I think their wage bill has shock-expanded over the last few years, and they've burnt a shit ton of money on signings. Even if they got some back by selling Coutinho I imagine a mega sum like that will be spread over installments stretching all the way to 2025. In terms of balancing the books I can see how they'd have to be careful.
I read the Swiss Ramble thread about their financial results last season. They posted a pre-tax profit of £125 million, biggest in the world, and one of the things that stood out the most to me was that it was practically identical to ours (£120 million). And ours, like theirs, was almost entirely fuelled by player sales. Big profits do not equal big spending capacity.
