What relegation happened in 2007/8 then? We were in the Championship the season before and the season after that season.
Your figures don't even sound right anyway, and even if they technically are - I'd like to see how you break this down season by season - you are cherry picking.
One killer point people conveniently ignore is small things like a) if we weren't owned by a billionaire we could never have got the fee we got for Chamberlain, and b) if we weren't owned by a billionaire that fee would go into club running costs not spunked entirely on new players and fees. And Batman has already covered the small matter of the millions converted into equity.
But, nah, let's look on fu cking transfermarkt.com and pretend we did it all on the cheap.