One reason that I've been pointing out the new contract that we gave to BR in December is that it would have had a detrimental effect on our January budget.
According to reports at the time, by making him the third highest paid manager in the league (behind only Guardiola and Mourinho), we spent an absolute fortune.
A new 5.5 year contract on £8m-£10m a year plus new 'double their money' deals for the rest of his main backroom staff committed a lot of money that then had to be accounted for somehow.
That's approx. £30m pounds gone just before the window opened.
Add to that the impact that such lucrative new deals for 'some' of the backroom staff whilst others stayed on the same deals they were on previously. Not exactly good for team spirit.