Meh. Let's give you guys the break down of where we're at financially.
LFC run a financial year which runs 1st August to 31st July. So we're still in the financial year which started 1st August 2009 right now.
Over that year, for sure, no ifs, no buts, no maybes, our transfer spending broke down like this:
We spent:
£20.4 million on new players (Aquilani and the Greek)
£35.504 million on players previously signed
£1.069 million of add-ons were triggered
We got back:
£29.7 million for players sold (Alonso, Dossena and Voronin)
£22.126 million for players previously sold
£1.616 of add-ons
Now there are other transfers which need to be added (figures are rough because press figures be not the same as what is actually paid heh):
Out:
San Jose - 2.6m
Yossi - 5.5m
Insua - 5m (?...)
Riera - 3.3m
Mihaylov - 1.5m
In
Wilson - 2m
Shelvey - 1.75m
So, totals:
Spent: £60.723m
Received: £71.342m
If we pretend that Liverpool aren't currently allocating wages and transfers from the same pot of money (which they are doing), that should mean that there's £10.619m to spend.
Only on 1st August this year, a new year starts and there's some other things which need covering (for sure, no ifs, no buts, no mebbes) for previous transfer.
To spend: £7.66m
To receive: £1.854m
We know that the 'player account' must be balanced (Christian Purslow is on record as saying this - as well as his definition that the player account includes fees and wages). So let's feed them in to Mr.Hodgson's potential transfer pot and you get something like £4.813 million left. If the managers' compensation (both to Rafa and for Mr.Hodgson) also come out of this pot of money, then we're actually a few hundred grand in the red.
Now that doesn't include add-ons which may have been triggered in either direction over and above those listed as having occurred by February 2010 - and they could be a lot more in either way as many of them will be based upon things like where a team finishes in the league, silverware etc. But you get the drift of roughly where we're at without that.
(Just to be clear on something - Liverpool in 2004, prior to Rafa taking over, owed £17 million net to other clubs for players, so subtract that from the money spent on previous players if you want to get a grasp of what Rafa's own spending was like, and I'm not sure on when Cisse's money was paid but that needs subtracting too at least in some part).
The transfers out of the club so far this summer had been arranged prior to Mr.Hodgson arriving. He's on record confirming that several times. Of the three signings so far made, only Joe Cole could possibly be attributed to him.
There's the unvarnished and honest maths from the accounts lads. And if I've buggered up the totals, then it's cos I'm drunk and the calculator is swimming and I can't be bothered doublechecking right now but the figures which combine to make the totals are for sure correct.