You're misunderstanding the timing of the accounts and which transfers fall under these accounts and next years, and how incoming & outgoing transfer fees are recorded on the accounts.
These accounts will include the 2nd half of last summers business (more or less all incoming transfers and the sale of Masch (but not Riera or Benayoun)) and include January's transfers, Henderson, Adam & Downing from this summer but not Enrique & Coates or the sales of Meireles and a few others.
Incoming and outgoing transfers are not recorded together and not that straight forward either. When you buy a player, the amount you sign him for is not simply put down as an expense on the profit & loss account. It's spread over the life of the players contract and recorded as amortisation. For example, Carroll at £35m over 5.5 years is recorded at just under £6.4m per year until the £35m is accounted for. As above, the net spend for the next set of accounts won't be anything like these accounts (unless we spend big in the first half of this summer) because most of the transfers are included in these accounts however it's not really relevant to the profit & loss, the amortisation bill is and that is likely to increase in the next set of accounts (not massively though).
When you sell a player you record either a profit or loss depending on how much their book value is. For example, Suarez's book value as of this summer will be around £16m. If we were to sell him then anything more than £16m is recorded as a profit (even if it's less than the price we bought him for) and anything less is recorded as a loss. The current accounts show a profit on player sales of just over £40m which (unless something major happens early next summer) won't be replicated.
As for the exceptional costs; it's actually just under £50m (all non-cash) related the stadium and then a further £10m on sacking Hodgson and a few others.
Looking to the next set of accounts; profit on sales is hard to guess but is likely to be significantly lower than the £40m from this year (possibly £10-20m depending on sales this summer), amortisation will rise slightly, exceptional costs will be down significantly (£4-5m to Comolli and a few others) and wages are likely to have been cut a fair bit (but that might not show for another year due to pay-offs/subsidisation of wages). At a very rough guess, next years accounts will show a £20m loss.
These accounts will include the 2nd half of last summers business (more or less all incoming transfers and the sale of Masch (but not Riera or Benayoun)) and include January's transfers, Henderson, Adam & Downing from this summer but not Enrique & Coates or the sales of Meireles and a few others.
Incoming and outgoing transfers are not recorded together and not that straight forward either. When you buy a player, the amount you sign him for is not simply put down as an expense on the profit & loss account. It's spread over the life of the players contract and recorded as amortisation. For example, Carroll at £35m over 5.5 years is recorded at just under £6.4m per year until the £35m is accounted for. As above, the net spend for the next set of accounts won't be anything like these accounts (unless we spend big in the first half of this summer) because most of the transfers are included in these accounts however it's not really relevant to the profit & loss, the amortisation bill is and that is likely to increase in the next set of accounts (not massively though).
When you sell a player you record either a profit or loss depending on how much their book value is. For example, Suarez's book value as of this summer will be around £16m. If we were to sell him then anything more than £16m is recorded as a profit (even if it's less than the price we bought him for) and anything less is recorded as a loss. The current accounts show a profit on player sales of just over £40m which (unless something major happens early next summer) won't be replicated.
As for the exceptional costs; it's actually just under £50m (all non-cash) related the stadium and then a further £10m on sacking Hodgson and a few others.
Looking to the next set of accounts; profit on sales is hard to guess but is likely to be significantly lower than the £40m from this year (possibly £10-20m depending on sales this summer), amortisation will rise slightly, exceptional costs will be down significantly (£4-5m to Comolli and a few others) and wages are likely to have been cut a fair bit (but that might not show for another year due to pay-offs/subsidisation of wages). At a very rough guess, next years accounts will show a £20m loss.