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The amount of money the club has spent on players is way out of lien with what the club can afford to pay.

The graph below shows the amount the club spent signing new players in each year. The lower "net player costs" figures comes from looking at how much money the club has taken in from selling players, as well as how much they have spent on outgoings.


That the club spent a net 36m on new players in 2008 beggars belief. The club had made a loss of 23m in 2007 and then it went on this wild spending spree. It is fair to say that winning the Cup was a huge high in the supporting life of many fans, and that it was only achieved on the back of the player spend. The short-term elation may well end with long term financial disaster.

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