Essex Blue
Player Valuation: £10m
Has anyone seen everton football clubs credit rating - scary stuff indeed.
I'd be very interested in seeing that.
Surely it can't be THAT bad? We've never defaulted on a repayment as far as I'm aware? And we were recently able to satisfy the banks when they called in their overdraft on demand.
But obviously your credit rating will still be poor if you are contracted to make loads of other payments (80 million pound in wages). And if you're continuously spending an extra 10million than you receive each season, and there are no longer many assets that can be sold to cover such losses, then it isn't too much of a surprise to hear that it is rather poor.