Statement of intent: do nothing, say nothing

Traditionally on this site when the curtain comes down on the season, we take stock and look ahead to what the summer might bring. This year Paul's done the honours and the post's all ready to go - or at least we thought it was. My guess is that it might need revising in light of today's extraordinary public statement from the club - not least because Paul's piece begins with the assumption that there will be money to spend and yet the statement seems to declare fairly unequivocally that there won't...

I'll leave him the task of picking through the detail and trying to make sense of everything (and, indeed, of the dissemination of such a statement in itself). Happy days are here again etc etc.