A squad of 20 would equate to £400k a year on players wages alone.
Could a club operate with a non playing staff of 20 (coaches & office & groundsmen) on say £600k a year?
That’s a million quid already!
Academy? – how would that be funded?
Turnstile money would be way short of operating costs.
The commercial people would have to be the stars of the show bringing in sponsorship money to cover the deficit.