Haven't visited this thread for a while, and thanks for this, looks good. Only thoughts which might make this a bit less positive (admittedly without having fully thought this through....):
I think using the average of 19/20 and 20/21 as the 'start point' for 21/22 maybe ends up too optimistic for a couple of things
For example, even if we are saving £11m year-on-year for Barkley....because that's going into a two-year average, I think we'll only save half of that compared to the average, if that makes sense?
On the 'ins', wouldn't we also need to include the fairly significant contract increases that we handed out last season to Jack, Mings, McGinn etc, which will also be diluted as being part of a 2-year average, but we will have a full year of next year?
A full year of Sanson wages vs effectively a 1/4 year in a 2-yr average calc.
As I say, not fully thought through, but wouldn't this eat into the ~£10m surplus?
That said, this also ignores any increase in income (hopefully a bit through league position + gates + commercial), and also is pretty difficult given the uncertainty over the 20/21 numbers.
Also, clearly all before any change in Jack status!