DubaiSpur
Ian Walker
whatever your opinion on Levy Dubai, surely you can see that we generally break even on transfer deals - so with that in mind i don't understand that fear of selling a big name youth product and banking the cash as it doesn't tie in with what we have seen in the past. go back to when the club was turning over more money than it was spending we always had a negative net transfer spend each season which would bring our overall net spend as a business to more or less breaking even. so if we're going to base opinions on what has gone before you would have to come to the conclusion that in the future any big sale would see the money reinvested in the squad (or other areas of the club) - otherwise you'd be predicting that Levy would do something he has never done before...
We have a negative net spend, the second lowest (or lowest, not sure now) of all PL teams over the last five years. I have no doubt that statistic will only get more stark as the transition to an academy-based system gathers steam (if Poch is genuinely serious about imposing it, as he seems to be). I also honestly don't know if we have kept the money we've accrued within the club: the last accounts for 2012-2013 show a profit of 10.5 million pounds excluding player trading (on which we made a further hefty profit), and prior to taxation. I'd like to give Levy the benefit of the doubt on that at least, but it does make me wonder. Plus the accounts for the 2013-2014 season aren't out yet, a season when we made a further profit on transfer deals and saw the revenue from the broadcast deal begin, a process which would only have intensified this summer, when we made another profit on player trading.