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David Sheepshanks spelled out the financial realities at Portman Road in his column in the Leicester programme. The chairman has kept largely quiet since reports concerning Town's financial position appeared, but says he has always been straight with fans on money issues.
A number of old links have resurfaced in this weekend's papers. Amongst them is another claim that Fulham are interested in Marcus Bent.
Darren Ambrose is a doubt for the Blues' ahead of Thursday's UEFA Cup qualifier with Avenir Beggen in Luxembourg City. Ambrose had 11 stitches in his mouth after kicking the ball into his own face with 23 minutes remaining at the Bescot Stadium.
Everton will be forced to kick off the new season without main striker Dominic Calvert-Lewin with the club now confirming that he sustained an injury during training this week and will be out for around a month.
Idrissa Gueye is reportedly headed to Merseyside to undergo medical before signing a contract with Everton that would see him return from Paris Saint-Germain on a permanent deal.