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I was expecting players to be sold or released, which is what I meant by additional wages. Replacing one player on our maximum with another is OK, but replacing a second - string adds to the costs. My observation was about how small the margin is and its constraint on our spending. With a view...

Some transfers are now done on an instalment basis, but ours have been funded by additional "borrowing" from Tony. So although we have made a profit, it is fairly notional. For me, the interesting point is that our income is £140, with costs of over £100m. While you can increase income by...