We really should have ~40M£+ to spend now, no?
30-34M£ for Xabi, 3,5M for Arbeloa, 3M for Leto and ~1M for some youngsters. Maybe a Dossena sale too.
Considering that we didn't pay much up front for Johnson (the Crouch money and the left overs from the Keane sale), there shouldn't be a problem as long as the owners don't demand some of the money for debt paying.
So, ~40M£ plus maybe a few more mill from our original transfer kitty, if we had one that is.
Let's fucking spend it! Aquilani and Silva for starters, please.