You’re on the right track with spending 80% let’s assume £520m is 80% of £650m as it’s from January 1st 2024 to December 31st 2024 is the new revenue measurement stick. Wages will not be £380m as huge wages like De Gea’s wages will not be included as well as others who are being forced to leave or have left.
The mistake you make however is current financial transfer debt must be included yearly as well which is currently £364m or about £85m per year. So let’s assume United get their act together and Reduce last years financial year wage cost of £380m to this years calendar year of about £315m (Now you understand why INEOS want to reduce the staff by 40%, restructure and get high earners like Casemiro and Varane off the books.
If you swapped Tobido for Varane and Casemiro for K Thurham, you’d save £25m per year in wages alone. So assume the threshold is £520m then deduct amortise Transfer owed of £85m plus wages of £315m plus any upfront Agent fees now with a FiFA maximum limit of 10%.
If the club spent £300m on transfers then the agent fees could be no more than £30m which have to paid up front to the Agents.
The total would now be £430m - £520m equals 90m which could be amortised over the length of the contracts. The average length of contracts might be 3.5 years rather than 5 years so the club would possibly have a summer budget of about £275-325m, providing Sir Jim’s investment is shown before June 1st.
This budget could be further increased for winter 25 January window by selling academy products like M Greenwood, S Mctominay, A Fernandez for £70m which would all be 100% net profit and in theory allow the club to spend another £250m (3.5 * £70m) in January providing they have the cash to do so.
Realistically two huge transfer windows like this whilst theoretically possible if the right players and decisions are made will never actually happen because of the following;
1 The club does not have the cash
2. They are reaching a limit of actually owed amortised fees of £364m
3. Sir Jim will not invest £400-500m of his own cash for rebuilding a squad unless he has full control
4. Even if they manage to sell £200m of player assets from the squad, incoming revenues for these players would be paid yearly and not in a one off payment.
There is a reason why Spurs are currently spending money this January, because Daniel Levy Frugal policies of the last decade are now paying off.
There revenue has grown 20% in the last 12 months to £530m and they have a wage bill of about £140m maximum. They still owe £252m in amortised transfer fees only second to us but that’s probably £60m per year add this to their wages and you’re still only operating at 40/45% of revenue. That’s why they are so aggressive right now, they are one of a very clubs that have high room to move within the current FSP rules.
Here’s the New FSP rules
https://www.skysports.com/amp/footb...gulations-to-replace-ffp-all-you-need-to-know
