With all due respect Perigord you've massively over simplified it there. Liabilities must also be factored in. The money due in September to play at Hillsborough is significant.
Who's richest:
The guy earning £100k with a £1m mortgage to service
Or
The guy earning £20k and a £50k mortgage to service?
It's 60% of turnover I believe. The moot point is whether stadium liabilities counts towards turnover. Stadium improvement liabilities, like youth development and women's football costs, are definitely exempt From the calculation. But it would be perverse if the rental cost of playing the matches wasn't included. Then again, Fulham are allowed to defer a £25m transfer fee for a year to avoid FFP punishment so anything is possible. So you could be right.
We are saving our money for our first million pound signing from the Steve Evans days.
It's just unfortunate that no player has been worth signing for a million pound.
Ever