According to ESPN, they will have the ability to spend more if they can sell players.
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The club have been focusing on assembling a behind the scenes team, including staff members Omar Berrada, Dan Ashworth (not yet hired) and Jason Wilcox.
John Murtough and Richard Arnold have gone, with Sir Jim Ratcliffe and INEOS now in charge.
The new ownership will have to get creative if they are to make big money signings this summer.