Christ, £300 million!! Over how long mate?
In 2006 he took over a villa side massively underacheving: they were paying the 7th highest wages and decent transfer fees and only finishing 16th (same as now, tbh). In his first season he gave his manager: 17 million gross, 14 million net on new transfers and paid his players 50 million a year and that got them from 16th to 11th, so 64 million to get them to 11th. Fine, progress.
His second season he spent, 16 million gross, 6 million net on new transfers and paid his players 60 million a year and got them from 11th to 6th so another 66 million to get them up to 6th. Again, progress. He spent 65 million a year and gained 5 or so places, each time.
So third season lerner got out his chequebook and spent 48 million gross, 45 million net on new transfers and paid his players 70 million a year and still only got them 6th. So 115 million to get them where they finished the year before. No progress.
His fourth season 38 million gross, 19 million net on new transfers and paid his players 80 million a year and still only got them 6th. So 99 million to get them where they finished the year before. No progress.
And then he cuts down the spending a bit, because he's spent 344 million over four seasons and not won anything or finished higher than 6th.
Everton meanwhile finished above villa in three of those four years while spending only 204 million. So less than 2/3rds as much and did better.
But even after that season, the next year he told O'Neill he would have to fund his ins with outs, he still is paying top wages (7th best in the league) and still had a positive transfer fund (they paid 18 million for darren bent that year).
In fact since O'Neill quit when told the gravy boat had run out, they've still spent 93 million gross, 22 milion net and paid 223 milion in wages. Whereas Everton in that time have paid wages of 191 million and made 28.5 million in the market. So even since Lerner pulled the plug on spending they've spent 82 million more than we have, and finished behind us every year.
And this is a club which earns less then we do a year. Last year we earned 81 million and Villa earned 80 million. So this is his own money, this isn't money earned from villa's fans.
The problem with that club isn't Lerner's investment, it's the way they had/have a lot of high paying expensively bought players who O'Neill and Houllier brought in who Lambert doesn't fancy. So the likes of Given, Bent etc who were on 80k a week and not in the squad.
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