Everton have created the hole themselves being very poorly run for almost a decade.
Splurge on crap players and huge wages.
Then pay offs for sacking managers
Low match day revenue and poor commercial sales of merchandise and rights.
Then COVID hit
The war in Ukraine - Usmanov money dried up
Building a stadium and the financing not properly in place
The proposed new owners have supposedly loaned £120m already to the club to keep them afloat.
Splurge on crap players and huge wages.
Then pay offs for sacking managers
Low match day revenue and poor commercial sales of merchandise and rights.
Then COVID hit
The war in Ukraine - Usmanov money dried up
Building a stadium and the financing not properly in place
The proposed new owners have supposedly loaned £120m already to the club to keep them afloat.