You're right - Everton don't - normally I add that qualifier.
Spurs have more money to spend than us this season and last partly because of our unwieldy wage bill partly because of the cash injections thy are getting from Befbatov, Modric Bale - and due to the money we flushed down the pan with Cole, Carroll, Downing, Coates, Adam, Henderson* and so on.
*NB I have hopes Hendo will come good but so far he has provided poor to average returns on his outlay.
So they're still spending the Berbatov money 3 years after he was sold. You know this how?
And they've spent the Bale money before he's been sold, so they don't actually have it yet.
Modric I'll accept, sold last season and probably not reinvested straight away.
I agree we have wasted money on transfers and wages over the last 20 years compared to almost every EPL Club but that doesn't mean we should stop spending altogether.
We operated at a loss of circa £50m upto 31st July 2012 and our wage % stood at 70%. This is acceptable for FFP rules. People need to understand that Clubs don't have to make a profit to keep within the rules, they do allow for losses and for debt, providing it's within the Clubs means.
Ours always has been, except when H&G mortgaged us upto the hilt and we could no longer sustain their debts. I stress, THEIR DEBT, not the Clubs.
I'm sick to death of seeing this propoganda that we have a pittance to work with for the TEAM, yet having all the commercial gains being lauded by our MD. That the paying public, that's the fans btw, are being asked to dig deeper into their pockets with increased ticket and merchandising prices, yet we, that's the Club btw, are penny pinching over every single deal that could actually bring SPORTING success, rather than financial success, back to the Club.
If this continues the fans will rightly turn against them financially, hopefully then they might think about us and what we want for the Club.
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