The binman chronicles
Player Valuation: £80m
Because it's a form of debt mate?
If we borrow that £60m, we have to pay that back. So... debt?
That said, I agree with what you say about creating an 'immediacy' to act quickly in the market, but the problem is this is Everton - traditionally, we've taken out loans very much like this to cover the lack of investment from the board.
I'm not an expert on it, but if we needed a £60m overdraft, why didn't Moshiri front the money and have an account that acts the same way? There may be a simple reason, but I just see things like this as deeply suspicious.
Before it used to be to pay off the debt we ran up the season before to keep the wolf from the door. Probably covering things like wages. I hope this is purely just a transfer dip-in fund until the TV income is paid out.