Blades won't invest all of summer windfall into signings

Chief Executive Officer Stephen Bettis has said the proceeds from Sheffield United's summer sales will not necessarily be reinvested in new signings.

Bettis spent an hour in the BBC Radio Sheffield studio on Tuesday night and as well as answering questions from fans he reflected on the Blades' failed promotion push, the Ruben Selles era, player exits, parachute payments and financial constraints..

He revealed the club turned down offers for young stars Sydie Peck and Femi Seriki in the summer as they did not meet the club's valuation and said there was an issue with the Bramall Lane stand which will need investment.

Asked whether the proceeds of the summer sales of the likes of Callum O'Hare, Gus Hamer and Andre Brooks, which brought in around £20m, would be available to reinvest in the squad in January, Bettis said: "Some of it will be, not all of it.

"The club runs at a loss, I can't sit here and say the player sales money is put in a box to be used in the future.

"Supporters may be disappointed with my answer but I'm not going to sit here and lie - the reality is not all of that money will be allocated to spending on players."