Because considerably more money was spent on most, if not all, of the new signings before they even earned a penny.
Where did the millions spent on Kayal, Hemed, Uwe, Goldsen, Manu & Murphy plus the one I always forget, come from?
If it's 'new' money because Tony didn't trust Burke, fair...
I have no right to be sat at this table so am happy to be very wrong but:-
That increase of nearly £3m in a rising market, for a season with a £6.3m 'windfall' seems like it could be a little light.
Nobody is arguing that the money available wasn't spent poorly.
But maybe if more money were...