mmmmsnouts
Player Valuation: £40m
Loving the fume... Doom, doom, impending doom.
Someone correct me if i'm wrong but i'm pretty sure Everton were probably earning 20 million pounds per year going back to the early 90's. So where do these whoppers get that the council have to pay up if the TV money dries up or Everton get relegated?
Lets see how much Newcastle made in the championship when they release their annual accounts, i bet it's more than enough to cover the loan.
Looking at some historical data Wolves made 32 million when they were promoted from league 1.
Seeing effectively the council have first dibs on the money, the only thing that could happen is we would have to start offloading the expensive wages and play kids.
If we had a 60k stadium and we sell 40k tickets @ £25 it's still a million pound a home game and enough to cover the loan. As long as we don't take anymore debt and live within our income here on in, we will be fine and so will the council.
Not to mention that, God forbid Everton ever get relegated, you get four more home matches per year in the Championship. Plus you still have the same opportunities to host cup ties.