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Even a liberal estimate of the prices paid suggests Leeds have made a profit on transfer dealings of at least £8m.
As it stands Spurs – wasteful, fourth-placed Spurs – are the only Premier League club in profit on transfer trading over the past five years.
Still, one achievement should not diminish another and Spurs have been by so many other measures the most compelling team in the Premier League, the most layered, all the while remaining the only Premier League team (fairytale Foxes included) to run a profit on transfer spending over the past five years.
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A survey in 2007 found he was the only Premier League manager to have made a profit on transfers, and between 2004 and 2009, Wenger made an average profit of £4.4 million per season on transfers, far more than any other club.
The club is well run and their ambition is to find a way to make a profit on the transfer market.
The completion of the deal for Bent has been delayed by the sell-on clause Sunderland have with Tottenham, the striker's former club, who are owed a significant portion of the potential profit on the transfer.
Finding and developing players who will help clubs win titles and reap large profits on the transfer market is the holy grail of football development.
He confirmed that Alex Song was bound for Barcelona in a £15m deal which, as things stand, means he has turned a profit on his summer transfer spend.
A senior official within the OECD claimed that Stack's "shouting" should not detract from some significant progress on country by country reporting on multinationals' profits, and new guidelines on transfer pricing – the amount multinationals take out of profits channelled to tax havens for work allegedly carried out there.
Use iron-on transfers for it.
Professor Harvey has started his testimony on transfer pricing and shifting of profits by multinationals offshore, and on Apple's specific tax planning techniques.
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