I think it is enough,,, so crazy that such an amount is not seen as enough. Everton have been spending a lot already and they now have a small problem that the wage bill is high and they need to perform plus the new stadium took on a lot more debt also,,, they need to find a way to break into Champions League football so they need every bit they can get. Stake hopes the same of course and this is part of the gamble
What it actually does for crypto I cannot say,,, but it cannot be harmful
You have to remember, teams can have big debts, because they have big revenue, the amount of money Everton makes in a single year is astonishing, do not get me started on teams like City or LFC. Which means that, they could have 100 million debt today, pay only 20 million of that, and have 120 million next year because of overspending, and keep going like that (until they turn out to be like Barcelona eventually).
Not really. Everton and Newcastle suddenly went into debt because they have big and rich owners who had a lot of capital, not revenue. Do not get confused with the two. If you only base your borrowing on revenue, which is under 200 million for Everton,,, you could not borrow much, because revenue - expenses = net income and that is so little.
But with CAPITAL.
With the capital their owners had,,, they put it up as collateral to borrow money from banks and THEN buy new players or like Everton, build a new stadium. This was to GROW the revenue to pay off debts and investment and win prizes.
United did the same, their rich American owners even put up the club assets as collateral to borrow a lot of money. The revenue being big was a prize not the reason for borrowing.
