Everton FC chief executive Robert Elstone was the guest as part of the Liverpool Daily Post Business's live debate on the Business of Football. He was joined by Prof Tom Cannon and sports editor John Thompson in an engaging discussion chaired by business editor Bill Gleeson.
Press play below to watch the debate again and hear Elstone explain how Everton invested the Lescott transfer fee plus £8m, the truth about the signing of Diniyar Bilyaletdinov and why changes to the tax rate will affect the dominance of English clubs in Europe.
* Read Financing the Premier League dream to see the challenges facing Premier League clubs as they try to increase their revenues to fund their playing squads.
