I really don't get all this discussion. If Lerner wanted to fund a transfer spending spree - he could - The fact that he doesn't is the problem - not FFP, Amortisation, capitalisation, how much profit we make - Lerner doesn't want to fund it. Agree totally. It was like when fans were saying he had no money, when he still had billions sitting around and he just sold the Browns for another cheeky Billion.
He only doesn't want to fund it because he doesn't get enough back. He's making a loss constantly. One of the reasons Mr Fox was brought in, in order to change that, I assume.
We don't make losses anymore with our spending it's roughly break even maybe even a couple of million in the black but it wasn't previously so to comply with FFP if we finished in a Europa spot we would still need to have less losses over the past 3 years to not be fined.
That is the explanation.