ANSWER: We made it clear when we sold Andy that the fee we received would stay in the club, and it has.
The money will be spent prudently within the club and on new players as and when we are in a position to do so. We didnt promise to spend all the money in this window. Money will be available going forward, for the right player at the right time. If the club had been able to move on other transfer targets this summer, then more money would have been spent.
Its a point we've mentioned before, but transfer fees are only one part of the cost incurred in signing players. A free transfer mistakenly indicates that it is without cost to the club, but no transfer is actually free. Most supporters will be aware that the agents fees, signing on fees and salaries are inflated in deals with free agents.
Our wage bill this season will increase by seven percent as a result of the business weve done, including new deals for existing players. Assuming a tenth place league position, that gives us a wages-to-turnover ratio of approximately 65 per cent.
Any suggestions that the owner has in some way profited from the sale of Andy are absolutely untrue.