I know football accounting doesn’t always work out this way but our current net spend is probably something like £70m, and I think our previous highest was something like £90m so going from previous behaviour I can see the club being hesitant when making big deals from here.
This is just opinion but I think our biggest constraint is an inclination to protect an amount cash reserves (I’ve no idea what the amount is though or why we still need to care judging by how the past 10 years has gone).
Whatever myths people want to convince themselves of about how fees are spread in football accounts, if we were to make a £120m signing tomorrow then the cash reserves are where it’s coming from so in that scenario if the aim is really to keep that as high as possible I could see the club desperately trying to raise funds from within the squad to balance it a little bit more.