This is the great myth there is no vault of unspent cash buried deep beneath the East Stand. In short the club spends pretty much every penny that comes in..
That's not really 100% true though is it.
For the two seasons leading up to last summer our accounts showed a combined profit of almost £20M, and that's without any profit last season would surely have added to it.
I'm not going to knock Peace for the sake of it, the bottom line is that his job is to keep us in the premier league and he has done that for a few years now, for that he deserves credit but let's not pretend we have spent everything that has come in, we haven't.
The extra money that could and should have been put into the team might have meant the difference between having Anichebe or Bony, the difference between Davidson and Cresswell.
Overall Peace has done a good job, just imagine how much better it might have been had his priorities been a little more towards progress and a little less aimed at profits.
He's a businessman that has made a fortune out of the club already and his final, massive, pay off now appears to be only days away, let's not pretend he's some kind of cross between our fairy godmother and the tooth fairy.