60 mill is the bare minimum tbh.
When you take into account the Cabaye money plus last year's TV money 60 mill is the baseline figure.
If we actually sell players and bring in say 15 mill and spend 60 mill I've no doubt we will trumpet some sort of massive investment and how grateful we should be to mike when in reality it's less than we should be spending.
All that being said the report is probly bullshit.