Yes this is correct. Worth noting the Athletic article regarding what Chelsea are doing. Buying players spreads the fee over the contract, so for us this season, £45mill for Diaby over 5 years is £9mill this year, Torres £6mill this year which is offset by the £14mill we are getting for AJ (sales can be offset straight away for that year - any transfer fee still to be paid). So in theory we can still spend but it gets tricky because you have to consider the transfer fees we are still paying off for the whole squad. This also doesn’t include the added losses of wages also.