Maybe with the story about Coutinho surfacing once again, this is a good time to put our financial position into some sort of context.
King Power do not put money into Leicester City. They haven't since we got promoted in 2014. Therefore, our money for transfers comes from our income/profit. Maybe KP will change their approach and put some money into the club this year but I doubt it. They've got their own financial issues if you have a look at the still closed duty free airport in Bangkok.
Last year, our net spend on transfers was about zero. The previous year, our net spend on transfers was about £10m.
Over the two years prior to that, when we had a huge boost in income due to the title win and Champions League participation, our total net spend was about £55m.
So, with a title win and Champions League in the mix, we have spent a net total of about £65m in the last four seasons.
So ordinarily we could potentially expect a net spend of around £15m this summer.
The circumstances are different this year though. We have had a massive drop in revenue due to COVID-19. We are also in the process of paying off a two year loan for our new training ground which was tied to our TV income this season and next season.
Therefore, I would be very surprised if we had any money for transfers this summer. Talk of Coutinho and anyone of that type is utter nonsense. It's simply beyond our means.
We will be after free transfers, loans and pretty minor transfers unless we sell to generate money. We need to get players off the wage bill and we need to sell one asset (probably Chilwell) in order to bring in the four or five players that we clearly need for next season.