Do we have any money for transfers?

Some people doubt we have any money left for transfers and others think we do. I hve tried to make an analysis and have come up with the following:

Assumption: The club said we didn't need to sell players to raise cash and Grant has said the sales of earnie and etuhu were not planned. So the £2M bid for Sharp was transfer budget not requiring player sales to fund it. Also assumed we had some more money for other players so transfer budget taken to be £3M.

Transfer budget £3.00M

Fees In + £5.75M (Earnie £3.5, Etuhu £1.5, Safri £0.5, hughes £0.25M)

Fees out - £2.81M (Cureton £0.75, Dave £0.65, Marshall £1.0, Russell £0.41M)

Signing on fees -£1.60M (8 players @ £200K ea average, doesn't include Smith)

Agents fees -£0.45M (9 players @ £50K each)

Net + £3.89M

Wages saved £ 61K per week (Earnie £12, Etuhu £8, Safri £10, Hughes £8, Thorne £8, McVeigh £6, Henderson £4K)

Wgaes in £ 57K per week (Marshall £8, Cureton £8, Gilks £4, Otsemobor £6, Dave £6, Murray £6, Brellier £8, Smith £5)

So wages basically neutral.

Therefore this would suggest we have at least £3.5M to spend assuming the Board can be believed when they say all money in will be used for players.

Comments invited.

Posted By: scrimmage, Aug 31, 11:04:52