With Krul and Lazaar going that makes 16 players. Now, there are some big hitters there and some fringe players so I'm going to average out their weekly wage as 30 grand per week. 16 x 30 000 is 480 thousand. Multiply that by 4 and we'll be saving roughly £2 million per month on wages alone. So £24 million a year (even if the figures for wages is slightly lower than my average it'll still be about £20 mil).

Now, does that count as 'every penny the club earns'?

I think it does.