Any transfer fee we get for Joe Cole will probably be spent on Joe Cole so that he's willing to accept a lower contract at QPR, West Ham, etc.
On the bright side though we've already shifted a 100k per week off our wage bill and if Cole goes, that's another 100k. Being able to get some of the high earners off our wage bill is going to be key for us + it will have a say in how much we'll be able to spend.
I think we could be able to get 2M for Spearing & around 5 for Adam.