And that is the truth, but it gives idiots the ammunition to talk complete bollocks and spin whatever bullshit they want.
The club will earn £40 million less than last year.
It does not mean there has to be a panic fire sale to plug the gap, there isn't a gap, it just means we will earn £40 million less than last year.
It's only a problem if a club has not anticipated relegation and it's already been spent.
United have always had a relegation budget in mind, we could never be that confident or arrogant to assume we wouldn't go down.
While there are some idiots who don't understand that the revenue drop and player sales don't need to necessarily net one another out, it's not that difficult to do back of fag packet maths and realise that the £21m revenue from the promotion season + the parachute money of around £45m = £66m.
Wages in the promotion season (including bonuses) were £40m, in the first PL season they were £78m. Some have left and (hopefully) all will have a relegation reduction. That would leave the wage bill somewhere in the £45m-£50m region.
The amortisation of the players bought since promotion of Berge, Mousset, Ramsdale, Brewster, Freeman and McBurnie will be around £25m this financial year (I've assumed that we paid £97m for these players and that on average their contracts are for 4 years, I know some are longer and some shorter). This doesn't include amortisation for other players we already had prior to the PL as this will be miniscule in comparison.
Before we've paid for anything else that's a loss of £4m just with amortisation and wages. Other running costs in the promotion season were just under £11m, that's a £15m loss.
If I were Abdullah I'd sell a couple of players to a) reduce the wage bill a bit more b) reduce the amortisation a bit c) get some cash into the club instead of having to pay more out in transfer instalments.
Ultimately we don't have to sell but we're reliant on Abdullah's benevolence if we don't and I can't see him sanctioning transfer spend when the current outgoings are going to lead a loss of £15m+.
His train of thought might be to throw the kitchen sink at it this year with the high parachute payments and then drastically scale back if we fail, but that would be second guessing him.