DM,
If you had say £40m. The money from RvP and Song.
Who would you buy? / Sell to get more money in!
It's a very tough question because you have to consider homegrown/25 man squad/17 foreigners.
Without any limitations I'd sell Walcott, Gervinho, Gibbs, Sagna, Santos, Chamakh, buy minimum 2 full backs, sell Djourou.
In the real world, needing homegrown players we'd need a homegrown player to replace Walcott and Gibbs, Baines would be a very good option, winger, actually I'd be tempted to buy Dempsey but persuade bendtner to stay, he's surprisingly effective on the wing, and MUCH better than Chamakh, would count as home grown and cheaper wage than anyone we could bring in.
I'd seriously consider bringing Larrson back as well, to be a rotation player not particularly first team, not sure how happy he'd be with that. Quality player, he's rarely poor, often very good, exceptional delivery from set pieces and while not the best in the world, solid solid backup and rotation.