Paul
My fuller comments on this are on the Trust website , but have summarised below as well
1.Basic rule is that player wages must be capped at 60% of turnover but there are important definitions of both which have a major impact on that calculation.
2. The latest audited accounts are for the year to 31 May 2024 when headline turnover was £23.2m and player wages £19.9m (86% of turnover).
3. for this calculation, turnover includes
a)normal matchday income, sponsorship and TV revenue
b) any non refundable new cash introduced by the owner (i.e not loans)
c)any profit on player sales, but only when the cash is received (many transfer fees are paid by instalments)
d) any profits on non-matchday hospitality or facility hires
4. For this calculation , player wages exclude
a)wages of players out on loan covered by the club borrowing them
b)any players under 21 as at the start of the season who came through the club`s youth development system and had been with the club for more than three years
c) (an additional benefit for CCFC as a club just relegated from the Championship) - the wages of anyone signed before September 2024 on a three year plus contract
As can be seen from the above there is plenty of leeway in the calculation to assist CCFC in being compliant with the rules, which are titled Salary Cap Maintenance Protocol.
As for the headline figures involved , this carries a degree of "guestimate" as figures for the year to 31 May 2025 are not yet available.
If an assumption is made that 2025 income and player wages were at similar levels to those in 2024 then , for this coming season basic turnover could be around £13m as it has dropped by £10m due to a reduction in the share of TV income of £8m between the Championship and League 1 and a fall of £2m in Premier League solidarity payments between the divisions. Normally this would be extremely concerning but I believe that virtually all of this

,if not all, is covered by the wages savings from all the players released when their contracts came to an end plus relegation clauses in player contracts still at the club reducing their current pay levels.
Hopefully , this summary is helpful.