Get rid of the debt by doing this

[steele]

Last year Everton had a total debt at 44.9 mill. Let's say its 46mill atm.

Why not sell
Jags - 18 mill (tought decision, but we have some young lads who hopefully can do a good job. Or Hibbert)
Rodwell - 21 mill (think he will be injury prone...and I will keep Baines)
Billy - 5 mill (enough!)
Yak - 2 mill

Then we can start with no debt , not paying 4-5 mill each year in interests.

 

[TheBlueGibbon]

And we will also be missing one centre half, one attacking midfielder, one centre forward and one potential captain fewer with no money to show for it, at best we'd borrow against the new lack of debt to sign players to replace them, especially if Heitinga is leaving. The debt is payable for the moment, there's no need to rush to pay it off.

 

[Welton Toffee]

OH MY GOD

 

[Bruce Wayne]

An attractive thought, but as long as we're losing money each season operationally, it'll only clear the debt until we get back into it again.

 

[bluejock]

Quick, someone give Bill a ring and tell him we've found the answer.

 

[USAtoffee12]

We should hold out on Rodwell as long as possible like we did with Rooney, Citteh will definitely be stupid enough to pay 30 million, that along with Heitinga, Billy and the deadweight would equal 50 million pounds for players and debt

 

[Neiler]

An attractive thought, but as long as we're losing money each season operationally, it'll only clear the debt until we get back into it again.

As always, Batman is right.

 

[Silas]

Yep, what Bruce said, no point just doing a temporary fix. The club needs to figure out a way to increase revenues.

 

[Goat]

Puff, puff, PASS!

 

[davek]

Better idea: ask fabulously wealthy Robert Earl if he'd like to become a director of Everton FC...hold on.....

 

[kenada_blue]

League 1 is a great place to be in the summer time, or so I'm told.

 

[Tubey]

Last year Everton had a total debt at 44.9 mill. Let's say its 46mill atm.

Why not sell
Jags - 18 mill (tought decision, but we have some young lads who hopefully can do a good job. Or Hibbert)
Rodwell - 21 mill (think he will be injury prone...and I will keep Baines)
Billy - 5 mill (enough!)
Yak - 2 mill

Then we can start with no debt , not paying 4-5 mill each year in interests.

Unfortunately, the loss of £40m+ from the imminent relegation that would occur with that plan would sort of defeat the purpose of it.

 

[Matt Damon]

As always, Batman is right.

Yes but the speed of the increase in debt would be slowed to £2million a season...


Not that I'm advocating it.

We're not tapping our revenue streams enough - and that's thanks to Kenwright and co and this NONSENSE "we've got to move" idea and "no one's interested" MYTHS they've propagated.

 

[chicoazul]

It's like paying off your credit card. You'll only bash it again straight away for non essential purchases.

 

[Bruce Wayne]

Better idea: ask fabulously wealthy Robert Earl if he'd like to become a director of Everton FC...hold on.....

The problem with that is that we then become little better than the Man City's of this world, with the exception being that their owners have a few billion more in the bank than Earl does. Whilst to all of us here being worth around £250m is not bad at all, in footballing terms his entire wealth could be spent by City in a couple of seasons. As it's very unlikely that any owner would blow all of his wealth on what is at best (for us) a vanity toy then his wealth won't be all that much good, unless it's put to use in increasing our revenues in such a way as it increases our wealth and therefore his shareholding at the same time.