Foot Long Hot Dog
Player Valuation: A packet of pork scratchings
No mate it would mean that the overdraft had been reduced and long term debt increased to pay the overdraft, I.e. debt remains stagnant(the clubs word not mine!)
You seem to have completely misunderstood what I've been posting or your in complete denial that the club LOSES £15m a season in real terms and sells assets to make this up. When we get the extra money we may be able to stop selling assets and exist on an even keel.
I'll sum up why evidence doesn't back up the things your saying.
REVENUES HAVE SKYROCKETED THROUGH THE PL YEARS. THE ONLY THING THATS KEPT PACE WITH THEM IS EVERTONS DEBT AND PLAYER WAGES. WHAT WILL CHANGE?
The club doesn't suffer cash losses of £15M per annum, that's total fiction.
The 2010 accounts show an operating loss of £500k
The only non playing asset that's been liquidised was Bellefield btw.