I think it's another pitiful Daily Mail story.
I think a vast amount of the media have got it wrong in terms of how we operate our transfers. I think Rafa will get ALL the money he makes from sales to reinvest. The point of debate should be what money will he be given to him from the clubs profits as a transfer budget. Even last summer I think he was given everything he made from sales, but he was forced to use the money he was given as a transfer budget, from the clubs profits, to use to pay the re-signing on fees regarding the new contracts he gave to Torres, Gerrard, Agger, Kuyt etc. That was what killed us last summer and that is why Rafa felt so mislead by the owners as he'd negotiated his contract on the proviso that he would get a £20m a summer transfer budget to spend on new players, he wasn't told that all renegotiated contracts had to be paid from this as well.
What CP has always said, is that money from sales goes into a player account and that this is never used to pay off debt, as it's purely for funding signings. It's my opinion but I tend to believe him on that score, it makes a lot of sense to run things like that.