Not trying to justify it, but we've been handing out CL wages without being in the CL. No other EL club pays wages like we do apart from united but they've been a special case. Ozil, auba, mkhi, and lacazette alone cost a bomb in wages
If 2 of those guys weren't useless passengers we might be in a healthier position. Or better yet, if we could convert those 2 into 3 players that actually contribute we'd be in a healthy position
I'm assuming ornys figure accounts for transfer fee and wage amortisation. If we negotiate reasonable wages and 5 year contracts we can get 2 x 40-50m players. In that light a 50m signing takes around 15-20m out of the 40m budget. If we qualify for the CL that could get us 3 or 4 good players. If we fuck that up again we should pack in the club
If ornys figure is a hard 'transfer fee' budget, then we should just pack up the club now