I'm not sure how much we'll get to spend.
Zeb is the one who knows a great deal about the finances ect. So I'm hoping he sees this and can spread some light onto it.
Honest answer is no-one outside the very inner circles of the club knows.
I'll try to break it down as best I can so you've got a general overview though of what's happening. Epic post will be epic...
The club runs a financial year which goes from 1st August to 31st July. So our current financial year started 1st August 2009 and ends 31st July 2010. Our next financial year starts, yeah ok, you've got it now
So that's how the club has to account for its money.
As far as I can make out we're currently on track to be about even (if we exclude the Insua transfer which is taking its time to be sorted out) in player sales and player expenditure so far completely - even covering money due to go out in the next financial year. (This doesn't account for add-ons though as they're tricksy beasties - so might be more, might be less. Also doesn't account for signing on fees of free agents.)
Which is far worse than it sounds because even 6 years ago it was unusual for us to be less than £17m in net debt to other clubs (this by the way is one of the many reasons why Jaimie Kanwar is a ****** when he tries to write about Rafa's spending - he includes that plus another fair whack of Ged's spending as being part of Rafa's. ******. But moving on...). Not a problem at that time though because the club really was set up to pay for transfers and wages for players. In past times, Mr.Hodgson would have had a transfer budget of at least £17m right now just from that and excluding player sales heh.
Liverpool currently can't do that because of the amount of money going out to pay for the interest on the bank debt (the interest on our debt to our owners isn't currently being paid because we can't afford to pay it and that gets bigger every year!). As a result of that we're making massive losses every year.
Going on the figures for 1st August 2008 to 31st July 2009, it's very probable that we're going to run up another big loss in 2009/10. And the same is true for 2010/11. That's why the accountants put warnings on our accounts - the club can't continue to do that. The only way out is to cut costs and increase the money coming into the club. Our current chairman had to go to the PL earlier this summer and promise them that we could fulfill our fixtures for the coming season. That means even the PL is starting to get worried about our finances.
How much money needs to be saved and how much money needs to be raised is the big issue. £50m a season? £30m? Unknown and at best we're speculating some more. And that is where the money raised from selling players like Torres or Mash or Gerrard or Snoogy Doogy would come in. One thing's for sure though - if Mr.Hodgson gets the full amount of any further transfers out of the club this summer to spend, I'd be amazed.
One thing to remember is that players transfer fees aren't usually paid all at once (Ronaldo to Madrid was a huge exception to this - and the MUST lot will be able to explain why that was important to the leeches owning them). So it may be possible to do a similar deal to how we signed Aquilani where payment is split up in such a way that relatively little needs to be paid on eg 1st August, and you can then pay for the rest in next January's and/or next summer's transfer window.