The 'Covid hit' isn't going to be a one-off, I'm afraid - ot's still on-going. For instance, we have seven players out on loan in the Championship. Some of those may be developing for our first team, others will be in the shop window for a move to the Championship - at a profit, which is to pay for the development squad and make us sustainable. Unfortunately, because of Covid, Championshpi clubs have got f*** all money, so whereas in the past we might have got a few million for players we had developed to a good Championship level, that isn't likely to happen now.I don’t think we’ve invested the Ben White money full stop. We tried to sign Nunez/Gonzalez and it didn’t happen. I suspect most has been allocated to cover the (hopefully one off) Covid hit. But the model is clearly to continue to identify and develop young players, sell the ones that develop for a profit, and invest in more, slowly raising the bar over time (as opposed to spunking a large amount on ‘oven ready’ players). To make that work, we need to see more ‘Ben Whites’ emerging amongst our young players. Sima I have high hopes for but it’s a shame his season has been injury hit, likewise Caicedo. Mitoma and Sarmiento look encouraging. Some others, less so, but that will be the nature of this model you’d expect. Just need a few of the bets to come off.
Take Gyokeres, for example - we sold him to Coventry for barely more than we paid for him. After wages and the overhead costs we probably made a slight loss on him over-all. He won't be the first like that. Clarke and Molumby, for example, could go the same way. I don't think we got anything for Sanders, and likely won't for Walton either.
We might have to be a lot more careful with this develop and profit model in the future.