All well and good Billycopper using the loan system to use the transfer funds to strengthen elsewhere, unfortunately we have only strengthened the 'other operating costs' therefore your argument falls down!!!!!!
Unless you are using McGeady as the example of redirecting transfer funds to maybe give him a large signing on fee to attract him, then that would be a little deluded.
We are being constantly being lied to about what is available, 24/7 search for investment and managers having to operate one shoe string and that is because of the board and not because managers are good at using the loan system, they use the loan system as the board is failing to either attract money or release it.
Whilst I still appreciate players that come to Everton one loan I would much prefer for use to be able to compete for our own players, players that we can play where and when we want and not under the direction of another club!!