blythspartan Alan Nixon claiming to know what we are probably already aware of. Sounds like we’re struggling to make signings which again is hardly a surprise. I still think it’s harsh that we can’t spend a small proportion of any transfer fees that we receive on new players. I assume the player we have received an offer for is Joao. Good news if there’s no point in selling him.
I heard Nixon speaking on R5L telling Derby fans that that takeover would go through that he’d personally seen proof of funds. We all know what happened with that one.
https://footballleagueworld.co.uk/conce ... erges/amp/
The article doesn’t say we can’t spend any money
It makes the frankly daft suggestion that if we sell a player we can only replace them with a player that costs less.
So in theory we could sell Joao for £10 million and replace him by paying £9,999,999.99 for a new striker.
As I understand it our first restriction is we have to stick to the business plan getting us to compliance with P&S rules as top priority. So any income has to contribute to that. If we are ahead of that and can show we have surplus funds the EFL can approve spending on a case by case basis. Which might make it harder to compete in the market, but doesn’t stop us paying fees. So if we sold Joao for £10 million we might be able to show that £5 million of that moves us ahead of the business plan. We could then ask for £3 million to be allocated for player signings with £2 million to cover wages, agent fees etc. The EFL might agree but limit single fees to max £750k and wages would need to meet the existing limit for new signings.