Revenue: +£330m [down from £363m due to missing CL football]
Wages: -£162m
Debt: -£50m
...Leaves around £118m. Obviously this is an optimistic value - wages are likely to have increased somewhat (Mata and Fellaini), and TV income may fall slightly. But, it's likely that they will still have access to around £100m for summer transfers.
The Guardian has a good breakdown of costs club-by-club.
Do you understand that wages aren't the only cost to running a club in the slightest? Biggest, sure, only, not even close. Here, I'll point out the utter ridiculousness of your sums and the £118m left over.
From your own link
Man Utd's "profit" for the past two years
Loss before tax: £5m (following a £12m profit in 2011)
Revenue != profitability. Yes £50mil of that give or take was on interest/debt payments.
Utd aren't currently that profitable, till the debt is up they won't be hugely profitable, when the debt is up, the profit isn't out of this world massive, but it certainly enables them to spend. That is the situation with big teams, huge revenue leads to huge wages, huge overheads.
Utd seemingly have a big warchest so can spend, but they aren't more able to spend than other teams. Ultimately when teams have their billionaire mates throw in some sponsorship for that magically amounts to the losses for the year, then the sugar daddies still have the upper hand financially.
FFP is a farce anyway, we're hearing along the lines of warnings, then they might leverage a limit on the CL squad. IE if you've overspent by 50mil then they may stop you registing 50mil of talent for the CL squad.... so they just don't register the crap guys they overpaid for, rest the CL squad more often in the league and leave players off the roster.
Even from that, the teams will have the chance to appeal and bargain for different punishment, which from day one I thought would be a fee. Overspend and for every 10mil you get fined 2mil, which goes into Uefa's pockets. It could(will probably) end up being a sugar daddy tax.
