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I think that a lot of the sum paid is bonus based, sadly the accounts don't reveal more than the gross figure.

If Sheik ERNEST puts in £50 million that would be allowed. However, should the club make operational losses that exceed the FFP limits, and this is likely as the player(s) signed is/are likely to be paid considerable sums, combined with the amortisation of the signing fees, then the FFP...

As much as I'm impressed with PB's essay I wouldn't call it concise, and was slightly disappointed with the lack of smileys.

Not sure you are comparing like with like, but he has underwritten the operational losses for the last 7-8 years.

Disagree. TB has converted about £80 million of debt into equity already, nothing to say he can't do the same with the remainder.

In each of the last two seasons we were 180 minutes from the Premier League under broadly similar circumstances . Parachute payments don't help, but they are a double edged sword. This is because relegated clubs have committed to paying PL wages to players who, by definition, aren't good...

If you want to know, why not look at the accounts?

I think Palace signed a League One striker who then scored 30 goals which got them promoted. Can't remember his name though. Where did the Stains sign Ricky Lambert from, was it Bayern or Barcelona? Definitely began with a 'B'.