Everyone seems to burble on about our debt of £45M and yet, of the established Premier League clubs, it is virtually the lowest. Liverpool's in comparison is still £123M (their debt did not get wiped out) yet they still spent £80M on players this season (i know they recouped most of it, but they still went out and spent the £80M).
The Echo labelled us the paupers club under Peter Johnson when our debt was £20-25M, yet mysteriously ignore the debt our neighbours have now: £123M... last year £350M ? why is that? In my opinion, they are brainwashing our fans into accepting we are in massive trouble and so we should accept our role as the poor relations; mediocrity is all we should accept, and we largely fall for it!!
Now given I am writing this article and would expect to be asked, "What would you do?" Well, here goes:
1. Tell all our fans to stop buying The Echo and The Daily Post, you're feeding their propaganda and condoning it.
2. Short of getting rid of the Chairman, which appears unlikely, what would the fans say if Mr Kenwright came out tomorrow and said "I have a plan: here is what we intend to do:
"Sell Yakubu £4M, Anichebe £2M, Yobo £3M, Vaughan £1.5M, Heitinga £7M, Bilyaletdinov £7.5M, Arteta £10M, Saha £3M... that is £38M for players who have either not been at the club, been on the bench, or have been rubbish this season, so the idea of letting 8 go is not really an issue as most of them have contributed little anyway.
"Now I'm giving Moyes £23M to replace these players and the other £15M goes straight off the debt, reducing our debt by ⅓. If Rodwell does not produce by January then he has an option to sell him in January for £18Mm, giving Moyes £10M and £8M off the debt."
This then means our debt is halved, we have moved on some of the high earners, saving more money, and can then plan ahead with better confidence and finances.
Whether some or all of you like this idea is not really my issue, but at the moment it's more of a plan than Everton have got, I am sure some would say that idea is useless; that is fair enough, but the alternative is drifting along like we are now, which does the fans and the club no good.
Season ticket holder 1969-2002, hope to see some of you in Washington in July.
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First, by saying how much money will go on players will weaken our negotiating strategies as clubs will know just how much we have to spend and "try it on" more than they normally would for their players (as is the flow of negotiations).
Second, telling the world Rodwell will go for £18 million pounds? That is not how you rip the arm off those muppets at Man City ? you say £50 million and see how much they are willing to pay....In short, he may have a plan (I doubt it), but making it public knowledge is not always the best thing to do...
If 53% of people are employed by the state it?s a pretty obvious the economy will catch up with itself and that?s what?s happened and the public sector needs to be slashed as part of it, my opinion is the Government need to cut more public sector especially in the NHS of which my wife works for and the stories I get from her make BK look like Richard Branson!! Really terrible for all the people who work for the public sector and that is the sad part but like EFC you can't carry debt especially as your earnings can't cover the overhead and that?s exactly what predicament we are in at EFC Ltd. If we took on more debt and we failed to increase revenue either via silverware or sponsorship, EFC would have to sell all its players or face liquidation ? it?s not complicated at all. Debt is evil whether it?s the country or our club, well unless you?re Gordon Brown that is. COYB
There is a need to freshen up the squad but loosing 8 or 9 and bring in 8 or 9 would result in relegation. Too many new faces at once just wouldn't work.- Players need time to get used used to new players on an incremental basis ? wholesale changes would be disasterous.
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