Club accounts are publicly available.
Yes, we have recorded profit... For a number of years these profits were being channeled into the stadium project.... Hense our transfer spend was lower than one would hope for a number of years. We took out finance for the completion of the stadium whilst also incurring significant costs for spending 18months at Wembley.
Off the back of the champions league run we announced record profits relating to that season. This allowed up to spend a decent chunk this past summer & Jan trf window. With increased matchday revenue from the new stadium one could have rightfully expected our increased ability to spent to have continued this summer had it not been for C19 (as stands though, we still haven't been able to reap a full years with of benefit from the stadium; which sucks! ...People may make Lady Gaga jokes, but even the concert & NFL revenue would help service our debt and allow matchday revenue to directed back onto the pitch).... Whilst the C19 loan would have been taken in order to legislate for lost 19/20 revenue + any considerable losses that impacts on 20/21, one would still hope that it does allow us to spend this summer.
(Personally, I'm anticipating £50-60m + whatever we can raise from sales... But that's just a gut feeling.)
This is all pretty basic stuff without having to nerd-out over the club accounts.... All I'm saying is that if anyone is suspicious and thinks otherwise; that we are sat on a pot of cash or that the owners are siphoning funds then their theories should be easily proven..... Funnily enough though, no-one - least of all the most vocal nay-sayers in our midst - seems to be willing to do so.
[Cue snide comments from obvious quarters....]