think after reading the last quarter that there is £73m cash reserves plus a rolling credit card with £260m extra for transfer fees. What they don’t realise is the club has a wage bill of about £325m per year even with reductions so that’s £27m from cash reserves for wages just this month plus we have agreed amortised fees that need to be paid for transfers which were previously agreed, transfers like ; L Martinez, Casemiro and Antony, plush Previous seasons Sancho, Maguire, Varane. The club owed over £300m in amortised transfer fees which is probably an additional £80m this summer, something that the revolving credit card will be used for, saddling the club with more debt.
If the club had been sold and the club debt plus amortised transfer debt been paid, a new owner really could have spent £300m easily without sales because the turnover of £640m would have allowed sone creativity with the new FSP rule, the club got fined €300,000 because no money was invested by our owners into the club over 3 years so we showered an small operating loss even with the Covid rule adjustments.
It really looks like Onana is being held up because Inter are more desperate than us and want cash up front or at worst in 2 instalments, which is probably what the compromise will be €50m plus €5m add on but the €50m paid in two €25m instalments, one now and one next summer. Think this will be sorted today or tomorrow. It also looks like ETH/JM are being given control to weal and deal throughout the summer and have started aggressively, the Saudi new money could also help immeasurably.
Assuming no takeover this summer, however a best case scenario could be the following ;
Player Sales and Releases ;
David De G - No Fee £375k wage reduced
P Jones - No Fee £120k wage reduced
A Tuanzebe No Fee. £60k wage reduced
Z Iqbal - £850k. £10k wage reduced
E Laird. - £750k. £5k. Wage reduced
W Weghorst - LE. £80k wage reduced
J Butland. - LE. £25k wage reduced
M Sabitzer. -LE. £125k wage reduced
Sales that should happen ;
A Teles -£15m Saudi. £100k wage reduced
A Elanga - £20m PL £25k wage reduced
Fred -£15/20m PL £120k wage reduction
D Henderson £20m £120k wage reduction
M Jurado £2.5m. £5k wage reduction
E Bailey. Free. £120k wage reduction
Sales that might happen ;
S Mctominay - £30m. £60k wage reduction
H Maguire. - £30m. £200 k wage reduction
H Mejbri - £20m. £25k wage reduction
A Diallo. - £30m. £25k wage reduction
AWB - £30m. £100k wage reduction
DVB - £15m. £120k wage reduction
J Sancho - £50m. £350k wage reduction
We might sell all in ‘
should sell category’ and miraculously raise £70m however with Jurado, Henderson and Elanga all being products of our academy and represent net transfer profit of £42m, this could increase our transfer budget by £200m due to the way this figure can be amortised. Potentially the club could spend £300m bit the reality is they just don’t have the cash to do so!
ETH and United best option is to sell all from the ‘
should sell category’ and make sure they get at least half the cash upfront and half in payment terms and then hope that they sell 2 players from ‘
the might sell list’ with buyers who pay cash upfront.
If West Ham give us £50/60m cash for Maguire and Mctominay, the club might then have about £200m working capital to potentially complete £250-300m of actual transfers, whilst at the same time leav about £150m on the credit card and £50m in cash reserves to pay the monthly bills.
A Summer window ;
A Onana, J Frimpong, M Mount, D Tadic/J Felix, R Hojlund, S Amrabat might not be so bad plus we might have a shock at the end of the summer like Casemiro was last year ?
I Add the caveat if this actually is happening then the club is definitely being sold, if we just complete 3 transfers and a free here and there then the Glazers are staying 1 more year ?