I'm in my 4th season with Leigh RMI and money has always been a bit of a worry, but not hugely so. As I recall, I made a loss in the first season, but profits overall in the second and third. Always over my wage budget!
The only reason i made a profit in those two seasons was because of TV revenue (from FA Cup ties) and because I would sell my best players. I always found myself selling them because they wanted huge new contracts. I sold two players at the end of the third season for about £400,000 in total, which is a lot of money for a team just leaving the conference! I think that's how I've stayed afloat.
But so far...it's been a lot easier than I imagined. Won the first 4 games in my first season in league two after trouncing the conference north and conference national in consecutive seasons. I'm guessing it starts to get harder pretty soon..? I'd imagine the step up to the champ, then the
prem and then europe are probably all bigger challenges than what I've experienced so far.
But back on the subject of money. In my limited LLM experience (this is my first go, before I've been Leeds, Saints, Sunderland, Spurs...) I've found that loan signings are by far the best signings you can make. In every season I've played so far, I've been able to get quality players (compared to my squad) in on loan without paying their wages. So you get a star player in for no money! Last season I had 4 first team year long loan signings, all costing me nothing. This year, both my strikers are loan signings and are quality for League Two. So maybe that's something to think about...