What don't people understand? They cannot spend more than £1.2m on players, that's controlled by the FL. They cannot pay a fee for a player. That is controlled by the FL. If they miss a deadline for repayment of debts, they lose the Golden Share, that's controlled by the FL. Every extra penny, beyond the figures they've already agreed with the FL & PFA has to do on paying down the debts quicker, that's controlled by the FL.
They haven't a pot to p**s in.