Net spend of ZERO = balancing of the books.
SINCE WHEN WAS THAT BAD MANAGEMENT? FFS
That's the bare minimum of GOOD management. Even better if that is turned into a YEARLY PROFIT (i.e. incomings > outgoings).
That is all down to infrastructure. Where "INVESTMENT" needs to be ploughed into (redevelopment) to make the club's turnover increase so incomings >> outgoings - but on terms the club can afford.
Note: That doesn't mean that "shared stadia" are the way to go, because that would undermine future "investment" that could be saught and would have a higher cost base, and also would limit Everton into a certain NON-PURPOSE BUILT stadia which would hamper turnover.
its the lazy way out of dodging the Infrastructure issue.
SQUARE THE CIRCLE lad. SQUARE THE CIRCLE
your an idiot, an educated one perhaps, but i have met many like you before. we are selling to pay debts before buying, we are taking loans out to meet interest payments, how, on gods green earth, does this come close to being well run, square the circle? its a rut mate, a fookin rut that this board has got in, and seems clueless as to how to get out of.