Just speculating here but I'm guessing following relegation in 2018 there was enough in the club's accounts from the Cryne era to not financially penalise the club so much when starting life in league one and with very little recruitment required .
For sure relegation salary penalties kicked in and that will happen in the summer too but at least 9k renewed their ST's .
Even a loss of a million quid from normal ST sales will substantially harm the clubs finances when operating on this level of income .
The ownership in my opinion too factor the players salaries in to their figures when they tell us everything is reinvested back in to the squad .
It looks to me from the outside looking in that not one penny remains in the clubs accounts from the sales of Pinnock , Lindsay and Moore .
Sheer speculating on my part but I'd suggest the sales of Woodrow , Chaplin , Mowatt and Brown will see at least £10m kept back to run the club for as long as is necessary to prevent the ownership from spending their own money .
The budget for recruitment will be whatever figure the club manages to achieve above the £10m for the four players and will include the transfer fee , signing on fee and contractual personal terms for the new recruits .
This maybe the last real loot the ownership are set to achieve looking at the merits of the squad and it's hard to see them given their history parting with much off it in the direction of the football field .
If there's much over £2m to work with in the summer then I'd be amazed .
You'd do well to replace Woodrow alone never mind improve the whole squad on that budget .
Picking up the Hourihane's and Winnall's for 250k a piece is where the recruitment department need to be .
Me neither .