Phil Neville to Everton ?

[OwlsFan]

3.5 million to a club like everton is nothing any way ,peanuts

3.5 million is not peanuts to Everton. This I read in November 2004:

Everton's debts rose to £42m in the last financial year, but the club is confident that a £12.8m investment deal will be in place by next month's annual meeting. The £4m increase in the net debt was recorded before the sale of Wayne Rooney to Manchester United. They have since paid the first of two £10m instalments while the first phase of an investment by the Fortress Sports Fund is scheduled to be completed before 7 December. The Fortress Sports Fund will pay £12.8m for an initial 29.9% stake with an option to invest a further £17.2m that would take its shareholding up to a controlling 50.1%.

[anto1208]

3.5 million is not peanuts to Everton. This I read in November 2004:

Everton's debts rose to £42m in the last financial year, but the club is confident that a £12.8m investment deal will be in place by next month's annual meeting. The £4m increase in the net debt was recorded before the sale of Wayne Rooney to Manchester United. They have since paid the first of two £10m instalments while the first phase of an investment by the Fortress Sports Fund is scheduled to be completed before 7 December. The Fortress Sports Fund will pay £12.8m for an initial 29.9% stake with an option to invest a further £17.2m that would take its shareholding up to a controlling 50.1%.

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this included the overdraft which was cleared with the first 10 mill from utd , it also included money owed to other clubs for players , this was also cleared using the money from utd .( 20 mill - 7 for beattie 13 mill off the loans )
also they had increased prize money from finishing so high in the league new sponsership deals and a new restructuring by keith wyness has left the club with a morgage style loan of 25 million with AIB . no overdraft .no money owed to other clubs and 30 million in the bank for the forth coming season

[OwlsFan]

.A new restructuring by keith wyness has left the club with a morgage style loan of 25 million with AIB .

So they owe 25 million to the Bank and they have 30 million to spend. With my basic arithmetic that leaves a balance in their favour of 5 million, most of which they've blown on Phil Neville.

[anto1208]

So they owe 25 million to the Bank and they have 30 million to spend. With my basic arithmetic that leaves a balance in their favour of 5 million, most of which they've blown on Phil Neville.

oh for god sake thats just ridiculous will they pay back that loan this year ...no so they have 30 mill to spend