WELL, the good news is that we aren’t about to go bust.
The bad news is that the latest accounts for Everton FC reveal a £3.1million loss, and it’s a reflection of the general madness of the Premier League business model that the Blues’ CEO described those figures as ‘solid’.
The problem for Robert Elstone and his equivalent at almost every other club is that the whole sport is a mass of conflicting aims.
As supporters, for instance, we are appalled at the level of debt that our clubs are in and at the way that so much of their income is poured straight into the pockets of players – almost 70% in Everton’s case. However, at the same time we are never happier than when a big new signing is paraded on the pitch and there can be hell to pay if one of our established stars is sold.
If Marouane Fellaini or Jack Rodwell are sold in the summer we will raise cash, the books will look healthier and there were will be some funds available for David Moyes to spend.
