Thanks for doing the detective work. In a nutshell, it seems as if we have a manageable situation for this year at least.

The club claim it is a function of being at the early stage of the investment cycle. I understand that argument but we are 5 years in...

What, if any, is the governance on people outside the club injecting funding?

When a club buys a player, it increases its costs. If it doesn't increase its income, then profits are reduced or losses increase. That is what FFP is all about, in Europe and here in the Premier League: limiting losses.

One point you haven't mentioned is our PL prize money. Will that come off the £112m estimated losses? Or is that a post June income?

Under the latest share restructuring, Feb/March time, FM converted loans to capital investment, and there were another 33000+ shares created, as yet unallocated. At latest price of £3k that makes the opportunity of £100m, further capital injection. I’m assuming these will be taken up at some stage.

What impact has this made on your calculations?

I'm optimistic because Farhad Moshiri is clearly serious about all this. I'm getting some encouraging signs about the direction of the club in all its facets. In many ways, the men's football side is the bit that lags behind.

Sponsorships and partnerships are being announced fairly regularly, and presumably they all carry some sort of additional income, so hopefully that will play into the P&L at some stage too, to whatever degree.

There was a report a couple of months ago about a deal with one of Usmanov's companies about a fairly substantial naming rights deal over 10 years. Okay, it was in the Mail, and not picked up by anyone else, so dubious provenance, but it will be coming along.

Do you recall if the £30M he paid for exclusivity has yet been accounted for?

So let us just say, Everton managed to get the squad numbers down; let us say Everton went all out to bring in say 4 world class players, maybe more and went way over their FFP limits, but at the same time have built a top quality side, a transfer ban would not be much of a worry, if we already have those players in.

Also a risk of a 12-month ban from Europe; again, we can take a hit for a 1-year ban, possible points deduction; again, with top top quality players, we should be able to make those points back up.

For the sake of a year, could this be a way of Everton playing the big boys at their own game? Assembling a top-quality team, then waiting 12 months for the cream to rise to the top?

What implications could hit us long term? Would it just be short-term? Does chancing our arm now have a bigger picture for the future that would benefit Everton in the years to come?

Moshiri clearly has the money, so buying the very best should have us challenging like Man City have done recently.

Can you give fellow Evertonians an idea of the pros and cons?

That said, the Moshiri regime has in my opinion only succeeded in boxing itself right into a corner nobody wants to be in, despite the expenditure, promises and "project".

There are no easy (or easily affordable) answers it seems, but Moshiri can only retain any measure of respectability to fans, players, agents, and football in general if he this summer enables Ancelotti & Brands to sign some (four or five?) proper players, and better than the good Allan, Doucouré, Godfrey, James quartet they've most recently acquired.

If he can't or won't, just what is the point of employing Signor Ancelotti?

This is why Don # 19, he has already won my respect. Yes, he has made a few gaffs but, looking at the big picture, he has shown a remarkable commitment to our club. Those losses make me shudder but my gut feeling is that he reckons he is going to get that money back in spades. I couldn't do it - but that is one of the reasons I am not a billionaire.

As far as recruitment goes, I will be happy if he signs a right back, right winger (Adama Traore) and gives King a new contract.

One thing I am very sure of: Carlo Ancelloti will be our manager for the long run because I reckon Moshiri trusts him.

A few might think Sigurdsson could get an extension when his contract runs out next summer; he will be a year older and, apart from the occasional flashes of quality, there are better players out there for the longer term.

The old guards that have survived through four Managers, who come in when the likes of James, Allan, Doucouré and the like are missing, are just not good enough.

Once we start to get these players out of the door and start replacing not just certain areas in the starting 11 but also quality back up from the bench and beyond, then we will start making progress.

This summer will be a start, I am sure we will bring signings in, but we have to start clearing the decks and getting a few players off the books.