So youd honestly expect to blow the entire £40m and have zero cash in the bank? Where will wages be paid from? A bank loan costing interest? What about repairs? Stick that on a credit card aswel? You need cash in the bank to actually run the business, and with a £59m wage bill that can be sucked up quickly. Miss champions league? We make around £50m. No player sales that's a loss of £9m. Include investment in new players at a measly £10m suddenly in one year our cash is below £20m. People expect the entire lot to he used. Leaving £40m in the bank is a bit much aye, but I'd say you need atleast 20. We would have that if our summer signings panned out. Then why invest it when they knew he was off in January? Hence 6 month loans.