Yes. You can dress it up as 200m this year and installment.
You can pull that off, but not everyyear. Do that 3x in a row and we'll be left with bigger debt than the original glazer debt.
Off course if the right player comes along (say mbappe at 150m) you'd beg steal borrow to get him. But there are always limits on how hard you can pump up those numbers.
I'm not saying a straight 200m and not a penny more kind of budget.
Yeah, I agree, we are a bit hamstrung by having a lot of instalments left to pay from earlier transfers. Getting rid of Lukaku was one step.
But we are so strong financially that if the right transfers opens up we can easily do what Real did this summer. But sure, its not sustainable over time for every window if you dont sell off as well.
I just dont belive this thing about a "transfer budget". It has never been a problem so far. Compare that to Barcelona who have had to take out expensive short term loans to finance their transfers.
Its all about opportunities and tbf I dont think there were that many last summer except for what we got.
There might be nxt summer and we could splash large. Or it might be the same and we will not and the Caf will go mental.
Clubs need to be willing to sell and players need to want to come.
But there is no way we would not invest in Kane, Mbappe, Sancho and say Saul if they suddenly were available in one window (they wont be) and wanted to come. Problem would be the wage bill, so we would probably need to stay with giving youth a major chance.
Which I guess is OK.