How much do you reckon we will have to spend before we start selling players?
£12m (includes money for wages) and £3m for the academy.
Extra 40million - annual loss of 10million = 30 million.
Our debts are small.
We have never missed a payment.
I think Kenwright is due to re-negotiate one of our loans soon.
The overdraft is down to a satisfactory 10million, down from 30 million before the Arteta fire sale Summer.
Anyone who thinks the bank has first dibs on all of that cash isn't living in the real world. Our revenue has just increased by 40million per year, I imagine the banks are more than satisfied with Everton's performance and their circumstances.
Everyone acts as if we are constantly in a state of impending administration, I disagree, and think we are in relatively decent financial shape, especially now that our turnover has increased by 40 million pound a year.
I would read the PDf on the attached link, if you think the banks will be satisfied with our performance.
As for the extra tv money, it does not give an advantage if every other club is getting the same deal. We need to organically grow, and the link will show that we are not. The gap between us and the likes of Spurs will continue to grow wider while are amazing board carry on with there impressions of Ostrichs.
This tv deal will mean 2 things, more money getting spent on players wages and bigger bridging loans on the tv money.
http://www.toffeeweb.com/season/12-13/news/23366.html
The question in this thread will be a key question for any pottential new manager folks.