£3m per PL position, even the conference league benefits you up to £50m in tv, prize and matchday money. 8 group games has made us circa £25m purely in matchday income. so far this season alone. We are talking £70/80m less to spend/amortise. And we’re less appealing to signings too.
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It’s his job to make it real. But right now, he can hold it, though it’s getting riskier for him.
Stick to his guns in the league and those that can play, they survive and those that can’t, it’s clearly visible and they go, now or in the summer.