I didn't think we made enough from matchday revenue & merch sales to cover wages? I don't have the accounts to hand but at one point they were > 100% of our income.
To my mind it's being squandered on things like whatever % of loan players wages we pay, for which we get no return, 400k wages for a CEO, short term players like Wyman, Baath and letting players contracts run out and leave on a free.