I think Everton like every other club, Arsenal, Spurs, Man City, West Ham, Brentford have realised moving into the modern era and to remain competitive on the commercial front have decided it's time to move. I've seen the location on Youtube, and I suppose I would compare it with Fulham's new stand where it over looks the Thames, and like Fulham, from a commercial perspective river fronts attract money. The biggest question has to be around building costs, the longer you leave such developements, the more expensive they become, so stalling over any threat of relegation could be deemed as detrimental to the project. But in short, the bit you want to read, it will cost less than a Lakuka.
Don't wish to upset any Chelsea fans, but imho Abramovich is just a money launderer, and once a Labour government get in power he could be fooked, along with CFC.
I "cry" when owners artificially raise the ceiling of competition to such ludicrous heights through doping the market and buying success. The argument goes that there is a 'trickle down' affect but the sad reality is, as exposed by Covid, the vast majority of clubs operating lower than the Championship are never more than a hair's breadth away from financial ruin. The behaviour of many PL clubs regarding the furlough scheme (Spurs included) was simply disgraceful. Moreover, the only way for other clubs to keep up and avoid being left behind is to play the cartels at their own game and 'sell the soul' of the club, which is exactly what ENIC have been doing for 5+ years now culminating in the misbegotten decision to join the ESL. There simply is no middle path to success left anymore. Occasional miracles like Leicester in 2017 will become increasingly rare while even clubs as big as Arsenal, United and Everton are genuinely on the brink of never winning a significant trophy ever again. FFP came in far too late. The time to bring it in was 03/04 when Chelsea recorded a net spend of £152m and increased their wage bill to 170% of their actual revenue. Football died that year. We've simply been attending the funeral ever since.
Half good? They were the best team in England. They would have probably won the European Cup if it wasn't for the ban after Heysel
It's not a lack of respect. It's a totally different sporting culture and therefore a totally different way of doing things. We opened the door to them, they're not going to call a fry a 'chip' just because we have 'tradition'.
The point is how you accumulate so much of it in the first place that throwing it away is immaterial. And i would point you in the direction of various post-Soviet collapse oil and arms deals to answer that question.
Exactly by thowing it away, into investments that are more difficult for the Russians to ever touch, if Putin should choose to do so. Bit like the arabs buying Newcastle and Man City, future incvestments once the oil dries up. Afterall why would anyone want to buy Chelsea and spend absolute millions on it's players back in the time, it's because he wanted to hoover up the legitimate money, via investing his dodgy money. However, if a Labour government get in, I'm damn sure they will start looking closer at those investments and freezing anything that dosen't account for where the money legitimately come from. This will then piss off Abramovich and he will look to start binning off his investments in the UK.
There is a world of difference between sustainable debt and having money to burn. I agree, it was most certainly not built with just the football club in mind - which is precisely why most creditors and banks consider the debt sustainable.
You wash your dirty money in Chelsea, then take the legitimate returns, via gate reciepts, tv money, and other commercial and marketing.
Don't know mate tbph, but I watched an interview today with Emily Thornberry and she's coming for you mate, that's all I know, she spoke specifically of Russian investments. RIP CFC
