The whole point of the £50 million loan is to cover initial outlays. A huge net spend this window just means very little spending over the next 3-4 years.
Agree, we spent around £80m five or so years ago. First to get closer to the top 4 under Ramos, then to secure our Premier League spot under Redknapp.
Those transfers have been paid down over time, and are done with this summer. Hence given us the opportunity to invest as we did back then + add the extra tv money 20-30m.
In fact if we want to spend the extra tv money we're going to get over the next three years, we could potentially spend up to 90m on top of the 80m we've proven we can afford in the past 5 years.
That's a bit extreme obviously and something we're not likely to do, but it does show we have the financial muscle to invest at the moment.
Of course, if we spend that much this year we'll again have hardly anything to use in coming years.
But we'll have a very valuable squad, and whenever we want to sign someone new we'll also have players we can sell on to compensate.
Very similiar to our recent years transfer activity.
The danger with spending a lot on new signings though, is that the wage budget is likely to increase as well.
