bobafro
Player Valuation: £8m
For the record I never said either way what I wanted the Club to do, I was merely pointing out that debt has increased when a lot of supporters mistakenly think we're dealing with it.
Personally, I want a clear business plan one way or the other, the exact opposite of what we see in any set of accounts submitted during this boards tenure.
That's absolutely fair (with regards the business plan) but when you're saying our 'debt' has increased and supporters are unaware... that's pretty much an argument of semantics.
Yes we have slightly increased the amount of money we owe the bank but financial position is determined by a balance of assets and liabilities. Our assets have increased quite a lot more than our liabilities (with the ratio being so healthy that it covers half of our total bank debt) leaving us in a much stronger position financially than we were. This is why the Net Debt figure is shown.... it's not to throw wool over peoples eyes... it's to show the decrease in effective debt for the club.
I actually think it's misleading to say Everton have increased their debt without giving context...